News Just Out!
Rockport Healthcare Secures Workers' Compensation Contract With Humana (www.rockporthealthcare.com)
<Picture: 24/7 ad>July 1, 1999 10:07 AM HOUSTON, July 1 /PRNewswire/ -- Rockport Healthcare Group, Inc., RPHL an integrated healthcare managed care service company, today announced the signing of a contract to provide customized healthcare provider networks by Humana's HUM third party payor company for Workers' Compensation.
Humana has contracted with Rockport Healthcare Group, Inc. to provide access to its Workers' Compensation provider networks in Alabama, Louisiana and Texas. Rockport projects revenue of approximately $360,000 in the first year of service to Humana. Humana paid providers over $12,000,000 in Workers' Compensation bills in the past year.
Rockport Healthcare Group is providing a customized and tailored network of healthcare providers designed to meet Humana's specific needs. Rockport's compensation is based on obtaining a 20% reduction from the millions of dollars spent each year by their clients on Workers' Compensation claims.
Rockport Healthcare Group was selected based on its overall ability to manage healthcare provider networks, their understanding of the needs of the healthcare industry and their specific knowledge and experience with Workers Compensation program management. Rockport saves its clients significant savings and ensures quality care.
In making the announcement Rockport CEO, Harry M. Neer, said: "We are pleased to be working with Humana, an industry leader and innovator." Neer has more than 30 years experience in healthcare administration, managed care and in developing successful Workers' Compensation networks.
Rockport has developed customized networks to ensure that each of the clients' locations are served by primary care physicians, after-hours and emergency facilities, and physical therapists. This facilitates patient care that is convenient and accessible to all employees.
Neer explained that the services provided to Humana are part of the core services developed and marketed by Rockport which include provider contracting, network development, customer service, claims repricing, development and implementation of grievance policies for claims resolution, information services and data base management.
Rockport Healthcare Group, Inc. develops and operates provider networks and packaged access/discounts to the medical services industry. Primary product lines include the development of provider networks for specialty markets, specifically Workers' Compensation and catastrophic illness and injury, and distribution of medical access savings cards to both individual and group targeted markets.
The Rockport Healthcare Group, Inc. family of companies includes Rockport Community Network, Inc., a managed care organization; Rockport Occupational Network, Inc., an Exclusive Provider Workers' Compensation Network; Rockport Preferred, Inc., Medical Access Savings Card Programs; Newton Healthcare Network, LLC, a Preferred Provider Organization; and Rockport Group of Texas, Inc., a Healthcare Administrative Services Company.
This press release contains forward-looking information. The forward- looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements. Additional risks and uncertainties are described in the Company's public filings with the Securities and Exchange Commission.
www.rockporthealthcare.com
For More Information Please Contact: Larry Hinson Rockport Healthcare Group, Inc. Investor Relations 713-621-9424
SOURCE Rockport Healthcare Group, Inc. |
