LUBBOCK, Texas, March 30, 2015 /PRNewswire/ -- The MED Group, a Managed Health Care Associates, Inc. (MHA) Company, today announced the expansion of its payer network to include several new and enhanced agreements. MED Group members will now have access to an additional 11.8 million covered lives through agreements with medical cost containment company Prime Health Services, Inc. (PHS), MultiPlan's Texas True Choice (TTC) Network, and Stratose.
The MED Group is the leading group purchasing and member services organization in the home medical equipment industry. The MED Group strives to offer HME providers innovative, value-added programs in addition to a competitive GPO portfolio, such as specialized clinical networks and MED U which provides HME industry-specific education. The MED Group's comprehensive payer network is another example of this commitment and functions as a cost saving, revenue generating program that covers more than 141 million lives. The addition of PHS, TTC and Stratose to the existing MED network will expand the company's coverage to over 153 million lives, creating additional revenue opportunities for MED members.
PHS's network is comprised of over 700,000 providers nationwide and offers providers access to lives beyond traditional group health by contracting with clients in worker's compensation and auto liability. Its payer clients are primarily self-insured employers, third party administrators (TPAs), insurance carriers, and state or federal organizations.
MultiPlan's TTC network is focused on Rural Service Areas (RSAs) for Texas Medicaid plans and includes the Texas STAR program, the Texas CHIP program, Star Health (foster care), and Star Kids (beginning 2016). This agreement will provide coverage for more than 3 million children and 800,000 adults enrolled in the various Texas Medicaid programs.
Stratose directly manages a PPO network with more than 850,000 provider contracts. The agreement gives MED members access to approximately 11 million lives nationwide. One of the largest PPOs in the United States, Stratose has strategic partnerships with national and regional PPOs, and is continuing to grow through mergers and acquisitions.
Jeff Woodham, The MED Group Senior Vice President and General Manager, stated, "We are excited to bring these new payer agreements to our members enabling them to seek new revenue opportunities and discover new referral sources in their marketplace. Our members can directly market their products, programs and services to the broad range of clients who utilize these three payers."
About The MED Group
The MED Group, a wholly owned subsidiary of Managed Health Care Associates, Inc. (MHA), is a Group Purchasing, Business Solutions and Network Management Organization that serves its Home Care Customers (Provider Members, Suppliers and Referral Sources) through a unique model that delivers value for each.
MED members are market-leading Home Medical Equipment (HME) Providers that consistently deliver quality patient care through clinical and business based best practices. Through MED smart purchasing economic models, members make cost effective purchasing choices for products available through MED Business Partner agreements. MED also helps members improve efficiencies in education and training, reimbursement, accreditation, certification, technology and other operational areas – to help maintain their status as market leaders. MED's Network includes market leading HME providers that cover 2000+ locations.
For More Information Contact:
Angela Elsier
Director of Marketing
Managed Health Care Associates, Inc.
800-642-3020 X2870
[email protected]
SOURCE The MED Group
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