Published:
BridgeHealth Reaches One Million Member Milestone for Travel to Surgical Centers of Excellence Via Contracted TPAs, Insurers, and Employers
DENVER - (BUSINESS WIRE) - Following two years of steady corporate growth since its founding in
2007, BridgeHealth Medical, Inc. (www.BridgeHealthMedical.com),
the nation's premier provider of medical travel services to high quality
surgical centers of excellence at significantly lower prices, today
announced reaching a major benchmark: Over 1,000,000 lives under
management by Third Party Administrators (TPAs), employers, insurance
carriers, program administrators, and Limited Benefit Plans are being
introduced to the BridgeHealth network of surgical Centers of
Excellence. By incorporating BridgeHealth into their portfolio
offerings, these leading business channel partners offer members and
individuals a way to control claims costs on major surgeries while
giving employees access to high quality health care.
"This is a major milestone for BridgeHealth because it means that
well-respected, national health care administrators and carriers see
great value in offering this innovative specialty travel network," says
Arthur Laffer, Ph.D., noted economist and creator of the Laffer Curve,
economic advisor to President Ronald Regan, and member of the Board of
Directors of BridgeHealth. "While these entities may be inundated daily
with multiple program opportunities, they now value and prioritize what
BridgeHealth has to offer. Collectively, they have chosen to dedicate
time, effort and resources to introduce this plan enhancement to their
constituents as a realistic way to blunt anticipated cuts to employee
health benefits."
BridgeHealth offers worldwide access to quality accredited hospitals and
qualified physicians, bringing affordable coverage to small and large
businesses alike. Individuals benefit from the end-to-end coordination
of high quality, lower cost procedures -- both domestically and abroad
-- that help reduce costs across-the-board for consumers, employers, and
insurers.
Victor Lazzaro, Jr., CEO of BridgeHealth Medical, Inc., explains,
"Channel partners regard the BridgeHealth offering as a clear
differentiator in this highly competitive benefits marketplace, with
many seeing a medical travel option as a positive way to help combat
large year-over-year rate increases for plan sponsors. In a tough
economy, this type of benefit is very appealing."
He says that the number of health care administrators and carriers in
the BridgeHealth pipeline grows steadily, with respected organizations
now recognizing that the medical travel option means real savings on
claims, value to employers and employees, and a market differentiator
for the program sponsor.
"While this benefit can be added off-cycle, we have significant interest
from plans to be ready for a January 1, 2010, effective date," he
continues. "Our channel partners are anxious to deliver a right now
solution for their clients' healthcare costs where those plans can save
30-80 percent on surgical case fees and share some of those savings back
to employees to go toward their out-of-pocket costs."
According to Bruce Flunker, CEO of Employee Benefit Consultants of
Milwaukee, WI, "We selected BridgeHealth as a partner because they
mirror our own organization's position at the leading edge of quality
improvement and cost control within healthcare choices for our employer
clients. Access and experienced support for employees to travel to
surgical centers of excellence has become a reality within US healthcare
channels; we are actively rolling this option out as an improved choice
for members covered under their company plan."
Allied National, Inc., a third party administrator of fully insured
plans for individuals and small employers, is offering the BridgeHealth
program as a standard feature to all of its policyholders. Bill Ashley,
CEO, notes, "They will now have an opportunity for greater choice and
cost-efficient health care without compromising on quality. In
particular, we believe this program will be extremely valuable to our
clients with high out-of-pocket plans."
As BridgeHealth validates market momentum, Sam Havens, former CEO of
Prudential Healthcare, director and business development catalyst for
several leading-edge health care technology firms, and a member of the
Board of Directors for BridgeHealth, concludes, "The BridgeHealth
domestic network is a premier option for surgery, offering consumers
increased quality, choice of providers, cost savings, and patient
education - the key elements of every proposed health care reform
package. BridgeHealth is also filling a need on the international side
by integrating agencies and hospitals with data to support the medical
travel advantage."
About BridgeHealth Medical
BridgeHealth Medical (BridgeHealth) is the premier provider of medical
travel services to high quality surgical centers of excellence at
significantly lower prices, founded with a vision "to create a trusted
bridge to the world of medical care." BridgeHealth offers both US
domestic and international networks and serves health plans, insurance
carriers, employers, third party administrators, individuals accessing
benefits via voluntary benefits plans, health and affinity card programs
or Consumer Directed Health Care Plans (CDHP), and individual consumers
seeking medical travel options. Visit www.BridgeHealthMedical.com.
CPR For BridgeHealth Medical:
Jim Stroh, 201-641-1911 x18
Jstroh@cpronline.com
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