February 28, 2011 - HealthNow Administrative Services Continues Execution of Strategic Growth Plan in California
Company officially opens regional office in Sacramento, CA and announces leadership team that will oversee operations
KING OF PRUSSIA, PA -- HealthNow Administrative Services (HNAS), the wholly-owned subsidiary of HealthNow New York Inc., one of the Northeast’s leading health insurance and employee benefits companies, announces the opening of a new regional office in Sacramento, CA and leadership team that will oversee the office’s operations.
HNAS’s Sacramento regional sales office, located at 2520 Venture Oaks Way, Suite 450, houses a variety of HNAS leadership, sales, account management and operational resources. HNAS offers a suite of self-funded products and services that help control costs while providing flexibility in tailoring benefit plans to directly meet the needs of employers and their employees.
Additionally, HNAS has a California-based team of industry professionals experienced in employee benefits. The team includes Dina Tank, Jason Gard, Diane Harris and Camin Turner. Tank and Gard will focus on growing and servicing the self-funded market within southern California. Harris and Turner will concentrate their efforts on business growth and servicing the northern California market.
“We plan to achieve growth as an organization through concerted communication and demonstration of the strong value we deliver to our customers each and every day,” said Steve Manzelli, SVP of sales and marketing for HealthNow Administrative Services. “With the significant economic pressures in place today, and emerging demands that health care reform is placing on a variety of organizations providing employee benefits, we see significant potential for growth as more businesses consider the benefits of self funding.”
The company’s Sacramento office is the start of HNAS’s expanded physical presence throughout the state of California. These efforts include an executive satellite office in Fresno and other regional offices opening in the near future to support California brokers.
~~~
About HealthNow Administrators (HNAS):
As a wholly-owned subsidiary of HealthNow New York, Inc., HealthNow Administrative Services provides administrative and outsourcing services, while delivering innovative strategies to meet any group benefit plan objective. Visit the company’s website at www.hnas.com.
About HealthNow New York Inc.:
HealthNow New York Inc. is one of New York State's leading health care companies serving members across upstate New York. Headquartered in Buffalo, NY, HealthNow does business as BlueCross BlueShield of Western New York, BlueShield of Northeastern New York, HealthNow New York, Brokerage Concepts Inc. and HealthNow Administrative Services. For more information on HealthNow, visit www.healthnow.org.
For a PDF version of this press release, click HERE.
###
__________________________________________________
February 16, 2011 - HealthNow Administrative Services (HNAS) and Benefit Coordinators Corporation (BCC) Form Strategic Alliance
KING OF PRUSSIA, PA -- HealthNow Administrative Services (HNAS) a subsidiary of HealthNow New York, Inc., one of the Northeast's leading health insurance and employee benefits companies, announces a new strategic alliance with Benefit Coordinators Corporation (BCC) to provide comprehensive benefit management solutions to employers through an expanding national broker infrastructure.
HNAS is a national administrative and outsourcing services company specializing in self-funded benefit plans. HNAS targets mid to large size employer groups (100 to 1,000-plus employees), and works primarily through brokers and consultants. BCC is a leading national administrator and co-developer of BenXcel, a comprehensive system of eligibility lifecycle management, self-serve enrollment and consolidated billing. Together, HNAS and BCC will identify opportunities to provide creative, end-to-end benefit solutions to their broker partners. In addition to brokers seeing the potential for greater client retention, these solutions will help employers to realize their goals of lower costs for health care benefits, and greater administrative efficiency.
"At HealthNow Administrative Services, we continue to seek and drive sustainable growth initiatives while exploring quality strategic alliances to position this organization for its long-term future,” said Lawrence Thompson, HNAS Chief Operating Officer. “This alliance with BCC combines our strengths to deploy technology and staff expertise, coupled with benefits program flexibility. Our end goal is to provide brokers and clients across the U.S. with a seamless, comprehensive resource for planning and implementing group benefit products and administrative services."
“When do benefits administration decisions become critical? The moment they affect your clients, their business, and ultimately the bottom line,” said Michael Lawton, President/CEO of Benefit Coordinators Corporation. “We are excited that our alliance with HNAS will provide brokers a trusted solution that they can recommend, and one that will enable employers to navigate through the ever-evolving health care industry and realize an immediate return on investment.”
~~~
About HealthNow Administrators (HNAS)
As a subsidiary of HealthNow New York, Inc., HealthNow Administrative Services provides administrative and outsourcing services, while delivering innovative strategies to meet any group benefit plan objective. Visit the company’s website at www.hnas.com.
About HealthNow New York Inc.
HealthNow New York Inc. is one of New York State's leading health care companies serving members across upstate New York. Headquartered in Buffalo, NY, HealthNow does business as BlueCross BlueShield of Western New York, BlueShield of Northeastern New York, HealthNow New York, Brokerage Concepts Inc. and HealthNow Administrative Services. Visit the company’s website at www.healthnow.org.
About Benefit Coordinators Corporation (BCC)
Since 1983, BCC has been a leading provider of outsourced solutions connecting HR, benefits management and specialty administrative services. BCC presently provides services to clients in more than 40 states for employers ranging in size from 50 to 30,000 employees. The organization has offices in Pittsburgh, Pennsylvania and San Diego, California. Visit www.BenXcel.com.
For a PDF version of this press release, click HERE.
####
__________________________________________________
March 3, 2010 - HealthNow New York Announces Expansion of Administrative & Outsourcing Services
Subsidiary will focus on the self-funded market and third party administration
BUFFALO, NY – HealthNow New York, Inc., one of the Northeast’s leading health insurance and employee benefits companies, has announced a national expansion through a newly-formed subsidiary, HealthNow Administrative Services (HNAS).
The subsidiary is an administrative and partner services company specializing in self-funded benefit plans targeting mid to large employer groups (100 to 1,000-plus employees), brokers, and agents. Additionally, HNAS’ will partner with smaller third party administrators, providing the man power, claims operations and technology infrastructure they need to remain competitive in today’s marketplace.
The focus of HNAS responds to the struggling economy and the strong trend of employers searching for options beyond traditional insurance. Employer groups want the flexibility to tailor benefit plans to directly meet their needs and their employees’ needs, while having more control of the costs. These organizations are willing to self-insure and underwriting the risk while outsourcing the back office operations of managing claims processing, provider networks, utilization review or membership functions. Self-insured enrollments grew, across the insurance industry, from 44 percent in 1999 to 57 percent in 2009. As of December 2008, self-insured membership was a significant portion of membership in nine of the top 10 health plans.
“At HealthNow New York, we continue to seek and drive sustainable growth initiatives while exploring options to position this organization for its long-term future,” said Alphonso O’Neil-White, president & CEO of HealthNow New York Inc. “Many internal and external forces are changing the shape of this industry. Those organizations who not only adapt but continually look to ways to reinvent themselves will survive. HNAS is one element to our continued evolution.”
While HNAS will continue to foster current broker and client relations across the Northeastern U.S., specifically in the New England and Mid-Atlantic regions, HNAS has begun marketing employee benefit products and services across the country.
While its home base will be King of Prussia, Pa., a sales and client administration office has been established in Dallas, Texas targeting the southwest. HNAS sales forces are now located in Phoenix, Ariz., and Boston, Mass., to assist in nationwide service.
HNAS complements HealthNow’s existing brokerage strength secured through its 2006 acquisition of Brokerage Concepts Inc. (BCI). BCI will continue to serve as a leading group benefit and individual brokerage firm, operating regionally and headquartered in King of Prussia, Pa., with offices located in the northeast corridor.
“HealthNow has made a substantial commitment to HNAS with clear goals for both its short and long-term future,” said Lawrence Thompson, HealthNow senior vice president of Large/ Administrative Services Only Accounts. “We are investing in people, infrastructure and technology to enable the organization to compete head-to-head on a national level. We anticipate that the majority of HealthNow’s new membership growth in 2010 will be attributed to the success and leverage of HNAS.”
According to Thompson, indicators show the self-insured segment will continue its significant growth in 2010 as health care costs keep on rising, taxes continue to increase, revenue and investments decrease and employers are forced to lower their costs. Employee benefits costs run second to compensation expense.
“As a subsidiary of HealthNow New York, HNAS has access to resources and the capacity to provide superior administrative and partner services that deliver integrated and creative benefit solutions,” Thompson said. “HNAS combines strength, knowledge and expertise with plan flexibility to provide brokers and clients across the U.S. with a seamless, comprehensive resource for planning and implementing group benefit products and administrative services.”
~~~
About HealthNow New York Inc.
HealthNow New York is one of New York State’s leading health care companies serving members across upstate New York. Headquartered in Buffalo, NY, HealthNow does business as BlueCross BlueShield of Western New York, BlueShield of Northeastern New York, HealthNow New York, Brokerage Concepts Inc. and HealthNow Administrative Services. In 2008, company revenues grew to more than $2.27 billion.