NEW YORK & FRANKLIN, Tenn., Nov 12, 2010 (BUSINESS WIRE) -- An agreement announced between MagnaCare, a national health plan services company, and Coventry Workers' Comp Services, a division of Coventry Health Care, Inc., will make the MagnaCare provider network available to new and existing Coventry clients in the State of New York beginning in November 2010. This relationship expands the Coventry Recommendation of Care (ROC) offering in New York, bringing greater depth and breadth to this voluntary option that allows injured workers to seek care with network providers and enables payers to reimburse providers based upon contractual rates.
"We are confident that this partnership will provide expanded access to care along with optimal savings opportunities for Coventry clients and their workers who experience on-the-job injuries," says Steven Kokulak, vice president of workers' compensation and no-fault at MagnaCare. "The ROC Network is an ideal alternative for employers and carriers that do not want to utilize a Certified PPO, or who do not have access to a Certified PPO, in all counties".
MagnaCare and Coventry, which offers its Certified PPO through its wholly-owned subsidiary MetraComp, will both continue to offer their Certified PPO products independent of each other.
Bruce Singleton, senior vice president of provider network product development at Coventry, adds, "While we have long offered our ROC Network, we wanted to provide the most comprehensive network in terms of access and reimbursement rates. The addition of the MagnaCare network to our offering means that Coventry clients will have a broader network for referring their injured workers, while achieving the best possible savings. This translates into real value." MagnaCare began contracting with providers, more than fifteen years ago, requiring them to accept the same rate of payment from all payers, regardless of the reason for the care. The Network is designed to provide the same quality care, at the same price, whether the medical condition was personal, auto-related, or work-related. This allows MagnaCare to offer significant discounts, below state fee schedule on services provided to their No-Fault and Workers' Compensation customers.
About MagnaCare MagnaCare is a health plan management company that touches millions of lives nationwide. For over 20 years MagnaCare has provided solutions to Taft Hartley funds, self-insured companies, commercial insurers such as health, workers compensation, or no fault, TPA's, and government entities. Whether it's access to a broad provider network, predictive modeling analyses, member outreach programs or an integrated solution that includes full plan management services including claims adjudication, eligibility management, client/customer service, and a full suite of products, MagnaCare understands its customer needs and develops cost effective, comprehensive solutions. Visit www.magnacare.com www.facebook.com/magnacare www.twitter.com/magnacare About Coventry Workers' Comp Services Coventry Workers' Comp Services, a division of Coventry Health Care, Inc., is the leading provider of cost and care management solutions for property and casualty insurance carriers, (workers' compensation and auto insurers), third-party administrators and self-insured employers. We design best-in-class products and services to help our partners restore the health and productivity of injured workers and insureds as quickly and as cost effectively as possible.
We accomplish this by developing and maintaining consultative, trusting partnerships with our clients and stakeholders, built on a foundation of innovative and customized solutions that support the claims management process.
Go to www.coventrywcs.com for more information.
SOURCE: MagnaCare CONTACT: CPR Communications for MagnaCare Alyson Kuritz, 201-641-1911x51 firstname.lastname@example.org Copyright Business Wire 2010 -0- KEYWORD: United States
Tennessee INDUSTRY KEYWORD: Health
Managed Care SUBJECT CODE: Contract/Agreement