HMOs Gain Extra Confidence in Benefits Management with New Tool from Summit Re and ERC Healthcare

[ERC Healthcare via BizWire]

OVERLAND PARK, Kan.--(BUSINESS WIRE)--April 29, 2004--Summit Re,
the exclusive ERC Healthcare HMO reinsurance intermediary broker, has
introduced a new tool that provides new and existing customers
consultative HMO coverage analysis.
The Coverage Analyzer helps fit HMOs with coverage tailored to
their risk needs. The dynamic tool generates data and graphs that tell
a compelling risk exposure story.
"The Coverage Analyzer gives CEOs and CFOs the quantitative
decision-making data they're looking for, giving them increased
confidence in their decisions on risk selection," said Jeff
Argotsinger, ERC Healthcare Medical Expense Group Product Leader. "Our
analytics set us apart because we don't just provide coverage, we
supply the knowledge and strategy to make better business decisions."
In six months of use, the Coverage Analyzer is already addressing
a rapidly growing and shifting healthcare marketplace by providing
improved risk analytics for HMOs.
"New and prospective customers alike have seen the value-added
benefits to evaluating risk exposure with our analytical tool," said
Mark Troutman, Summit Re President. "It allows us to enhance our
consultative relationship with the customer. This coverage analysis
will also help the client address HMO marketplace issues such as
rising hospital and drug costs due to contracting leverage and medical
technology, new risk contract opportunities in Medicare and Medicaid
government programs and increasing risk-based capital requirements by
state regulators."
Employers Reinsurance Corporation, a GE company (NYSE:GE), is a
company that protects people, property and reputations. More
information on ERC is available at www.ercgroup.com.
Summit Re is a full service managing underwriter and reinsurance
intermediary broker that focuses exclusively on managed care
reinsurance. Summit Re helps HMO clients analyze, transfer and manage
risk to protect their financial stability. More information is
available at http://www.summit-re.com.