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Baltimore, MD -- 11/11/2003 -- PERFORMAX, a Baltimore-based national developer, manager and administrator of self-funded employee health and benefit plans, announces the launch of PERFORMAX Consumer Care, a consumer-driven health plan designed to motivate employees to consider both quality and cost when seeking health care services. Consumer Care offers educational tools and a variety of informational resources to help employees understand the complex health care system and become knowledgeable health care consumers. The result: employees spend less on health care services and companies exert increased control over rising health benefit costs.
Jacob L. Canova, President & CEO, explains how the new PERFORMAX Consumer Care plan works. “The basic framework of Consumer Care is a high-deductible PPO plan coupled with an HRA that we call a Consumer Care Account. After participants deplete the funds in their Consumer Care Accounts and meet their deductibles, the PPO plan begins to pay their medical expenses. The PERFORMAX Provider Network includes a broad base of physicians, specialists, hospitals and other health care providers. Plan participants can use any physician they choose; however, when they use an in-network physician, their benefits are higher and their personal costs are lower."
PERFORMAX clients can offer Consumer Care as a stand-alone plan or side by side with traditional health plans. This flexibility allows a company to develop a customized health benefit program that meets their financial and business objectives. It also enables them to offer employees a choice of plan options to meet their diverse lifestyles and health care needs.
“We came into this knowing that consumer education was essential for PERFORMAX Consumer Care to be a successful cost-saving strategy,” states Scott Reed, Managing Director of Marketing. “Concurrent with the development of our consumer-driven health plan, we put together an expansive communications program called PERFORMAX Consumer Care Advisor. We employ multiple media and internet-based learning aids and informational resources to help employees become more educated health care consumers. With the knowledge they gain, employees can objectively evaluate their health care alternatives and make decisions that are right for them and their families.”
PERFORMAX Consumer Care Advisor provides plan participants with online hospital quality and cost information, a 24-hour Nurse Line, an audio health information library, online claims status and account balance lookup, and a variety of other self-service tools and health care information.
PERFORMAX offers middle market employers strategic solutions to their health and benefit needs. Utilizing the proprietary PERFORMAX system, the company designs, manages and fully administers flexible, self-funded, customized programs that help employers manage health care costs and support their evolving business objectives. With offices in major markets across the U.S., PERFORMAX serves a national client base and has plan participants in every U.S. state.
For more information on PERFORMAX, visit us on the web at: www.GetPERFORMAX.com.
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