Cayman
Islands Government Selects CBCA to Improve Quality and Reduce
Costs for Healthcare Services
CBCA
Delivers Significant Results with Care Management, Network
Contracting, and Administrative Services to the Cayman Islands
National Insurance Company
Dallas,
TX, June 21, 2004 — CBCA, a full-service Healthcare
Benefit Management Company, today announced it has entered
into a multi-year agreement with the Cayman Islands National
Insurance Company (CINICO), to help manage the quality and
cost of overseas care for all persons under the government-sponsored
coverage.
Plagued
by years of runaway costs, unmanaged healthcare activity overseas,
and an ever-increasing number of persons excluded from private
coverage, the Cayman Islands Government took two decisive
steps. First, it established CINICO as a Government insurer
under private management. Second, it selected, after careful
due diligence, CBCA as its healthcare management partner.
“With
so much riding on our choice of partner, we were very careful
in our selection process,” said Gordon Rowell, CINICO
President and CEO. “We were impressed with CBCA’s
credentials in helping us to control and contain costs without
limiting access to care as well as with their considerable
network and claims processing expertise.”
CBCA provides
care management, a nurseline, network contracting, claims
processing and related reporting and analytical services to
CINICO.
“We
are honored at being selected to deploy our care management,
network contracting, and processing expertise on behalf of
CINICO and covered citizens seeking care overseas,”
stated Steve Carpenter, President and Chief Operating Officer
of CBCA. “We look forward to working in partnership
with CINICO to achieve the goal of quality healthcare at affordable
rates. In fact, since the program start date, we already are
seeing significant savings from our contracting and care management
efforts.”
In just
four months, CBCA has already saved the Cayman Islands government
more than $370,000 through network contracts and $520,000
through case management activity, well on the way to the $1.2
million goal set by the government. The integration between
CBCA’s care management and claims processing activities
has returned the front end management efforts as hard savings
on the back end or payment side.
In addition
to its Network and Care Management activity, CBCA has spearheaded
the successful implementation of CINICO administrative procedures,
built processes for billing, payment, and data collection,
and brought stability to off-Island care activity.
“The
Cayman Islands Government had a difficult task in providing
broad health coverage to the people of the Islands not only
from a cost standpoint but whilst also maintaining quality
of care,” said Rowell. “In just a short time,
CBCA, working closely with Government and its Providers, spearheaded
a successful implementation of a new insurance company, provided
significant case management savings and helped implement broad-reaching
efficiencies in a number of areas of the Government. Thanks
to the 110% efforts by the staff of CBCA, results have been
beyond any expectations.”
About
CBCA
CBCA Inc.,
one of America’s largest independent benefit management
firms manages healthcare benefits plans on behalf of more
than 400 clients throughout the United States — serving
more than one million people in the U.S. and other countries,
and handling over $1 billion in claims, annually. CBCA services
— Care Management, Pharmacy Benefit Management, and
Plan Administration — focus on closing critical gaps
between patients, physicians, pharmacists, facility providers
and healthcare management professionals. This results in superior
communication, quality of care and cost savings at every point
in the health benefits management lifecycle. CBCA offers single-source
efficiency and national presence combined with local, highly
personalized and flexible service.
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