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Bedminster, NJ, May 5, 2008
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Hi-Tech Health has partnered with PHX, a leader in
health plan cost management, to offer the PHX solution
to all Hi-Tech Health users.
PHX provides the industry's most integrated
comprehensive solutions with robust and state-of-the-art
technology for reducing health plan costs, mitigating
risk, by assisting in managing and predicting current
and potential healthcare costs. PHX will enhance Hi-Tech
Health's core product and services currently available
to users by increasing client capabilities and enabling
more effective cost management strategies and tools
available through PHX's cost management approach.
PHX's one step, comprehensive process, is completely
automated and seamless with Hi-Tech Health's platform.
PHX's solution combines claims editing, fraud and abuse
detection, clinical bill review and audit,
out-of-network claims negotiations, access to various
best in class networks, claims trend analysis and
superior reporting abilities for maximum results.
"With the constant changes and increased cost in
managing healthcare claims, PHX is the perfect
complement to Hi-Tech Health's current offerings,"
stated Robert C. Malone, PHX President and CEO. "We are
proud to partner with Hi-Tech Health to provide their
clients with extensive cost management capabilities to
help payors continue their tradition of innovative and
effective service. PHX would be the partner Hi-Tech
Health's clients can trust as their vendor as well as
consultant by supplying expertise and knowledge that
delivers results as is pertains to advanced cost
management solutions for health plans. "
"We are constantly looking to provide our clients with
best-in-class services", said Michael Carrara, President
Hi-Tech Health. "We believe PHX will allow our clients
to significantly reduce medical claim costs and help to
compete with larger entities without adding fixed
operational costs."
About PHX
PHX delivers
advanced cost management solutions for health plans. The
company combines claim processing automation with
professional services to deliver a centralized approach
to cost management, increasing savings in both the near
and long term while dramatically reducing errors and
turnaround time. The firm's solutions are used by a
number of the industry's leading insurance companies,
Health Maintenance Organizations (HMOs), and Third Party
Administrators (TPAs). Services included in the PHX
solution include bill review and audit, secondary
repricing/claims negotiations, fraud and abuse
detection, and health benefits trend analysis and
reporting. All services are handled in-house for maximum
privacy and legal and regulatory compliance. PHX also
supplies full technology implementation, training and
support for quick, seamless integration into any
organization. Visit
www.phx-online.com
for more information.
About Hi-Tech Health
Hi-Tech Health is committed to providing innovative
technological solutions in the Benefit Administration
Industry. We are committed to creating the best
solutions through our technical ingenuity and
creativity, our pursuit of excellence, and our
responsiveness to our clients needs. We seek to develop
long term partnerships with other service providers that
will enable our clients to grow and prosper in an ever
changing technological environment, by providing
solutions carefully tailored to meet each client's
specific need. Through a combination of in-house and
partnered services we expect to become the unquestioned
market leader in our segment. Visit
www.Hi-Tech Health.com for additional information.
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