Fiserv Health Signs Multi-Year Agreement with Aetna To Expand Aetna Signature Administrators(SM) to all Fiserv Health TPAs
Fiserv Health Signs Multi-Year Agreement with Aetna To Expand Aetna Signature Administrators(SM) to all Fiserv Health TPAs
August 25, 2005
Fiserv Health Signs Multi-Year Agreement with Aetna To Expand Aetna Signature Administrators(SM) to all Fiserv Health TPAsMINNEAPOLIS--Aug. 25, 2005--Fiserv Health, an operating group of Fiserv, Inc. (Nasdaq:FISV), today announced it signed a multi-year agreement with Aetna to expand access to Aetna's PPO network and stop-loss services to each of the Fiserv Health third-party administrators (TPAs). Last year, Aetna had selected Wausau Benefits, a Fiserv Health company, as one of the first Aetna Signature Administrators(SM), an initiative directed at self-funded employers who traditionally use TPAs to manage their employee benefit plans. The expanded multi-year agreement will extend to Benesight, Harrington, Benefit Planners, Administrative Services Group, and Fiserv Health--Kansas.
Effective immediately, Fiserv Health TPAs will offer Aetna's national PPO provider network as well as its stop-loss reinsurance to its prospective and existing customers nationwide.
"We are pleased with how well the collaboration between Wausau Benefits and Aetna worked over the past year," said Jim Cox, president of Fiserv Health. "We are delighted to expand this agreement nationwide. This is an excellent value proposition for our customers--providing them access to the Aetna PPO along with the efficient and accurate administration they've come to expect from our Fiserv Health companies."
Fiserv Health provides a full array of independent health plan management, claims processing and administration services for managed care and self-funded medical, dental, vision and disability plans. Fiserv Health has five national brands for health plan administration: Benefit Planners, Benesight, Fiserv Health Kansas, Harrington Benefit Services and Wausau Benefits. These units offer health plan management, pharmacy benefits management and BPO services to the managed care market and self-funded commercial and government employers and health plans. The Fiserv Health group also includes: Innoviant, a pharmacy benefits administrator; Innoviant Pharmacy, a pharmacy services provider; Administrative Services Group Inc. (ASGI), an employee benefit consulting and administrative firm; Avidyn Health, a care management company; Third Party Solutions, a workers compensation prescription and durable medical equipment provider; and DirectCompRx, a workers compensation prescription care management company. Find out more at www.fiservhealth.com.
Fiserv, Inc. (Nasdaq:FISV) provides information management systems and services to the financial and health benefits industries, including transaction processing, outsourcing, business process outsourcing and software and systems solutions. The company serves more than 16,000 clients worldwide, including banks, credit unions, financial planners/investment advisers, insurance companies and agents, self-funded employers, lenders and savings institutions. Headquartered in Brookfield, Wis., Fiserv reported $3.4 billion in processing and services revenues for 2004. Fiserv was ranked the largest provider of information technology services industry in the 2004 FinTech 100 survey by the American Banker newspaper and the Financial Insights research firm. Fiserv can be found on the Internet at www.Fiserv.com.
As one of the nation's leading providers of health care, dental, pharmacy, group life, disability and long-term care benefits, Aetna puts information and helpful resources to work for its approximately 14.435 million medical members, 13.976 million dental members, 9.117 million pharmacy members and 12.662 million group insurance members to help them make better informed decisions about their health care and protect their finances from health-related risks. Aetna provides easy access to cost-effective health care through a nationwide network of more than 684,000 health care professionals, including over 405,000 primary care and specialist doctors and 4,135 hospitals. For more information, please visit www.aetna.com (Figures are as of June 30, 2005)
Effective immediately, Fiserv Health TPAs will offer Aetna's national PPO provider network as well as its stop-loss reinsurance to its prospective and existing customers nationwide.
"We are pleased with how well the collaboration between Wausau Benefits and Aetna worked over the past year," said Jim Cox, president of Fiserv Health. "We are delighted to expand this agreement nationwide. This is an excellent value proposition for our customers--providing them access to the Aetna PPO along with the efficient and accurate administration they've come to expect from our Fiserv Health companies."
Fiserv Health provides a full array of independent health plan management, claims processing and administration services for managed care and self-funded medical, dental, vision and disability plans. Fiserv Health has five national brands for health plan administration: Benefit Planners, Benesight, Fiserv Health Kansas, Harrington Benefit Services and Wausau Benefits. These units offer health plan management, pharmacy benefits management and BPO services to the managed care market and self-funded commercial and government employers and health plans. The Fiserv Health group also includes: Innoviant, a pharmacy benefits administrator; Innoviant Pharmacy, a pharmacy services provider; Administrative Services Group Inc. (ASGI), an employee benefit consulting and administrative firm; Avidyn Health, a care management company; Third Party Solutions, a workers compensation prescription and durable medical equipment provider; and DirectCompRx, a workers compensation prescription care management company. Find out more at www.fiservhealth.com.
Fiserv, Inc. (Nasdaq:FISV) provides information management systems and services to the financial and health benefits industries, including transaction processing, outsourcing, business process outsourcing and software and systems solutions. The company serves more than 16,000 clients worldwide, including banks, credit unions, financial planners/investment advisers, insurance companies and agents, self-funded employers, lenders and savings institutions. Headquartered in Brookfield, Wis., Fiserv reported $3.4 billion in processing and services revenues for 2004. Fiserv was ranked the largest provider of information technology services industry in the 2004 FinTech 100 survey by the American Banker newspaper and the Financial Insights research firm. Fiserv can be found on the Internet at www.Fiserv.com.
As one of the nation's leading providers of health care, dental, pharmacy, group life, disability and long-term care benefits, Aetna puts information and helpful resources to work for its approximately 14.435 million medical members, 13.976 million dental members, 9.117 million pharmacy members and 12.662 million group insurance members to help them make better informed decisions about their health care and protect their finances from health-related risks. Aetna provides easy access to cost-effective health care through a nationwide network of more than 684,000 health care professionals, including over 405,000 primary care and specialist doctors and 4,135 hospitals. For more information, please visit www.aetna.com (Figures are as of June 30, 2005)