Press Releases 2009
Devon Health to Unveil Groundbreaking Cost-Containment Solution at SIIA Healthcare Conference
King of Prussia, PA – September 16, 2009 – Devon Health Services, Inc., a national healthcare cost management company and largest privately-owned Preferred Provider Organization (PPO) in the Northeast, will unveil its new cost-containment database service in booth #219 at the Self-Insured Institute of America (SIIA) National Educational Conference & Expo. The event will be held at the Orlando World Center Marriott Resort & Convention Center from September 21- 24.
Devon Health will demo its proprietary database of over $40 billion in paid claims that establishes benchmarks to determine fair market value for reimbursement of out-of-network claims. This groundbreaking approach is a must-see for self-insured entities and third-party administrators (TPAs). Features include 100% provider sign-off, up to 40% savings, up to 70% success rates, and complete transparency for clients.
“Since our inception in 1991, Devon Health has lowered healthcare costs and provided patients with widespread access to quality healthcare,” says Brian D. Atkinson, president of Devon Health. “Our new database of proprietary historical data of billed charges and Medicare reimbursement data help us work with providers to determine fair market value for healthcare claims that fall outside of coverage areas and typically go unpaid. Our approach makes sure providers are reimbursed fairly for service rendered and helps save organizations money on out-of-pocket expenses. We are anxious to share our technologies and services with healthcare industry thought leaders at SIIA.”
Please stop by booth #219 for a demonstration. Private media tours are also available. Interested parties who cannot attend SIIA can register for a private webinar tour at webinars@devonhealth.com.
Background on Devon Health Services, Inc.
Devon Health Services, Inc., is a national healthcare cost management company and the largest privately-owned Preferred Provider Organization (PPO) in the Northeast. The company works with partner networks, third-party administrators (TPA), self-insured organizations, and healthcare providers to increase access to quality, affordable healthcare. Devon Health offers complete healthcare benefit packages, including national and regional PPO networks, Pharmacy, Dental, Vision, Workers’ Compensation, and Motor Vehicle networks, and claims settlement services. Devon Health was founded in 1991 by John A. Bennett, M.D., an internal medicine physician, and is headquartered in King of Prussia, Pennsylvania.
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Background on the Self-Insured Institute of America (SIIA)
The Self-Insurance Institute of America, Inc. (SIIA) is a dynamic, member-based association dedicated to protecting and promoting the business interests of companies involved in the self-insurance/alternative risk transfer (ART) industry, both domestically and internationally. The conference boasts the largest attendance of any industry convention that is focused exclusively on the self-insured/alternative risk transfer market. For more information on the SIIA annual conference and to see a schedule of events, please visit http://www.siia.org.