Navigation Links
CareFirst Joins Partnership of Blues Plans as Owner of NASCO
Date:8/5/2009

Increases in Efficiency and Claims Processing Cost-Savings Expected

Baltimore, MD and Atlanta, GA (Vocus) August 5, 2009 -- CareFirst BlueCross BlueShield (CareFirst) today announced that it has received the required regulatory approvals for its investment as a full partner in National Account Service Company LLC (NASCO), joining the Blue Cross and Blue Shield Association, Blue Cross and Blue Shield of Michigan, Horizon Blue Cross and Blue Shield of New Jersey and WellPoint, Inc.

"One of the reasons we are interested in furthering our relationship with NASCO is the existing partnership of Blues plans," stated Chet Burrell, President and CEO of CareFirst. "It is through this unique, strategic partnership that we believe CareFirst can increase the efficiency of our claims processing function."

As part of its ownership, CareFirst has a seat on the NASCO Executive Committee, which serves as the governance board of the company. Burrell will serve as CareFirst's representative on the committee.

Beginning in July 2008, CareFirst has been consolidating its large group claims processing to the NASCO system. Once complete, NASCO will handle about 50 percent of CareFirst's overall membership. Large groups are defined as having 200 or more policyholders under an insurance plan.

"Having a voice at the NASCO table places CareFirst in a position of influence over how best to shape the direction of the company with our partners," said Burrell. "The ability to share technology, as well as intellectual and financial resources through NASCO is a significant advantage in an industry facing considerable change and a necessity to maximize the value of each dollar spent on the delivery of care."

NASCO has been providing health care claims and membership solutions for several Blue Cross and Blue Shield plans for over 20 years, and its single shared-system allows Blues plans to eliminate redundancy and leverage the costs of development and maintenance. NASCO's system is built to handle large volumes and complex business, which is essential to CareFirst. NASCO will handle claims processing for nearly 500,000 large group contracts for CareFirst by January 2010.

NASCO is committed to maximizing customer performance and lowering operational costs through its unique shared-system environment and consistently high performance. With the ability to automatically adjudicate high percentages of all claims processed, NASCO allows its customers to achieve greater overall efficiency and maximize their operational performance.

"CareFirst's decision to become an owner of NASCO further demonstrates the growing strength of NASCO's value proposition to Blue Cross and Blue Shield plans," said John Ladaga, President and CEO of NASCO. "Our solutions leverage true economies of scale, which is resonating with CEOs and CIOs across Blue Cross and Blue Shield plans. As Plans face economic challenges never before experienced, they are turning to proven, scalable and affordable solutions like ours."

About CareFirst
In its 72nd year of service, CareFirst, an independent licensee of the Blue Cross and Blue Shield Association, is a not-for-profit health care organization which, through its affiliates and subsidiaries, offers a comprehensive portfolio of health insurance products and administrative services to nearly 3.4 million individuals in Maryland, the District of Columbia and Northern Virginia. Through its CareFirst Commitment initiative and other public mission activities, CareFirst supports efforts to increase the accessibility, affordability, safety and quality of health care throughout its market areas.

About NASCO
NASCO got its start in Atlanta over 20 years ago when it partnered with several Blue Cross® and Blue Shield® Plans and the Blue Cross and Blue Shield Association to introduce an integrated membership and claims processing system for national accounts. Today, NASCO's capabilities extend to include support for individual, local and government business while its multitude of performance-based services help its Plan customers improve their operational efficiencies and reduce costs. Having processed over 1 billion claims, the NASCO Processing System is unsurpassed in the market for reliability, flexibility, scalability and operational performance. For more information, visit www.nasco.com.

Media Contacts:
CareFirst
Michael Sullivan
Director, Media Relations
CareFirst BlueCross BlueShield
410.528.7852

NASCO
Bob Meier
Director, Marketing and Communications
NASCO
678.441.0061

To learn more about CareFirst BlueCross BlueShield, visit: www.carefirst.com

# # #

Read the full story at http://www.prweb.com/releases/2009/08/prweb2722794.htm.


'/>"/>
Source: PRWeb
Copyright©2009 Vocus, Inc.
All rights reserved

Related medicine news :

1. MinuteClinic Becomes Participating Provider in All CareFirst BlueCross BlueShield Plans
2. National Award Recognizes Delmarva Foundation and CareFirst BlueCross BlueShield Quality Improvement Efforts
3. Memorial Blood Centers Joins Extreme Makeover: Home Edition As Designated Charity
4. FileTrail Joins With Lexmark To Offer End-to-End RFID-Enabled Item Management, Tracking, and Printing Solutions
5. Dr. Liza Solomon, HIV/AIDS Expert, Joins Abt Associates as Principal Associate in Companys Domestic Health Division
6. Andrew Allen joins Navvis & Company
7. Demi Lovato Joins National Bullying Prevention Movement
8. Omaha School of Massage Therapy Adds Healthcare Programs, Joins Herzing University, and Changes Name
9. Professor Bruce Beutler Joins aTyr Pharmas Scientific Advisory Board
10. F. Duwaine Townsen Joins SpectraScience Board of Directors
11. Mayor Menino Joins The Salvation Army to Celebrate the Groundbreaking of the Kroc Community Center
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/21/2017)... ... 19, 2017 , ... Chris Cornell, 52, was found dead on the night of Wednesday, May ... respected lead singers in the rock industry would take his own life, but the extremely ... how mental illness played a role in the death of Chris Cornell . , ...
(Date:5/21/2017)... ... May 21, 2017 , ... For ... a cross-disciplinary group of scholars, policymakers, and activists wanting to address equity issues ... is the third book from a recent series of from this conference. ...
(Date:5/19/2017)... ... 19, 2017 , ... In a continuous effort to raise awareness of autism ... company that specializes in natural and organic latex mattresses, has announced that they will ... unique share their recent viral Facebook video receives, up to $10,000.00. ...
(Date:5/19/2017)... (PRWEB) , ... May 19, 2017 , ... The Hill ... to families and entrepreneurs throughout the California Central Valley, is announcing a joint charity ... raising community support for a local kid’s camp event. , The Boys and Girls ...
(Date:5/19/2017)... ... , ... ML Billing, 2016 Billing Company of the Year , a ... group practices, is pleased to announce their 30th anniversary. Not only has ML Billing ... all aspects of full-service medical billing. This has allowed ML Billing to excel for ...
Breaking Medicine News(10 mins):
(Date:5/2/2017)...  George Clinical, a leading full-service CRO in the ... Oncology, a Memphis -based leader ... that George Clinical has acquired Vector Oncology,s Pharma Services (CRO) ... purpose of strengthening the ability of George Clinical ... throughout the Asia-Pacific , the ...
(Date:5/2/2017)... , May 2, 2017  Bayer and Project Apis ... from Healthy Hives 2020, a $1 million research effort to ... by the end of 2020. The grant ... Rueppell , University of North Carolina at Greensboro, who will ... bees; Dr. Edmund Stark , Michigan ...
(Date:4/28/2017)... 28, 2017  Hill-Rom Holdings, Inc. ("Hill-Rom") (NYSE: ... for its fiscal second quarter ended March 31, ... The company,s results and updated guidance reflect the ... which was completed on February 14, 2017.  ... earnings of $0.51 per diluted share compared to ...
Breaking Medicine Technology: