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Healthplace America Delivers the First and Only Surgery Benefit Management Solution Through the Healthplace Benefit(TM)
Date:11/20/2008

LISLE, Ill., Nov. 20 /PRNewswire/ -- Healthplace America is pleased to introduce Surgery Benefit Management to the healthcare industry. Healthplace America's flagship product, the Healthplace Benefit(TM), is the first and only comprehensive Surgery Benefit Management solution that delivers cost savings to employer health plans while enhancing employee benefits with quality and savings for surgery.

Surgery accounts for $700 billion of today's $2.3 trillion annual healthcare costs. Out of total surgeries, 75% are elective procedures, and up to one-third of those unnecessary.* In addition, costs are increasing faster for surgery than for many other managed health benefits, such as pharmacy benefits.+

"While a range of products and services are available for employers to manage their pharmacy costs and other health benefits, surgery costs and benefits have remained generally unmanaged ... until now, with the Healthplace Benefit(TM)," said Healthplace America CEO, Ken Erickson.

The Healthplace Benefit(TM) supplements employer's health plans with world-class U.S. healthcare facilities and surgeons who offer low, fixed-rate pricing in order to attract pre-paid patients from around the country. As a result, employers typically realize 30%-50% savings on major medical procedures -- such as heart surgery, joint replacement, spine surgery, cancer care, bariatric surgery and more -- while reducing re-admission and re-operations through high-quality outcomes the first time around. Additional cost savings are realized by eliminating unnecessary procedures with a unique Expert Opinion Program, included in the Healthplace Benefit(TM).

What's more, with the Healthplace Benefit(TM), health plan members share in the savings with no co-pays, deductibles or coinsurance while receiving superior medical care.+ And in many cases, members receive a cash incentive that translates into significant personal out-of-pocket savings.

Healthplace America will continue to shake up the healthcare world as it rolls-out additional Surgery Benefit Management solutions. Find out how easy it is to implement the Healthplace Benefit(TM) into existing health plans by logging on to http://www.healthplaceamerica.com today!

About Healthplace America:

Healthplace America was organized to provide cost, quality and experience management for the $700 billion surgery industry that has remained generally unmanaged. Healthplace America is the first -- and only -- business to design and implement a comprehensive Surgery Benefit Management solution for health plans through its flagship product, Healthplace Benefit(TM). When surgery is the best treatment option, the Healthplace Benefit(TM) enables distinguished medical providers throughout the U.S. to compete to attract patients on the basis of quality measures, convenience and price. In turn, institutional healthcare buyers gain access to high-quality medical facilities on a fixed-rate pricing basis, eliminating the cost and complexity of billing and claims adjudication and delivering significant savings as compared to prevailing negotiated costs of U.S. providers. What's more, Healthplace America provides all administrative, case management, travel and logistics services for each member utilizing the Healthplace Benefit(TM), resulting in a seamless connection between patients and providers.

Healthplace America is headquartered in suburban Chicago and currently holds additional offices in Indianapolis and Seattle. Learn more by visiting http://www.healthplaceamerica.com or call toll-free 1-877-858-0123.

Healthplace America is funded in part by Ziegler HealthVest Partners, LP, a venture capital fund investing in early to middle-stage healthcare support services, healthcare IT and wellness.

     * Rand and Dartmouth estimate up to 33% of elective surgeries are
       unnecessary, with surgery costs increasing by 13% per year vs. 9% for
       pharmacy costs.
     + May vary at discretion of employer.

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SOURCE Healthplace America
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