Navigation Links
Standard & Poor’s Affirms Horizon Blue Cross Blue Shield of New Jersey’s Credit Rating of “A” - Affirmation Follows Review Under Revised Insurance Criteria
Date:7/10/2013

Newark, NJ (PRWEB) July 10, 2013

On July 1, Standard & Poor’s (S & P), a leading provider of investment and credit opinions to global capital markets, reaffirmed Horizon Blue Cross Blue Shield of New Jersey’s financial rating of “A” following a review under its revised insurance criteria. The Standard & Poor’s affirmation was a result of the company’s very strong balance sheet, leading market share and stable earnings.

The Standard & Poor’s report indicated, “The ratings on Horizon BCBSNJ reflect our assessment of its business risk profile as strong and financial risk profile as very strong, reflecting a strong competitive position.” The ratings agency went on to state in its report that “the company's strong knowledge of its core market gives it a competitive advantage that enables it to retain or boost its market share.”

The report also noted that Horizon BCBSNJ’s management team “exercises prudent control over operations by maintaining financial strength, lowering administrative costs, expanding and optimizing network provider relationships, and improving systems technology platforms to support its entire product line.”

“Standard and Poor’s rating demonstrates our commitment to financial stability and accountability to our customers,” said Robert A. Marino, Chairman and CEO, Horizon BCBSNJ. “Our customers look to us for financial security and peace of mind with respect to health care. This rating is evidence they can continue to trust us to be there for them when they need us.”

“We work hard to manage our finances to provide stability and security for our customers, so it is gratifying when Standard & Poor’s acknowledges our strong financial condition,” added David Huber, Senior Vice President, Chief Financial Officer, and Treasurer of Horizon BCBSNJ.

Standard & Poor’s also noted in its report that “the strong business profile assessment incorporates our view that Horizon BCBSNJ has a strong competitive position that is augmented by the Blue Cross Blue Shield brand in both commercial and government-sponsored health plans (Medicare Advantage and Medicaid).”

##

About Horizon Blue Cross Blue Shield of New Jersey
Horizon Blue Cross Blue Shield of New Jersey, the state’s oldest and largest health insurer, is a tax-paying, not-for-profit health services corporation, providing a wide array of medical, dental, and prescription insurance products and services. Horizon BCBSNJ is an independent licensee of the Blue Cross Blue Shield Association, serving 3.6 million members with headquarters in Newark and offices in Wall, Mt. Laurel, and West Trenton. Learn more at http://www.HorizonBlue.com.

Read the full story at http://www.prweb.com/releases/2013/7/prweb10916869.htm.


'/>"/>
Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Related medicine news :

1. ISFR-IOF experts propose standardized measurements of clinical outcomes in wrist fractures
2. JPL Insurance Services Prepares Local Childcare Centers for Safety Standard Changes across the Country
3. Study finds cancer guidelines do not fully meet IOM standards
4. Collaborative Innovation Between CDISC and IMI Facilitates Development of Global Standards
5. A2LA Offers Training Course on the ISO/IEC 17065 Standard for Product Certification Bodies
6. This Able Veteran ‘Closing the Gap’ with its Standards-Setting PTSD Service Dog Trauma Recovery Program
7. The FDA Raises Safety Standards for Autoclaves; Saniclave 200 Meets and Surpasses New Safety Standards
8. Hastings Center calls on health care professionals and organizations to meet standards for good care near the end of life
9. Stealth Electric Bikes Enhances High Performance Upgrades and New Standard Features for Spring 2013 Release
10. Renewable Cleaning - Educational Website Supports ISSA Clean Standard
11. Standard CT protocol for trauma patients leads to overutilization of imaging
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:12/2/2019)... (PRWEB) , ... December 02, 2019 , ... ... unsurpassed efficiency and flexibility to the Sterile Processing Department. The elegant design provides ... clean. The P1000 has downward sliding doors that allow for manual loading that ...
(Date:11/30/2019)... ... November 29, 2019 , ... ... and honored customs, teachers aren’t focusing on the potential for academic backslide but ... picking up their textbooks or logging into GoogleClassroom as often during the break ...
(Date:11/27/2019)... , ... November 27, 2019 , ... ... environment—targeting the human sense of smell has a far deeper reach. Aroma travels ... essence can have hugely beneficial effects on both consumers and workers. The human ...
(Date:11/23/2019)... ... November 22, 2019 , ... ... designed to improve the quality and safety of medical diagnoses. Bipartisan legislation, Improving ... Ben Ray Luján (D-NM) and Rep. Gus Bilirakis (R-FL) on November 13. , ...
(Date:11/23/2019)... (PRWEB) , ... November 23, 2019 , ... The potential ... complex information, store memories, as well as strategize and plan. In a world of ... to deliberate carefully before taking action should be praised, should it not? But even ...
Breaking Medicine News(10 mins):
(Date:11/30/2019)... ... November 29, 2019 , ... ... screening, that uses deep learning algorithms to automatically detect potential breast cancer in ... Society of North America (RSNA) meeting, December 1-6, 2019 (ScreenPoint Medical, South Hall ...
(Date:11/30/2019)... ... November 29, 2019 , ... In the United States, we regard ... reviews, and media, there is no shortage of phenomenal restaurants for guests to visit. ... talent in the world. Christian Bowman, Chef to NBA All-Stars and celebrities, is a ...
(Date:11/27/2019)... Calif (PRWEB) , ... November 27, 2019 , ... ... with Urea to help those suffering from extreme dry skin disorders. Urea ... This holy grail ingredient provides intensive hydration to restore moisture balance for consumers ...
Breaking Medicine Technology: