Integrated Workers' Compensation/Managed Care Product Announced for Mid-Market and Large Employers

Strategic Insights -

Reliance Reinsurance of Philadelphia and OccuCare USA, a subsidiary of Managed Care USA, Inc., have jointly announced the introduction of an integrated workers' compensation/managed care product designed for mid-market and large employers. The product, which is currently available in 10 states, combines traditional reinsurance with primary insurance programs and managed care services to promote rapid recovery and return-to-work of injured employees. Participating employers agree to improve workplace safety and establish transitional assignments that permit early return to work.

Key Takeaways:

  • The integrated product is designed for mid-market and large employers and is currently available in 10 states: North Carolina, South Carolina, Tennessee, Virginia, Pennsylvania, Mississippi, Kentucky, Indiana, Arkansas, and Alabama.
  • Reliance Reinsurance will provide preferred pricing, enabling OccuCare USA to better compete for large account business.
  • The product aims to promote rapid recovery and return-to-work of injured employees through managed care services, including telephonic and on-site case management, treatment and return-to-work plans, utilization review, and bill review.
  • Participating employers will agree to improve workplace safety and establish transitional assignments that permit early return to work.
  • Manager Care USA serves over 4,500 clients in 34 states, with its primary focus on the Southeast and Mid-Atlantic regions, and is expected to approach $100 million in revenues in 1998.

Statistics:

  • The product is currently available in 10 states.
  • Reliance Insurance Company has a rating of A- (excellent) by A.M. Best Company.
  • Reliance Group Holdings' total 1997 revenues were $3.4 billion and assets at year-end were $11.3 billion.
  • OccuCare USA's revenues are expected to increase with the introduction of this new product.
  • Managed Care USA manages over 4,500 clients in 34 states.

Sources:

  • PRNewswire
  • Reliance Reinsurance
  • OccuCare USA
  • Managed Care USA, Inc.
  • A.M. Best Company
  • Reliance Group Holdings, Inc.