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Healthplace America Delivers the First and Only Surgery Benefit Management Solution Through the Healthplace Benefit(TM)

Friday, November 21, 2008 General News
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LISLE, Ill., Nov. 20 Healthplace America is pleased tointroduce Surgery Benefit Management to the healthcare industry. HealthplaceAmerica's flagship product, the Healthplace Benefit(TM), is the first and onlycomprehensive Surgery Benefit Management solution that delivers cost savingsto employer health plans while enhancing employee benefits with quality andsavings for surgery.
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Surgery accounts for $700 billion of today's $2.3 trillion annualhealthcare costs. Out of total surgeries, 75% are elective procedures, and upto one-third of those unnecessary.* In addition, costs are increasing fasterfor surgery than for many other managed health benefits, such as pharmacybenefits.+
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"While a range of products and services are available for employers tomanage their pharmacy costs and other health benefits, surgery costs andbenefits have remained generally unmanaged ... until now, with the HealthplaceBenefit(TM)," said Healthplace America CEO, Ken Erickson.

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

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

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

About Healthplace America:

Healthplace America was organized to provide cost, quality and experiencemanagement for the $700 billion surgery industry that has remained generallyunmanaged. Healthplace America is the first -- and only -- business to designand implement a comprehensive Surgery Benefit Management solution for healthplans through its flagship product, Healthplace Benefit(TM). When surgery isthe best treatment option, the Healthplace Benefit(TM) enables distinguishedmedical providers throughout the U.S. to compete to attract patients on thebasis of quality measures, convenience and price. In turn, institutionalhealthcare buyers gain access to high-quality medical facilities on afixed-rate pricing basis, eliminating the cost and complexity of billing andclaims adjudication and delivering significant savings as compared toprevailing negotiated costs of U.S. providers. What's more, HealthplaceAmerica provides all administrative, case management, travel and logisticsservices for each member utilizing the Healthplace Benefit(TM), resulting in aseamless connection between patients and providers.

Healthplace America is headquartered in suburban Chicago and currentlyholds additional offices in Indianapolis and Seattle. Learn more by visitinghttp://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 supportservices, 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.

SOURCE Healthplace America
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