Fallout from the "new economy": claims payment slower than ever


With investors moving their money from health care to technology over the last few years, the cash stash that some for-profit systems had enjoyed has shriveled. A new InterStudy Publications report says HMOs relied heavily on investor funds during the 1990s to cover medical and operational expenses, and premiums alone were not enough. The resulting cash crunch means health plans are taking longer than ever to pay claims.

SOURCE: HMO FINANCIAL BENCHMARKING GUIDE, INTERSTUDY PUBLICATIONS, BLOOMINGTON, MINN., 2000

Career Opportunities

HAP, a subsidiary of Henry Ford Health System, is a nonprofit health plan providing coverage to individuals, companies and organizations. This executive develops strategies to meet membership and revenue targets through products, pricing, market segmentation and advertising.  Aligns business among Business Development, Commercial Sales, Medicare and Public Sector Programs and Product Development. Seeks to enhance and be responsible for business development and expansion through the development of an effective product portfolio, strong interpersonal relationships and service excellence.

Apply via email to jfedder1@hfhs.org or online at http://p.rfer.us/HENRYFORDlXqAJA

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