Aetna Signature Administrators and CoreSource Extend Relationship
Self-insured CoreSource customers and members benefit from Aetna’s national PPO network
HARTFORD, Conn., August 25, 2011 — Aetna (NYSE: AET) has extended its contract with CoreSource, one of the nation's leading administrators of self-insured employee benefit plans. The agreement will provide CoreSource’s customers and members with access to Aetna’s broad national PPO network. Through its Aetna Signature Administrators (ASA) business, Aetna has established strong relationships with a select number of third-party administrators (TPAs) to provide their self-insured customers with a number of services including network services and management, stop loss insurance, and medical management. “With health care reform, we expect the employer market for self-insured health plans to expand over the next several years. Our partnership with CoreSource complements our strategy to compete effectively and extend our reach in this space,” said Ralph Borzillo, Vice President of Aetna Signature Administrators. “CoreSource has been an Aetna Signature Administrator since 2004 and, as our largest TPA relationship, has been integral in helping us achieve growth in the self-insured space. The contract extension demonstrates our long term commitment to our relationship with CoreSource as an Aetna Signature Administrator.” Aetna Signature Administrators (ASA) works with leading TPAs to provide network and medical management services that complement the TPA’s administrative capabilities. Aetna provides Stop Loss insurance coverage for the employer group, handles claims pricing, contracts with plan sponsors to provide access to the PPO network, provides network services and management, resolves contract issues, and oversees large case medical management. The TPA, in turn, handles sales, client management, claims processing, provides customer service, designs plans, and manages precertification using Aetna standards and approved criteria. “We’re pleased to be able to provide our customers and members with access to Aetna’s broad national PPO network,” said Nancy Eckrich, President and CEO of CoreSource. “Health care reform is driving greater interest in self-insured plans. Aetna’s ability to provide access to quality doctors, hospitals, and medical management, all at an affordable price, allows us to meet the unique needs of the post-reform marketplace.” About Aetna About CoreSource |