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Beech Street Corporation Releases 2003 Year End Results
About Beech Street Corporation
Beech Street Corporation has over 52 years of qualified service in the healthcare industry and has a network of over 358,000 respected doctors, 3,400 hospitals and over 50,000 ancillary network providers.
Beech Street provides services such as nationwide network access, URAC accredited and NCQA (National Committee for Quality Assurance) certified healthcare management services, a Disease Management program and a Workers' Compensation program.
For more information, contact Beech Street Corporation at (800) BEECH-ST or visit www.beechstreet.com.
Significant Network Savings, Growth, and High ROI for Healthcare Management Services
March 15, 2004.
Beech Street Corporation, the nation's leading independently owned Preferred Provider Organization (PPO), announced today significant increases in both network growth and savings in 2003.
Beech Street clients saved over $1.5 billion in 2003. The significant savings stem from the growth of the network to over 380,000 physicians and 3,500 hospitals coupled with average provider savings of 35%.
"Beech Street continues to set the industry standard in providing quality, cost-effective healthcare solutions, and our numbers show it," said Bill Hale, President and CEO of Beech Street. "With the addition of our new Disease Management program and Fee Negotiation services, coupled with the overwhelming provider response to the Accelerated Payment Program, we have positioned the company as a favored strategic partner within the healthcare industry."
In addition to network expansion and savings, Beech Street also announced year end results for its highly acclaimed Healthcare Management programs. URAC accredited since 1994, Beech Street's Utilization Management programs saved its clients over 30,000 inpatient days in 2003. Case Management clients experienced a hard dollar return on investment of 7:1. Beech Street's Healthcare Management programs were recertified by NCQA in 2003.
With the launch of new product offerings in 2004, such as a comprehensive Disease Management program, the Accelerated Payment Program, and Fee Negotiation services, Beech Street is positioned as the total cost containment solution within the healthcare industry. For more information, contact Beech Street Corporation at (800) BEECH-ST.