VIIAD Systems, LLC Maintains Ongoing Partnership
with MagnaCareSM Health Plan Solutions to Extend
vNetwork® Coverage
NEWTOWN, PA - November 26, 2007 - VIIAD Systems, LLC, a company dedicated to bringing cost control to the healthcare system, today announced its ongoing partnership with MagnaCare Health Plan Solutions. The partnership, effective since October 2006, includes MagnaCare in VIIAD’s innovative vNetwork®.
MagnaCare is a health plan management company serving a variety of organizations. By partnering with VIIAD, vNetwork® can better meet clients’ needs and offer higher quality, more cost-effective coverage. MagnaCare has extensive experience in the healthcare benefit marketplace, including self-insured health benefit plans, Taft-Hartley funds, third party administrators, workers' compensation and no-fault Payors, and municipalities. With more than 59,000 Provider locations, 4,600 hospitals in all 50 states, including approximately 177,000 primary care physicians and nearly 333,000 specialists, MagnaCare brings valuable resources to vNetwork®, ensuring enormous benefits for Providers, Payors, and Members alike.
About vNetwork®
VIIAD’s customizable vNetwork® contains the strongest Local and Regional PPOs. When used together, these PPOs provide national coverage. TPAs, employers, and Payors can now gain legal access to the deepest possible discounts by geographically tailoring the vNetwork®. vNetwork® is yet one more way VIIAD delivers choice without compromise.
About VIIAD Systems, LLC
Founded in 2006, VIIAD Systems, LLC, is dedicated to bringing cost control to the healthcare and workers’ compensation insurance industries by eliminating inefficiencies, improving compliance, streamlining administration, and preventing fraud. VIIAD (Virtual Interactive Identification and Direction) is a patent-pending technology and business methodology platform that enables Payors (health and workers’ compensation insurance companies, self-insured businesses, third-party administrators) to customize their networks in order to achieve optimal coverage and superior discounts as they channel plan members along the most cost-effective path available, while assuring contractual and regulatory compliance.
For more information on VIIAD, visit www.VIIAD.com.
Contact:
April Stiles, Chief Operating Officer
1-866-49-VIIAD (1-866-498-4489)
vNetwork® is a registered service mark of VIIAD Systems, LLC.
© 2007 VIIAD Systems, LLC.