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• Self-Insured Group Health Plans, Stop-Loss Insurance and Adverse Selection.
• The New Face of Chronic Care Management.

MagnaCare in the News

• Self Funded Employee Benefits: No Longer Reserved for Large Companies Only--California Broker—November 20, 2010—A growing number of smaller companies, with 100 to 1,000 employees, are beginning to give the self-funded employee benefit plan a second glance. Why? It is proving to be an excellent option, since it allows for greater cost controls now and for the future. Read more from Joe Berardo, the President and CEO of MagnaCare, about the advantages of self-funding, how to get started, the importance of receiving comprehensive data, and the need to find the right partner.
• Why More Small Companies Are Turning to Self-Funded Employee Benefits—Producers eSource—December 2010—A growing number of smaller companies have begun to adopt self funded employee benefit plans to help curb escalating costs. Read more from Joe Berardo, the President and CEO of MagnaCare, on the best ways for brokers and consultants to discuss the advantages of self funding and other important considerations for a successful implementation.
• Agents, Brokers in Small Group Market Focus on Replacing Lost Commission Income—BestWire Services—October 11, 2010—In light of health care reform, agents and brokers are facing a variety changes to their business. Read about the challenges affecting their revenue streams, and the thoughts of Joe Berardo, The President and CEO of MagnaCare.
• More Consultant Fees, Fewer Commissions Could Follow US Health Reform--BestWire Services—October 18, 2010—More employers may turn to self insuring their employees’ health benefits in the wake of health care reform, which likely means more business for consultants and less commission for brokers. Read more about this changing environment and the thoughts of industry leaders, including Joe Berardo, the President and CEO of MagnaCare.
• The Hole in the Ceiling Leaks Upward—National Underwriter—September 9, 2010—As part of the Patient Protection and Affordable Care Act, lifetime benefit maximums are being phased out. Insurers, self funded organizations, and stop loss carriers are all redefining their plans. Read Joe Berardo’s thoughts on the impacts of healthcare reform.
• Companies of All Sizes Now Embrace Self-Funding Employee Benefit Plans—Self Funding Magazine—August 6, 2010—“For many years, a self funded employee benefit plan was an option that only made sense for large companies. Today, in the wake of the Patient Protection and Affordable Care Act (PPACA) and market changes, self-funding becomes an attractive option for small companies…” Learn more about self-funding and other strategies for small companies to control healthcare costs from Joe Berardo, the President and CEO of MagnaCare.
• Health Care Reform Creates Opportunities for Corporate Health and Wellness Strategies—Employee Benefit Plan Review—July, 2010—“It is time to cut costs, improve productivity, and lower claims costs. The health care reform act gives small companies an opportunity to create wellness and prevention programs as part of cost cutting initiatives, but they must also put efforts into controlling chronic illness and adopting data analytics technology to ensure long term success,” according to Joe Berardo, the President and CEO of MagnaCare. Read Joe’s thoughts on the need to invest in workforce health and wellness as a key part of an effective health care strategy.
• Healthcare Cost Crisis May Be on the Small Business Horizon—The Employee Benefit Advisor—July 16, 2010—What are the issues facing small businesses in light of health care reform? How can businesses maximize the value of their health care dollars? Listen to the thoughts of Joe Berardo, MagnaCare’s president and CEO as he discusses these and many other impacts of health care reform.
• Hewitt Acquisition Signals Support for Broker Business Model—Employee Benefit Advisor—July 20, 2010—Aon Corporation’s recently purchased Hewitt Associates, forming Aon Hewitt. What will this mean for employers who utilize the services of these two companies, for competitors that compete for the same client base, and for the industry overall? Read about the thoughts of a number of industry experts, including Joe Berardo, the President and CEO of MagnaCare.
• MagnaCare’s Predictive Analytics Tool Fuels Northeast Market Growth—Predictive Modeling News—May, 2010—According to Joe Berardo, the President and CEO of MagnaCare, “As health care costs continue to rise, it is no longer sufficient to rely on network discounts or disease management to control costs. It is becoming increasingly evident that that self-insured plan sponsors must proactively manage chronic conditions.” Read Joe’s thoughts on the importance of predictive modeling tools, such as Evaluaide^sm, for identification of at risk members, management of chronic conditions, and improvement in the quality of members’ health.
• The Self Insurer—May, 2010—A growing number of health plans and self insured plan sponsors understand the wisdom of including workforce wellness and prevention in their health care initiatives. Given the increased economic pressures and the implementation of health care reform, organizations need to begin using data analytic tools to optimize members’ health and bring costly chronic diseases under control, with better quality and more cost–efficient care. Joe Berardo, the Chief Executive Officer and President of MagnaCare, offers his thoughts in article that was published in the May, 2010 issue of "The Self Insurer."
• Health Secretary Explains New Law—Health and Human Services Secretary Kathleen Sebelius was the keynote speaker at a symposium sponsored by the Business and Labor Coalition of New York (BALCONY) on the status of health care reform. Amongst the speakers sharing their insights was Joe Berardo, MagnaCare’s CEO and President. Click here to view Joe’s presentation and those of all the speakers. Also view brief interviews with Secretary Sebelius and Joe, which were aired on NY1.
• Four Essential Pieces of the Health Care Reform Puzzle: Population Data, Incentives, Provider Reimbursements, and Technology—Managed Care Outlook, April 1, 2010—The debate over health care reform shows no signs of slowing down. Is everything being done that needs to be done? Read Joe Berardo’s insights into what needs to be done to control chronic illness, revamp the reimbursement model, and exploit technology.
• MagnaCare looks Upstate, into WNY—Business First of Buffalo, March 19, 2010--MagnaCare has begun an effort to expand geographically, with Western New York among its target markets. Read about MagnaCare’s position in the Buffalo-Western New York area and its plans for further growth in the region.
• Betting on a Good Cause—Advertising Age, February 2, 2010 - What started out as a bet at a holiday party turned into a win-win situation for a sick child and the Make-a-Wish Foundation of New Jersey. Read about MagnaCare’s “5,000 Fan Challenge” and the power of social media.

News Releases

• MagnaCare Partners with Coventry Health Care, Expands Workers’ Compensation Access to Network in New York State—November 12, 2010— An agreement between MagnaCare and Coventry Workers’ Comp Services, a division of Coventry Health Care, Inc., will make the MagnaCare provider network available to new and existing Coventry clients in the State of New York, beginning in November 2010. Read more about this partnership and the thoughts of Steve Kokulak, MagnaCare’s Vice President of Workers’ Compensation and No Fault.
• MagnaCare Symposium Outlines Strategies for Labor and Commercial Payors, Brokers, Consultants and Employers to Navigate Complexities of Healthcare Reform—September 15, 2010--Paving the way for labor and commercial payors, brokers, consultants and employers to effectively respond to and leverage The Patient Protection and Affordable Care Act, MagnaCare today presents “A Symposium on Healthcare Reform.” Ted Kennedy, Jr., president of Marwood Group, and Joseph Berardo Jr., CEO of MagnaCare, as well as other healthcare thought leaders, emphasize the importance of “knowing your numbers” and how predictive modeling and sound chronic condition management can help provide a foundation to promote wellness, maximize long-term member health, and minimize claim costs.
• MagnaCare Selected for Prestigious “Modern Healthcare’s 2010 Best Places to Work in Healthcare”—September 9, 2010—MagnaCare is honored to be one of only two New York based companies to receive recognition as an outstanding employer in the national healthcare industry. The award, which largely is based on employee feedback, analyzes companies based upon leadership and planning, culture and communications, role satisfaction, working environment, relationships with supervisors, training and development, pay and benefits, and overall satisfaction. Read more about this award and, according to Joe Berardo, MagnaCare’s president and CEO, “the high level of employee satisfaction and the incredible strides we have achieved in employee development and retention.”
• MagnaCare Launches Social Networking Initiatives to Advance “Care Right Here,” Extends Corporate Commitment to Personal and Community Health—July 12, 2010—MagnaCare’s ongoing social networking campaigns are successfully raising awareness of the importance of personal health improvement and preventive care, emphasizing issues that sometimes fall between the cracks of larger causes, and advancing the MagnaCare commitment to “Care Right Here.” The MagnaCare Facebook campaigns are designed to generate consumer and industry involvement, connect people to the MagnaCare Web site, and help them to stay in touch. Read more about how social networking is working for MagnaCare, its members and stakeholders.
• MagnaCare President and CEO, Joseph Berardo Jr., Leads Discussion on Strategies to Bolster Managed Care Industry—June 22, 2010-- Joseph Berardo Jr., president and CEO of MagnaCare, will present “Innovations in Provider Payment and Incentives” at the Corporate Research Group’s Managed Healthcare Industry Forum: How Health Plans Can Survive Reform on Monday, June 28, 2010, at the Millennium UN Plaza Hotel in Manhattan. Read more about Joe’s innovative thoughts on successfully competing in the post-reform environment.
• MagnaCare Expands Marketing Team to Maximize National Brand Launch-- May 24, 2010 – MagnaCare announces two key additions to its marketing team as the company focuses on expanded brand recognition initiatives. Bryan Irland, former managing partner of Icehouse Events Marketing and a resident of Long Branch, NJ, was named vice president of marketing; Tisa Corona, previously a project manager of Icehouse Events and a resident of St. Louis, Mo, is marketing manager. Read more about MagnaCare’s future marketing plans.
• Re-Thinking Network Relationships for Worker’s Comp & Auto No-Fault: Large Carriers Choose MagnaCare for Deeper Discounts, Service, Streamlined Operations--April 20, 2010--Pointing to the accelerated interest among large insurance carriers, self insured workers’ compensation and no-fault payers to implement relationships with nimbler, more flexible organizations offering deeper discounts, MagnaCare (www.magnacare.com) points to the importance of also delivering highly personalized customer service. Read more about MagnaCare’s emergence as an innovative leader in this competitive arena.
• Moving to Patient-Focused, Consumer-Centric Health Care: MagnaCare’s Evaluaide^SM Impacts Individual Health, Lowers Cost Trends for Employers—May 18, 2010--At a time when patient-focused, consumer-centric health care is being hailed as the key to improved individual health and lower health care cost trends, MagnaCare’s Evaluaide^SM (www.magnacare.com/clients/evaluaide.aspx) emerges as a proven health management platform that leverages sophisticated data analytics with personalized health advocacy and coaching. Read more about MagnaCare’s plans to focus on the next phase of clinical care tools and behavior support resources necessary to impact the health status of any population.
• MagnaCare Leads Donor Campaign for “Soldier Socks”: One Dollar For Every Fan Who Signs Up On MagnaCare Facebook, April 1-15, 2010—April 4, 2010—Soldier Socks is an organization that donates socks and other necessities to the military serving in Iraq and Afghanistan. Read about MagnaCare’s plans to enhance its partnership with Soldier Socks to support the servicemen and service women fighting on our behalf.
• MagnaCare CEO Joseph Berardo to Participate in Health Care Reform Panel--Joseph Berardo, president and CEO of MagnaCare (www.magnacare.com), will participate in a panel to discuss health care reform and how it will affect New York and the nation. The symposium, hosted by the Business and Labor Coalition of New York, will take place Wednesday, April 14, 2010, 8:00 a.m., at the Hard Rock Café at 43rd St. & Broadway, New York, N.Y. The panel will include Kathleen Sebelius, Secretary of Health and Human Services, and will feature Mr. Berardo and fellow leaders in the health care space. For a full list of participants and event details, please click here.
• MagnaCare Positioned for Growth in National Health Care Marketplace—March 9, 2010—MagnaCare announces plans to build on its stable customer base and dominant position in the fiercely competitive NY/NJ/CT region. Read about MagnaCare’s competitive advantages, the reasons for its success, and its growth strategies.
• We Have Partnered with Emdeon for Electronic Claims Submission

Conferences

• Conferences MagnaCare will be attending in 2011