With more than 30 years in the business, CoreSource has administered health benefits for hundreds of hospitals and health systems across the country. We’ve always taken the “team” approach to administering benefits because, while our advice is based on years of hands-on experience, only our clients know what is right for them. Each and every client is different, and our flexibility in administration allows us to meet the needs of each one.
- Current number of hospital or health system clients: 178
- Total lives under hospital administration: 217,000
- Total lives under healthcare benefits administration: approximately 1.1 million
- Number of clients that CoreSource administers benefit for: 717
- Number of CoreSource locations across the U.S.: 9
- Our rank for the largest employee benefits TPA in the nation: 3rd
Case Studies
CoreSource Halts Revenue Drain
After a self-funded hospital discovered it was losing revenue because employees were seeking healthcare outside its facilities, CoreSource provided a profitable solution. CoreSource researched nearby markets for duplicate services and recommended better domestic pricing, encouraging employees to use the hospital for these healthcare services. As a result, the revenue drain decreased dramatically and the hospital’s bottom line improved.
Health Plan Transition Exceeds Expectations
By providing a smooth employee transition to a PPO, CoreSource improved a hospital client’s revenue. The PPO, which replaced a large carrier’s HMO, provided employees with incentives to use hospital facilities for their healthcare services. The health plan ran under budget for the first three years and continues to exceed expectations.
CoreSource Delivers ‘HMO Look-Alike’ Plan
When a new client, a large health system, sought a flexible “HMO look-alike” program for its employees, CoreSource developed a three-tier managed care plan. The health plan offered employees the best rates for services from providers in the health system itself. Mid-level discounts were offered for services from providers in a “wrap-around” network, while non-network services had the highest out-of-pocket costs for employees.
After a self-funded hospital discovered it was losing revenue because employees were seeking healthcare outside its facilities, CoreSource provided a profitable solution. CoreSource researched nearby markets for duplicate services and recommended better domestic pricing, encouraging employees to use the hospital for these healthcare services. As a result, the revenue drain decreased dramatically and the hospital’s bottom line improved.
Health Plan Transition Exceeds Expectations
By providing a smooth employee transition to a PPO, CoreSource improved a hospital client’s revenue. The PPO, which replaced a large carrier’s HMO, provided employees with incentives to use hospital facilities for their healthcare services. The health plan ran under budget for the first three years and continues to exceed expectations.
CoreSource Delivers ‘HMO Look-Alike’ Plan
When a new client, a large health system, sought a flexible “HMO look-alike” program for its employees, CoreSource developed a three-tier managed care plan. The health plan offered employees the best rates for services from providers in the health system itself. Mid-level discounts were offered for services from providers in a “wrap-around” network, while non-network services had the highest out-of-pocket costs for employees.