Health Payment Systems, Inc Names Centivo Third-Party Administrator for BHCG Member Employers
Healthcare Payments Innovator Announces Partnership to Streamline Data, Care management & Stop Loss
Health Payment Systems, Inc. (HPS), an innovator in the healthcare payments space, announced a new alliance with Centivo, a new type of health plan anchored around leading providers of value-based care. Centivo, the preferred health plan for the Business Health Care Group (BHCG), can now offer BHCG member-employers access to the HPS PPO network and PayMedix Single Payment System in Wisconsin. Centivo will also offer access to the Cigna Payer Solutions* networks to employers with employees outside of Wisconsin.
These network additions complement the high-performance provider networks being developed by Centivo and BHCG for the exclusive use of member-employers in eastern Wisconsin.
“HPS is a unique solution that helps employers maximize the value of their self-funded offering, helps consumers understand and pay their health care bills, and removes the financial wedge from the patient/provider relationship.” said Terry Rowinski, President of HPS. “We are beyond excited to partner with Centivo and BHCG to further our common goal of improving the financial aspects of healthcare for employers, consumers, and providers.”
“Employers are committed to offering affordable health care for employees and their families,” said Jeff Kluever, executive director of BHCG. “The current health care model is unsustainable, however, for the business community, employees and their families. We are partnering with Centivo and HPS to allow employers to offer more affordable health care with increased transparency of costs, while still providing high-quality care. This approach supports the BHCG and business community mission to lead change and create value.”
The HPS/Centivo relationship will allow BHCG employer members to offer employees a choice between a traditional PPO plan design, with HPS consumer financial wellness tools built-in, and the Centivo high-performance provider network all while using just one single-point TPA —streamlining data aggregation and reporting, care management, and stop loss.
“This alliance with HPS allows Centivo to combine the strength of HPS and Cigna Payer Solutions to create a best-in-class option for those BHCG member employers with employee populations both inside and outside of Wisconsin,” said Ashok Subramanian, CEO of Centivo. “We look forward to a strong and impactful working relationship.”
