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The TPAA & The Phia Group Announce Partnership
Date: 09.05.06
The Third Party Administrator Alliance-known as the TPAA- has selected The Phia Group, LLC, headquartered in Randolph, MA, as a preferred partner in the subrogation/claims recovery category for its members. According to Peggy Wolford, VP of Business Development for the TPAA, "We are thrilled to have The Phia Group on board as a partner. Their excellent reputation in the industry and their dedication to quality service make them a perfect fit for our organization."
The Phia Group will offer a variety of recovery services to TPAA members. These services are offered on a case by case basis or a full subrogation service arrangement. The TPAA and The Phia Group have agreed on special pricing for TPAA member firms which will be able to access the services immediately.
"We are excited to be a partner with the TPAA," says Adam V. Russo, co-founder of The Phia Group. "We believe in the mission that TPAA has undertaken and want to be a part of building the largest alliance of TPAs in the country. Our partnership will offer unique and innovative recovery solutions to TPAA members. In addition, it will present a major cost-containment solution for ever-rising health care expenses."
"Having Adam's group on board is a tremendous benefit to our members," says Wolford. "They can immediately begin saving on their claims recovery costs while improving the level of service they receive".
The TPAA is adding strategic partners in all areas of service that are critical to the success of a TPA - excess carriers/MGUs, PPO networks, PBMs, out-of-network claim negotiations and many more. Per Wolford, "We believe that when our members access all of our partner's services, they will realize a significant decrease in their operating costs which will give them the edge when competing for new clients."
The Phia Group, LLC is an experienced provider of recovery strategies offering personalized service, legal expertise and innovative technology. Phia represents third party administrators, self-insured companies, insurance carriers, reinsurers, and other at-risk entities across the country. The company's services include subrogation, claim reimbursement, overpayment recovery, coordination of benefits, and other cost containment services. Phia's proprietary software, The Phia System, streamlines recovery efforts through advanced recovery detection technology leading to higher recovery dollars for benefit plans. Phia's attorneys review and revise plan language and strategize all recovery options, ensuring maximized savings and the highest protection of plan recovery rights. Based on its motto "A Passion for Subro," Phia has become one of the fastest growing subrogation companies in the nation. Visit www.phiagroup.com.
The Third Party Administrator Alliance (TPAA) is an alliance of the nation's top independently owned third party administrators. The TPAA was founded to drive business to members TPAs, supply them with aggressive lead-generation programs and superior marketing tools. In addition, members also enjoy discounts provided by TPAA-selected partners in stop-loss insurance, PPO networks, pharmacy benefits management, medical management, out-of-network repricing, plan design, debit/smart cards, subrogation, fraud and more. Each TPAA member has been individually selected and approved for membership, based on its track record with employer groups, brokers and benefits consultants. All share a common set of core values that emphasize personalized service, professional delivery and technical expertise. The TPAA is headquartered in Atlanta, Georgia. For more information, contact Al Allison at 888-454-TPAA (8722) or aallison@thetpaa.com. Visit www.theTPAA.com.