Premier Healthcare Exchange and The Phia Group, LLC Announce Alliance to Maximize Client Savings

Date: 09.05.06

As healthcare claim billing errors and the incidence of fraudulent insurance claims continue to increase, the demand for cutting edge technology and cost containment expertise to protect healthcare payors from excessive claims’ payments continues to grow.

Summit, NJ and Randolph, MA– September 5, 2006 Against this industry backdrop, Premier Healthcare Exchange, Inc.(PHX), and The Phia Group, LLC,(PHIA) are pleased to announce an alliance of their organizations to increase the value of services provided to both organizations’ client companies and to the entire at-risk insurance industry. The partnering of PHX’s XPERT EDITOR, a robust technology-based claims review system, with PHIA’s insurance claim recovery and subrogation services, increases the value of both the PHX XPERT CONNECT™ integrated healthcare cost containment solutions package and PHIA’s claim recovery services, according to Todd Roberti, CEO of PHX.

“This alliance affords both companies a tremendous opportunity to expand our services, providing additional cost savings opportunities for new and prospective client organizations,” says Roberti. “With PHX’s expertise in identifying errors including such problems as multiple charges, incorrect medical coding and the correction of those problems for client organizations and PHIA’s expertise in recovery services as well as fraud and abuse detection, a synergy of comprehensive services has been created that will benefit the healthcare payors industry.”

“We are very excited to align ourselves with PHX,” states Adam Russo, co-founder of PHIA. “Our arrangement will create additional recovery opportunities and added savings for our clients. Not only will our clients continue to receive the highest level of claim identification and legal expertise for their subrogation needs, they will now have the ability to gain additional reduction in claims costs with PHX’s unique services and technology.”

The strategic alliance created by the two organizations not only enhances both organizations’ claims recovery services for their current clients, it adds to the number and value of cost containment services offered to the entire at-risk insurance industry. This alliance streamlines those services into a comprehensive package of cost containment services for current clients while establishing streamlined savings opportunities for the entire at-risk insurance industry. The companies will utilize their recovery identification software and expertise in their respective business lines to create additional recovery vehicles for their clients in order to substantially increase savings across all claims processes.

About Premier Healthcare Exchange, Inc.

Founded in 2001 and headquartered in Summit, NJ, Premier Healthcare Exchange, Inc. provides the latest technology-based, cost-containment solutions in today’s healthcare industry. For the past five years, PHX has been recognized as the partner of choice by Third Party Administrators, insurance carriers, self-insured companies and Health Maintenance Organizations to provide cost containment nationwide. The creation of XPERT CONNECT – a comprehensive, integrated cost saving solution introduced in 2006 – provides PHX with the leading package of cost containment services for the healthcare payors industry. XPERT CONNECT includes XPERT EDITOR, XPERT EXAMINER and XPERT NEGOTIATOR. PHX provides a proven model with an organized central approach, through its three distinct cost-containment platforms for maximum reduction of claim costs. To learn more about PHX, please visit www.phx-online.com.

About The Phia Group, LLC

PHIA, headquartered in Randolph, MA, is a leading 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 and coordination of benefits. PHIA’s proprietary software, The Phia System, streamlines recovery efforts through advanced 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 Subrogation," PHIA has become one of the fastest growing subrogation companies in the nation. For more information about The Phia Group, please visit www.phiagroup.com.

For Additional Information: