December 14, 2018 - For Immediate Release

Braintree, MA -- The Phia Group LLC, one of the health benefit industry’s leading cost-containment service providers, announced that it has completed the formal creation of its internal Legal Compliance and Regulatory Affairs (“LCARA”) team.

The members of this Phia Group Consulting (“PGC”) subdivision will handle the most complex Independent Consultation and Evaluation (“ICE”) queries while performing in-depth research meant to benefit both The Phia Group, and its partners. Led by its Director of Legal Compliance & Regulatory Affairs, Brady Bizarro, Esq., as well as Compliance & Oversight Counsel, Andrew Silverio, Esq. and Compliance & Regulatory Affairs Consultant, Philip Qualo, J.D., the LCARA team will diligently track statutory and regulatory changes, to ensure both the continued compliance of The Phia Group as well as its clientele. By focusing both on the company’s own internal needs as well as the needs of its clients, the LCARA team represents a new stage in “crowd sourcing” information and experience.

“There are certainly a few individuals here or there who include this type of work in their list of responsibilities,” The Phia Group’s CEO Adam Russo remarked, “But we are confident that no team has ever been so focused on remaining ahead of legal challenges, and ensuring that both The Phia Group and its allies learn – and benefit – from each other’s growth, wins, and losses.”

To learn more about The Phia Group, its regulatory compliance services, or any of its offerings, please contact The Phia Group’s Sales Executive, Garrick Hunt, at 781-535-5644 or Info@PhiaGroup.com.

About The Phia Group

The Phia Group, LLC, headquartered in Braintree, Massachusetts, is an experienced provider of health care cost containment techniques offering comprehensive claims recovery, plan document and consulting services designed to control health care costs and protect plan assets. By providing industry leading consultation, plan drafting, subrogation and other cost containment solutions, The Phia Group is truly Empowering Plans. Visit www.PhiaGroup.com.

Click here to download the 2018 Phia Forum Slide Deck.

For Immediate Release
October 6, 2017
 
Braintree, MA – The Phia Group, LLC is pleased to announce the integration of its Flagship Template into its acclaimed Phia Document Management (“PDM”) software, and support for The Phia Group Flagship Template by many leading stop loss carriers.  
 
Recognizing that delays in plan drafting cause many plans to administer old plans – or in some cases – no plan, early in 2017 The Phia Group announced that it had compiled decades of experience servicing various types of plans to develop its Flagship Template.  The Phia Group’s Flagship Template is a complete version of its industry acclaimed, fully customizable plan document template, but users’ time commitment is substantially reduced thanks to The Phia Group having already created a nearly complete plan document.  By populating the document with what it deems to be the best provisions in every regard and applying best practices to create an almost-complete SPD, users enjoy a compliant and innovative plan in comparatively no time at all.  All that remains is for the plan sponsor or its named administrator to fill in their biographical information, insert their selected schedule of benefits, eligibility criteria, and review the language already provided to request edits or revisions.  
 
Building upon this foundation, The Phia Group is now proud to announce that its Flagship Template has been uploaded to its acclaimed Phia Document Management (“PDM”) software, ensuring subscribers can now use and offer The Phia Group Flagship Template to their clientele.  Further, following in-depth review and assessment, The Phia Group Flagship Template is now supported by many leading stop loss carriers as well.
 
“We continue to work towards the evolution of benefit plan documents and self-funding.  Each step we take in the advancement of The Phia Group Flagship Template is also a step forward for our industry.  We will not allow time constraints to limit the quality of our clients’ plan documents.  With The Phia Group Flagship Template, speed and quality are both possible.  Our mission was to reduce the number of questions users need to answer, and we did that – reducing them by 75%.” Remarked The Phia Group’s CEO, Adam V. Russo, Esq.
 
Regarding what’s next for The Phia Group Flagship Template, Mr. Russo advised, “Achieving buy-in from the stop loss industry, as well as adding it to our PDM program, is just the beginning.”   
 
For more information regarding The Phia Group’s Flagship Template, or to learn about any of The Phia Group’s other services, please contact Tim Callender by email at tcallender@phiagroup.com or by phone at 781-535-5631.
 
About The Phia Group:
 
The Phia Group, LLC, headquartered in Braintree, Massachusetts, is an experienced provider of health care cost containment techniques offering comprehensive claims recovery, plan document and consulting services designed to control health care costs and protect plan assets.  By providing industry leading consultation, plan drafting, subrogation and other cost containment solutions, The Phia Group is truly Empowering Plans.