FOR IMMEDIATE RELEASE

6/29/2023

CANTON, MA – The Phia Group, a distinguished leader in healthcare cost containment, and Healthcare Recovery Solutions (HRS), a prominent healthcare mass tort subrogation expert, announce their most recent and pressing initiative. In response to an environmental crisis in the US, our team is launching a robust initiative to provide unparalleled recovery solutions for healthcare payer clients. Through the integration of our unique and exclusive capabilities, including patented, state-of-the-art mass tort data analytics and subrogation recovery specialists, we will offer an extraordinary opportunity for clients to identify and recover medical costs associated with toxic chemicals known as PFAS, PFOA and PFOS.

The urgency of this initiative is highlighted by the recent high-profile settlement reached on June 22, 2023, by Minnesota-based chemical and manufacturing company, 3M. The $10.3 billion settlement with U.S. municipalities addresses claims of water contamination caused by polyfluoroalkyl and perfluoroalkyl substances (PFAS), commonly referred to as "forever chemicals." Additionally, DuPont, Corteva, Solvay and other manufacturers announced settlements totaling several billion dollars for similar claims.

In response to this critical matter, The Phia Group and HRS' Subrogation and Recovery Services department are leveraging their decades of experience in mass tort subrogation, along with proprietary analytics and patented algorithms, to enforce their clients' recovery rights. Together, we will identify health benefit plans and plan members who may have suffered harm from not only 3M and DuPont products, but also a broader range of industrial and household products emitting hazardous chemicals.

"With our subrogation expertise and formidable analytical data integration, we can identify these specific mass tort cases, place the appropriate parties on notice, and recover millions for our clients' health plans, which can be utilized for future medical claims," said Adam Russo, CEO of The Phia Group. "This isn’t your basic car accident subrogation case and that is why Phia is the premier recovery partner for your plans. These cases are tougher to find but the recoveries are worth the efforts.”

Harnessing their combined subrogation and technical expertise, The Phia Group is now mobilizing to assist benefit plans, stop-loss carriers, plan members, and participants who have suffered damages, ensuring they receive the support they deserve.

"Our clients rely on us in mass tort litigations like this to help them identify and maximize recoveries, to help make them whole," concluded Mr. Russo. Ron Peck, Chief Legal Officer of The Phia Group, emphasized the importance of subrogation in situations where massive organizations with substantial resources are accused of causing significant damage to a large population. "We are working hard to ensure that victims and their health benefit plans are not left paying for damages caused by someone else."

For more information, please visit www.phiagroup.com or contact Garrick Hunt at GHunt@phiagroup.com.

About The Phia Group: The Phia Group, LLC, is a seasoned provider of healthcare cost containment techniques, offering comprehensive claim repricing, No Surprises Act support, claims recovery, plan document, and consulting services designed to control healthcare costs and safeguard plan assets. Through industry-leading consultation, plan drafting, subrogation, and other cost containment solutions, The Phia Group truly empowers plans. Learn more at phiagroup.com.

About Healthcare Recovery Solutions: HRS is a leading innovator in mass tort in healthcare subrogation, specializing in delivering patented comprehensive recovery services to healthcare payers. With a strong track record in mass tort litigation recoveries, HRS brings extensive experience and expertise to the table. By partnering with The Phia Group, HRS further strengthens its capabilities and extends its reach, providing a formidable solution for healthcare payers seeking to recover lost dollars from PFAS-related payouts.

To learn more about Healthcare Recovery Solutions, please visit www.hrs-recovery.com or contact Sarah Klein at sklein@hrs-recovery.com.