What does PHCS stand for?
Asked by: Gabriel Murazik | Last update: August 1, 2023Score: 4.5/5 (55 votes)
PHCS means Private Health Care Systems Incorporated, a ---- corporation with its corporate offices in Waltham, Massachusetts that develops medical provider networks and provides utilization review services.
What does PHCS stand for in healthcare?
Private Healthcare Systems (PHCS) is a health insurance company that offers millions of members across the country coverage for medical and behavioral health care.
Who owns PHCS network?
(PHCS) today announced that MultiPlan will acquire PHCS, creating the industry's most comprehensive medical cost management provider.
What is PHCS network?
The PHCS and MultiPlan networks are networks of medical doctors and facilities that health plans use in order to provide a broader choice of healthcare providers offering discounted services to their members.
Is PHCS a legitimate insurance company?
PHCS is rated A (Excellent) by A.M. Best Company and AA—(Very Strong) by Standard & Poor's. In 2006, MultiPlan acquired PHCS; since then, it has been a part of the MultiPlan family of companies. MultiPlan is a leading provider of data-driven, technology-enabled healthcare cost management solutions.
PHCS Video
What does MultiPlan insurance mean?
What does this mean? The MultiPlan Network is a nationwide complementary PPO network. Your health plan is most likely utilizing the MultiPlan Network to give you access to an additional choice of providers that have agreed to offer a discount for services.
What's the largest PPO network in America?
The MultiPlan PHCS network is the nation's largest and most comprehensive independent PPO network. This network offers access in all states and includes more than 700,000 healthcare professionals, 4,500 hospitals and 70,000 ancillary care facilities.
What type of company is MultiPlan?
MultiPlan, Inc. provides healthcare cost management solutions. The Company specializes in providing claim cost management solutions for controlling the financial risks associated with medical bills.
Who owns MultiPlan Inc?
Nation's Largest Independent PPO Poised for Growth New York, NY – MultiPlan, Inc. and The Carlyle Group yesterday completed the previously announced acquisition by Carlyle of MultiPlan, the largest independent PPO in America.
What is the payer ID for MultiPlan?
Payer Name: MultiPlan GEHA|Payer ID: 45235|Professional (CMS1500)/Institutional (UB04)[Hospitals]
When did MultiPlan acquire PHCS?
2006: MultiPlan acquired by Carlyle Group for $1 billion. 2006: MultiPlan acquires PHCS, the largest primary care network in the US.
What is PPO?
PPO, which stands for Preferred Provider Organization, is defined as a type of managed care health insurance plan that provides maximum benefits if you visit an in-network physician or provider, but still provides some coverage for out-of-network providers.
What is difference between primary care and primary health care?
A quick response: Primary care is whole patient, first contact care that meets the needs of the patients. Primary Health Care is the extended team and also includes management of the social determinates of health, education etc like the Alma Mater stuff.
In what ways is the PHC meant for everyone?
PHC is the means by which we will achieve universal health coverage—one of the United Nation's Sustainable Development Goals for 2030. Universal health coverage means all individuals and communities can receive the essential health services they need without suffering financial hardship.
What is PHC management?
Management of Primary Health Care (PHC) is one of the main pillars of a health system through Human Resources. Furthermore, the quality of health services depends to a large extent on the people who manage the services.
What does MultiPlan company do?
MultiPlan uses technology-enabled provider network, negotiation, claim pricing and payment accuracy services as building blocks for medical payors to customize the healthcare cost management programs that work best for them. We believe there is no such thing as a standard cost management approach.
What is the oldest and largest PPO network?
MultiPlan is the nation's oldest and largest independent Preferred Provider Organization (PPO) network offering nationwide access to more than 4,200 hospitals, 90,000 ancillary care facilities and 450,000 physicians and specialists.
How do I cancel MultiPlan?
Termination. How can I terminate my participation in the PHCS Network and/or the MultiPlan Network? Submit your request on letterhead with the contract holder's signature via fax at 781-487-8273, via email at registrar@multiplan.com or via mail to MultiPlan, Attn: Registrar, 16 Crosby Drive, Bedford, MA 01730.
Is MultiPlan a public company?
As a public company, MultiPlan will have greater strategic and financial flexibility, making it better equipped to expand organically, through adjacent acquisitions and by investing in new technologies.
How do I cancel my neo insurance?
You may cancel your membership with an association and/or any insurance product or service within thirty (30) days of the applicable purchase by contacting NEO by email to csr@neoinsurancesolutions.com, or by calling Neo at (855) 563-6669 to request cancellation.
Is Humana and United Healthcare the same company?
Minneapolis-based United Healthcare Corp. is buying Humana Inc. The resulting company will have a combined enrollment of 19.2 million people, the third largest number of enrolled lives in the nation. Both companies earned strong profits in 1997, unlike most managed care companies.
What is Continental care?
Continental Care was designed to help protect your savings. This insurance policy protects your valuable assets by stepping in to offset the cost of deductibles, co-pays and additional expenses incurred but not covered by other insurance plans.