DBM and Auxiant Team up to Fight Against Rising Medical Costs
DBM has been successful in contracting with Auxiant to provide an aggressive cost-containment solution for Diagnostic Imaging Studies.
- (1888PressRelease) October 02, 2010 - In the constant fight within the Group Health TPA environment to control the ever-rising costs of medical procedures and to thus stay competitive within an industry that is proving difficult to find ways to retain clients who move partners often, DBM has been successful in contracting with Auxiant to provide an aggressive cost-containment solution for Diagnostic Imaging Studies.
With the increase in costs and utilization of these services, Diagnostic Imaging (CAT Scans, MRIs and PET Scans) now represent upwards of 15+% of the total medical costs for any given employer or group. On average given a set of covered lives, 18% of those lives will have one of these 3 high cost imaging procedures within the next year. Through the implementation of DBM, Auxiant now has the ability to cut nearly 50% of the cost of the expected 16,200 tests per year from their 90,000 covered lives. Through upfront claims analysis, DBM expects average savings per study to be as high as $1,000.00 leaving Auxiant employers with an aggregate, potential savings of $16,200,000.00 per year.
"Cutting medical costs is the key to our success", said Joe Holt, VP of Sales for Auxiant. "This program will do that for us and offer a 100% ROI because the DBM program does not involve any access or usage fees of any kind. Given the savings potential, the Concierge Service they provide the members and their treating physicians (which is outstanding by the way), and no fees, this was clearly a no-brainer in my mind. We are excited and expect our clients to be very happy with this new program."
DBM President Scott Fuqua stated: "It is great to see us continuing to move forward within this Group Health TPA market. Our program is such a great fit within that arena so it is great to see someone like Joe quickly recognize the value that the DBM program can bring his company as well as his clients. It is innovative thinking and a lack of fear of change that a group like Auxiant has within its culture and it groups like that that will continue to survive and grow. We are excited to be working with them."
To learn more about DBMs' suite of products and services, to receive a Press Kit, or to speak to someone directly to learn how to implement its programs and access it's over 3900 facilities nationwide for NO FEES, please contact us at 1-800-331-5720.
About DiaTri and DBM:
DiaTri, LLC is the leader in managing and developing diagnostic nuclear medicine networks and cost containment programs, that bring the payor/patient and provider community together in a mutually beneficial relationship. DiaTri, LLC is an investment holding company with three wholly-owned subsidiaries: Diagnostic Benefit Management, LLC (DBM) - National Diagnostic Imaging solutions for the Group Health market with a national radiology network of over 3900 centers in 43 states for scheduling MRIs, CTs, & PET Scans. Advanced Ancillary Services, LLC (AAS) - A proven program for Retrospective Bill Review and Negotiations, Second Opinion Programs for Imaging and Age of Injury Reports. Midwest Diagnostic Management, LLC (MDM) - Diagnostic Imaging Network/Scheduling service for Workers' Compensation.
About Auxiant:
Auxiant is a Third Party Administrator (TPA) of self-funded benefit plans. Our specialty is customization, technological tools for clients and individuals, and cost-control and health management. We provide administration for over 33,000 employees from our administrative offices in Madison Wisconsin and Cedar Rapids, Iowa. Our Sales offices are in Cedar Rapids, Iowa and Milwaukee, Wisconsin.
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