MINNEAPOLIS--(BUSINESS WIRE)--May 26, 2015--
RGA
Reinsurance Company, a subsidiary of Reinsurance Group of America,
Incorporated (NYSE: RGA) today announced a record savings of $29.3
million last year to its U.S. Group Reinsurance clients through the use
of RGA’s proprietary ROSE® (Reinsurance Outcomes and Service
Experts) Program. This figure represents an increase of almost $12
million from total 2013 savings of $17.5 million. The ROSE Program is a
specialty operation of RGA, helping clients manage catastrophic
healthcare claims while supporting quality outcomes for those insured.
The 2014 savings to direct healthcare and stop- loss insurance companies
represents the largest annual savings recorded in the program’s 30-year
history.
ROSE is the nation’s foremost reinsurance-based case management
consulting program, providing group healthcare clients with expert
consulting and education services, perinatal and neonatal case
management, transplant networks, oncology and renal management services,
research support, claims repricing and negotiation services.
With a staff of 11 nurse-consultants, each with more than 10 years of
clinical and managed care experience, ROSE offers RGA clients assistance
in identifying resources, including alternative care options, to manage
clinically complex patients and cost containment solutions. The ROSE
physician review program offers access to a panel of hundreds of doctors
across all specialties who provide individual case reviews,
appropriateness of care, and medical necessity.
“The ROSE program provides our clients with a unique added-value
service, which not only helps them realize savings, but helps them
provide their members with support toward quality healthcare
outcomes,” said Mike Emerson, Executive Vice President, Head of U.S. And
Latin American Markets, Group Reinsurance, RGA. “Our team of seasoned
professionals have extensive practice helping companies with complicated
diagnoses and clinical situations. They work closely with clients to
connect them with the appropriate vendors and services, and help them
realize savings. We are grateful to our clients for their partnership
and look forward to another year of savings.”
Savings to clients and RGA through the use of ROSE services are
calculated on an annual basis.
About RGA
Reinsurance Group of America, Incorporated is among the largest global
providers of life reinsurance, with operations in Australia, Barbados,
Bermuda, Canada, China, France, Germany, Hong Kong, India, Ireland,
Italy, Japan, Malaysia, Mexico, the Netherlands, New Zealand, Poland,
Singapore, South Africa, South Korea, Spain, Taiwan, Turkey, the United
Arab Emirates, the United Kingdom and the United States. Worldwide, the
company has approximately $2.8 trillion of life reinsurance in force,
and assets of $44.7 billion.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150526005319/en/
Source: Reinsurance Group of America, Incorporated
Reinsurance Group of America, Incorporated
Lynn Phillips,
636-736-2351
Executive Director, Public Relations
lphillips@rgare.com
or
Sally
Smith, 636-736-8167
Vice President, Corporate Communications
ssmith@rgare.com
