FOR IMMEDIATE RELEASE
Contact: Missy Pudimott
(800) 225-4246 ext. 6493
Hamilton, New Jersey February 20, 2007 Consolidated Services Group, Inc. (CSG), the largest privately owned medical case management, preferred provider organization (PPO) and medical consulting firm on the East Coast, announced today a new partnership with myMatrixx as their preferred prescription service for the business areas of workers' compensation and auto liability. This partnership will significantly reduce costs by pairing the expertise of one of the nation's leading pharmacy service companies with CSG's extensive managed care experience.
The cost of prescription drugs currently accounts for up to 12 percent of total workers' compensation medical costs and is rising rapidly by up to 20 percent per year. Together, CSG and myMatrixx will work to reduce overall costs while providing efficient outcomes to each benefit recipient through the use web-based, paperless solutions that accurately track and manage pharmacy orders. Through the partnership, CSG now gains access to a network of over 50,000 retail pharmacies, a corporately-owned mail order pharmacy, and an information-based clinical pharmacy program.
"The cost of prescription drugs is an on-going concern in our industry." said Michael Morrone, President of CSG. "We have taken the time to seek out the right partner and we can now provide a quality pharmacy management program to our worker's compensation and auto clients."
According to myMatrixx CEO, Steven MacDonald, the company is looking forward to expanding their claims management capabilities with CSG. "We are pleased that we can now provide CSG with a more efficient way to manage pharmacy orders on behalf of their claimants."
A national pharmacy services company, myMatrixx, services self-insured employers, third party administrators, managed care companies, and workers' compensation and auto insurance companies. myMatrixx provides a paperless solution to fulfill, track and manage pharmacy orders on behalf of benefit providers, through the Internet.
Based in Lansdale, Penn., Consolidated Services Group, Inc. services a significant number of the industry's largest property and casualty carriers. After acquiring CHN, an established URAC-Accredited PPO and worker's compensation Managed Care Company, CSG now represents several major insurers, third-party administrators, and many municipal and school board joint insurance funds in New Jersey and New England regions. Its unparalleled proprietary integration technology, Medlogix, helps make CSG a single source medical claims resource that surpasses others in the marketplace. .
About CSGConsolidated Services Group (CSG) has more than 25 years of experience in the property and casualty medical claims management business, specializing in managed care, utilization review and cost containment services to auto liability, general liability and workers' compensation insurers. CSG services a significant number of the industry's largest property and casualty carriers, while CHN represents several major insurers, third-party administrators, and many municipal and school board joint insurance funds in the New Jersey and New England regions. For more information, please visit www.csg-inc.net or www.chn.com.