Read The Times Australia

Daily Bulletin

RGA Reinsurance Makes the Case for Case Management With $322 Million in Savings Since Inception

  • Written by: Pitch Engine

Minneapolis, MN, October 30, 2015 – Reinsurance Group of America today released quantifying results of an internal evaluation of its Reinsurance Outcomes and Service Experts (ROSE®) program, revealing that its client participants realized more than $322 million in savings since the program’s founding in 1984.

The ROSE Program, an expert consulting service, complements clients’ internal medical case management programs and streamlines the management of catastrophic claim costs. RGA’s evaluation concluded that clients who fully utilize the ROSE services experience an average savings equal to 38 percent of their annual reinsurance premium.

“Our clients, with our brokerage and claims team, have found the ROSE program to add significant value for our clients in terms of mitigating large claims,” said Faith Johnston, Principal at Integro Group. “The fact that RGA is reporting overall savings due to the ROSE program of 17 percent of reinsurance premium for all clients and total savings of 38 percent of reinsurance premium for engaged ROSE clients is remarkable. We view the ROSE and ROSEBUD® programs as being among the top tier cost containment services offered in the marketplace today.”

Annually ROSE consultants provide more than 400 consulting hours, offer more than 1,200 continuing education credits, and conduct more than 1,000 claim audits and negotiations. The program oversees more than 40 transplants yearly, which are managed through contracted transplant networks. In addition the ROSE Program prenatal and neonatal case management arm, ROSEBUD, achieves an average return on investment of 7:1.

“With this analysis we can confidently say our ROSE Program is the premier medical management consulting program in the reinsurance market,” said Jane Johnson, Vice President of Medical Management for RGA. “This is, without a doubt, our proven track record of providing real value that impacts a client’s bottom line.”

About RGA

Reinsurance Group of America, Incorporated is one of the largest global life and health reinsurance companies in the world. The company provides clients with individual life reinsurance, individual living benefits reinsurance, group reinsurance, health reinsurance, financial solutions, facultative underwriting and product development. RGA and its subsidiaries serve clients from 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, RGA has approximately $2.9 trillion of life reinsurance in force and assets of $47.5 billion.

For further information, please contact:

Lynn Phillips Executive Director Public RelationsT 636.736.2351 lphillips@rgare.com

Authors: Pitch Engine

Read more http://www.pitchengine.com/pitches/9edbee8e-b840-4026-85ac-5a8f77cff4fd

Business News

How to Rent a Car for Uber in Melbourne: What Every New Driver Needs to Know

Starting out as an Uber driver in Melbourne is not as complicated as it sounds but getting the vehicle right is where most new drivers get stuck. Uber has strict requirements around vehicle age, condi...

Daily Bulletin - avatar Daily Bulletin

When Should You Speak to a Lawyer About a Legal Issue?

Legal issues can begin with a simple question, then become harder to manage once formal steps are involved. Many people wait until a matter feels urgent before seeking guidance, even though earlier ...

Daily Bulletin - avatar Daily Bulletin

The strategic rise of Bali as Australia’s next essential healthcare support hub

As Australian healthcare providers grapple with unprecedented operational bottlenecks, a new nearshore model is quietly transforming patient care delivery. Forward-thinking organisations,  including...

Daily Bulletin - avatar Daily Bulletin

Cost Savings and Benefits of Using Used Pallets in Logistics

In today’s competitive logistics and supply chain industry, businesses are constantly looking for ways to reduce operational costs without compromising efficiency and reliability. One of the most prac...

Daily Bulletin - avatar Daily Bulletin

How Fulfilment Services in Australia Help Businesses Scale Efficiently

The growth of e-commerce and modern retail has transformed customer expectations. Consumers now expect fast shipping, accurate order processing, and seamless delivery experiences regardless of where...

Daily Bulletin - avatar Daily Bulletin

Practical Ways Australian Workplaces Can Reduce Operating Costs

Reducing business costs doesn’t always mean cutting staff, shrinking services or making the workplace feel bare-bones. In many cases, the smarter savings are hiding in everyday operations: the light...

Daily Bulletin - avatar Daily Bulletin

Executive Recruitment Solutions That Help Organisations Secure Exceptional Leaders

Leadership has a direct impact on organisational performance, employee engagement, strategic growth, and long-term success. Businesses operating in increasingly competitive environments require experi...

Daily Bulletin - avatar Daily Bulletin

Why A WooCommerce Website Designer Matters For Online Growth

Running an online store today requires more than simply listing products and waiting for customers to arrive. Businesses need a website that is fast, reliable, easy to navigate, and designed to suppor...

Daily Bulletin - avatar Daily Bulletin

Turning Your Empty Tables into Revenue

The rise of AI demand tools in hospitality, the EatClub–CommBank partnership, and seven trends reshaping Australian dining  A growing number of Australian venues are turning to AI-powered demand mana...

Daily Bulletin - avatar Daily Bulletin

The Daily Magazine

DIY Rodent Control Vs Professional Help: When Is It Time To Call The Experts?

Rodents are one of the most frustrating pest problems for Australian property owners. Rats and mic...

Lighting Shop in Perth: How The Right Lighting Can Transform Your Home And Business

The right lighting can completely change the look, feel, and functionality of any space. Whether it ...

Traffic Light System Solutions For Safer And More Efficient Traffic Management

Modern cities and growing communities rely heavily on effective traffic management to ensure safety...

Gold Migration Lawyers in Liquidation: How the Closure Affects Your ART Appeal

If your appeal was with Gold Migration Lawyers, a recent change to how the Tribunal decides cases ...

The pressure cooker: life in urban Australia in 2026

Australian cities have always been demanding. Long commutes, rising housing costs, busy schedules a...

What Actually Makes a Good Criminal Lawyer in Melbourne

Most people only think about this question once. That is usually too late. Most people charged wi...

Why Working With A Chatswood Tutor Can Improve Academic Performance

Academic expectations continue increasing for students across primary school, high school, and senio...

Is It Worth Getting Solar Panels in Melbourne?

The real question is not whether solar works in Melbourne. It works. The question is what it is co...

How A Diploma Of Project Management Builds Practical Skills For Modern Work Environments

Developing the ability to plan, execute, and deliver outcomes efficiently is a key requirement in to...