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 Telematics Helps Australian Companies Improve Productivity

Operating a commercial fleet in Australia is a uniquely demanding endeavour. Between the sprawling urban sprawl of cities like Sydney and Melbourne and the immense, unforgiving stretches of the Outb...

Daily Bulletin - avatar Daily Bulletin

Inside the Icon: The BridgeMuseum Officially Opens at the Sydney Harbour Bridge

A bold new way to experience one of Australia’s most recognisable landmarks has arrived, with BridgeClimb Sydney officially opening the all-new BridgeMuseum.  Located inside the Sydney Harbour Brid...

Daily Bulletin - avatar Daily Bulletin

Is Your Brand Showing Up in AI Search? Most Melbourne Brands Aren't.

The New Front Door Nobody Told You About Something changed. Quietly. Without a press release. The way buyers find businesses in Australia has been rewired. Not replaced, rewired. Google isn't dead...

Daily Bulletin - avatar Daily Bulletin

How Australian Businesses Can Measure SEO ROI

SEO can feel vague when you are staring at a dashboard full of numbers that do not clearly connect to revenue. The key is to measure the right signals in the right order, then tie them back to outcome...

Daily Bulletin - avatar Daily Bulletin

How Commercial Roller Shutters Improve Site Security Without Slowing Operations

Security upgrades can be frustrating when they make everyday work harder. A door that takes too long to open, creates bottlenecks at shift change, or fails at the worst time can turn “better protectio...

Daily Bulletin - avatar Daily Bulletin

Why a Document Destruction Service Still Matters for Modern Businesses

Businesses generate large volumes of information every day, from staff records and contracts to invoices, reports and customer files. While attention often focuses on how documents are stored, the way...

Daily Bulletin - avatar Daily Bulletin

Bicycle Rack Safety and Space-Smart Storage

Bike storage problems usually show up as small annoyances first: tangled handlebars, scratched frames, and bikes that topple when you pull one out. Over time, those issues become safety risks, especia...

Daily Bulletin - avatar Daily Bulletin

How to Tell if a Childcare Centre Is a Good Fit for Your Child

Choosing childcare can feel like you’re making a huge decision with limited information. Tours are short, centres are often on their best behaviour, and your child might act differently in a new space...

Daily Bulletin - avatar Daily Bulletin

Car Import Timeline: What Usually Happens at Each Stage

Importing a car into Australia can feel confusing because multiple agencies and checkpoints are involved, and the timeline is shaped as much by paperwork quality as it is by shipping speed. The most u...

Daily Bulletin - avatar Daily Bulletin

The Daily Magazine

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...

How to Choose the Right Football for Every Level

Choosing a football may seem straightforward, but the right option depends on who will be using it a...

What to Ask a Wedding Photographer Before You Book

Booking a wedding photographer can feel deceptively simple: you like the photos, you like the vibe...

Why Stress Relief For Dogs Is Essential For Emotional Balance And Long-Term Wellbeing

Managing emotional health is just as important as physical care when it comes to pets, which is why ...