COALITION AMERICA RANKS AMONG HIGHEST OF GEORGIA
COMPANIES ON INC. 500 - Company selected for rapid growth and profits
ATLANTA, Ga. - October 17, 2000
Coalition America, Inc. (CAI) is one of the fastest-growing companies in the country, according to Inc. magazine. The company's 2,106% growth, from 1995 through 1999, earned CAI its first spot on the prestigious Inc. 500 ranking of America's growth companies. CAI, in its first attempt to earn a spot, broke the top 100 at 96 and placed it as the highest-ranking Georgia healthcare technology company.
CAI founders and identical twin-brothers, Sean Smith and Scott Smith, are among the select entrepreneurs featured in the Inc. report. The Smiths achieved CAI's dramatic sales growth in the face of the competitive healthcare IT marketplace, and maintain a privately owned and debt-free company.
CAI offers self-insured employers one source for healthcare cost management. Its target customers include self-funded healthplans, third-party administrators (TPA), insurance carriers and stop loss insurance carriers. Using its network of Preferred Provider Organizations (PPOs), CAI helps its customers select the best means of controlling healthcare expenses for their group health and worker's compensation plans.
Implementing the innovative strategy for healthcare cost-containment, CAI customers are able to instantly reprice medical claims and apply PPO discounts using CAI's RepriceNow service. With RepriceNow claims are discounted by the user in a "self-service" approach, eliminating costs associated with sending paper claims. The service is easily accessible through CAI's Web site.
CAI's RepriceNow is powered by the technology of MCOnline, LLC, a leader in electronic medical claims. MCOnline, with partner CAI, offers the market an all-encompassing solution for PPO network management, repricing and electronic claims submission. MCOnline offers its state-of-the-art solution for automated claims repricing to PPOs, claim administrators, self-insured employers and insurance companies.
About Coalition America
Atlanta-based Coalition America, Inc. (CAI) is a leader in healthcare technology and information solutions for customized PPO integration and cost-containment programs. CAI offers one source for PPO network access and administration while assisting companies in controlling their medical healthcare expenses. CAI links large, self-insured companies and other payors with the numerous PPO managed care companies they need to provide the best health plan for their employees. The range of services offered by CAI include: network integration and management, electronic data transfer, Internet re-pricing and data-entry options. CAI, privately-held, recorded more than 2000% growth since its founding in 1995 and remains debt-free. In the current marketplace full of venture capitalists and investors, this is truly an accomplishment. For more information on Coalition America, please visit www.coalitionamerica.com.
About MCOnline, LLC
MCOnline, LLC, of Harriman, NY, is a leader in electronic claims processing. The company combined extensive industry expertise and superior technology to produce its state-of-the-art solution for automated claims repricing. The company augments the capabilities of to PPOs, claim administrators, self-insured employers and insurance companies. MCOnline was formed in 1999 through a partnership between Coalition America, leader in healthcare technology and information solutions for customized PPO integration and cost containment programs, and Scott Arlotta, former CIO for one of the largest national PPOs.
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