RGA’s ROSE® Program Provides Record Savings to Clients in 2014
May 26 2015 - 8:30AM
Business Wire
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20150526005319/en/
Reinsurance Group of America, IncorporatedLynn Phillips,
636-736-2351Executive Director, Public
Relationslphillips@rgare.comorSally Smith, 636-736-8167Vice
President, Corporate Communicationsssmith@rgare.com
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