News
Record Growth Continues for TMG Health
King of Prussia, PA, July 9, 2007 – TMG Health, the leading national provider of Business Process Outsourcing (BPO) services for the Medicare, Medicaid and retiree health plan markets, announces continued record growth in 2007. TMG Health realized an increase in revenues of over 350% from 2005 to 2006, with a combined 650% growth over the past two years.
TMG Health’s focused expertise in Medicare Advantage, including Private-Fee-For-Service (PFFS), HMO/PPO, Special Needs Plans (SNP) and Part D, has positioned TMG Health as the dominant leader in BPO services for these market sectors. TMG Health serves over 30 health plans representing a broad spectrum of Medicare Advantage, Medicare Supplement and Medicaid products.
PFFS has been the fastest growing Medicare Advantage segment for the past three years and TMG Health has been at the forefront of the tremendous growth in this area. To date, TMG Health successfully launched nine Medicare Advantage PFFS plans and will launch another four plans in 2008. TMG Health also launched and supports the largest and fastest growing Special Needs Plan in the nation.
TMG Health’s predominant focus is to provide integrated service and system solutions addressing the challenges associated with Medicare Advantage and government-sponsored plan administration. Although many health plans have offered traditional Medicare services for years, the unique operating and compliance requirements of Medicare Advantage products such as Private-Fee-For-Service and Part D management demand the type of specialized administration and functionality provided by TMG Health.
Jack Tighe, TMG Health President and CEO stated, “TMG Health is the only business process outsourcer dedicated to this industry. Other vendors offering BPO type services are subsidiaries of competing health plans or systems vendors offering these services as a sideline to their primary business. At TMG Health, offering BPO services to health plans is our core competency and our only service.” It is this exclusive focus that continues to fuel the growth of TMG Health.
About TMG Health
TMG Health is the leading provider of Business Process Outsourcing (BPO) services to the Medicare, Medicaid and retiree health plan markets. TMG provides operational outsourcing solutions and systems for health plans, providers and insurers. TMG is the most experienced vendor in the market and has the broadest solution set serving over 30 health plans in all 50 states.Benefits of partnering with TMG Health include low, fixed operational costs, reduced capital costs, uniquely designed, state-of-the-art systems, rapid implementations and proven regulatory compliance.
