RFP News

Published on Jan 07, 2011

Arch Insurance Group, a division of Arch Capital Group Ltd., announced that it has formed a partnership with Tethys Health Ventures to provide 100% of its medical stop loss administration. Premium collections, claims adjudication and large case management are the primary functions that Tethys will perform. Tethys will leverage its expertise in managed care administration, risk management, network management, government program eligibility, and medical care management for Arch’s A&H; clients and brokers.

Arch reinvigorated its A&H; division in May 2010. The Division is a specialty writer of accident, disability and medical products – offering products not typically available through companies specializing in employee benefits.

“This partnership gives Arch a significant competitive advantage in the marketplace,” said Richard Richiski- EVP of Arch’s A&H; Division. “Working with an organization such as Tethys, given their expertise, means that our customers and brokers will gain access to proven medical case management support, government program advocacy and strong network relationships to effectively control the costs associated with catastrophic medical events, while optimizing outcomes for our insureds,” he said.

Arch’s arrangement with Tethys means that Tethys will provide specialized risk management services for complex medical conditions such as organ and bone marrow transplantation. In addition, they will provide risk mitigation services through disability advocacy programs for Arch clients and brokers. Tethys holds arrangements with many of the country’s most renowned medical providers to form an effective network of partner “centers of excellence”.

“Tethys has developed unique capabilities that assist our clients in mitigating and managing the costs associated with the most complex and costly medical conditions,” stated Tim Koch- CEO and President Tethys Health Ventures. “Our stated goal is to reduce risk and increase care. A team of dedicated case managers focus their efforts on superior service and developing innovative solutions throughout the spectrum of care. In partnership with Arch Insurance Group, we will drive positive outcomes and generate substantial payer savings for policyholders,” he said.

The distribution of Arch’s offering will be through select specialized brokers.

Arch Insurance Group Inc. is a member of Arch Capital Group Ltd., a Bermuda-based company that provides insurance and reinsurance on a worldwide basis through its wholly owned subsidiaries. **

Source: Business Wire

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