A June 2, 2004 Business Wire press release announces: Bio-Reference Laboratories, Inc. Announces PSIMedica Contract with Lockton Companies, Inc. to Control Health Care Costs.
Here is an excerpt from this press release regarding Bio-Reference Laboratories' Clinical Knowledge Management (CKM) system:
Bio-Reference Laboratories, Inc. (NASDAQ: BRLI) announced today that its PSIMedica division has executed a multiyear contract with Lockton Companies, Inc., a leading insurance consulting and brokerage firm, to provide healthcare information analytics through its Clinical Knowledge Management (CKM) solution. As part of its full-service offering to customers, Lockton includes informatic analytic services that enable Lockton's customers to control healthcare costs and improve healthcare benefits. CKM is a proprietary solution that will enable Lockton to provide comprehensive analysis of healthcare costs and benefits.
"Claims analytics is a key component of the strategic services we provide our clients", said Mike Brewer, Lockton Benefit Group President. "InfoLock's disease management, cost modeling, financial analysis and overall flexibility will enable us to help our clients identify and manage claims costs at a level that was previously unattainable".
PSIMedica CKM is a web-based application that integrates all available health data, costs and quality information on employee benefit experience from sources including health carriers, pharmacy, disability, workers compensation, laboratory, dental, and absence data. By providing unfettered access to all the relevant data in one easily useable, web-based format, CKM makes employee benefit decision processes far more efficient. The value to the employer is control of the critical information upon which major benefits procurement and spending decisions are based.
K-Collector Topics: Health Knowledge Management