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NovaSys is a full-service
managed-care company and health plan administrator based in
Little Rock.
Owned by some of the prominent healthcare
providers in the state, our unique combination of services
and strong healthcare-provider foundation puts NovaSys in
an excellent position to meet our customers' needs.
A good healthcare partner should provide
an employer with all the tools and expertise to realize the
advantages of offering a self-funded program - and that's
exactly what NovaSys does.
Comprehensive network providers -
With thousands of physicians and a large group of outstanding
hospitals in the NovaSys network, a quality healthcare provider
is always available to meet the needs of your members.
Cost-effective network of providers
- Many of our providers have agreed to fixed-rate contracts
and very attractive discounts. This feature provides some
of the lowest-cost unit pricing available in Arkansas, which
equates to lower claim costs.
Integrated network and administrative
services- NovaSys offers the advantage of owning both
the provider network and the administrative services. This
integration allows NovaSys to better address member and provider
issues, reduces errors from claims administrators applying
provider contracts they didn't negotiate, and removes the
potential for wholesale physician/member disruption.
Local relationship - NovaSys has
a professional staff located in Little Rock. While many managed-care
companies rely on non-Arkansas-based services, NovaSys offers
Arkansas resources to address Arkansas issues. Our local presence
offers faster resolution with a more personable and accountable
level of service.
Lower administration costs - The
medical costs of your healthcare program are high enough without
adding expensive administrative services. By purchasing services
using the clout of our investors and focusing on our expense
structure, NovaSys is able to offer a lower-cost product to
our clients. Also, NovaSys only administers self-funded programs,
so there is no need to cover insurance losses through administrative
fees.
Quality administrative services - Having
more control over the administration of your healthcare program
necessitates having quick and accurate administrative services.
The quality of our administrative service is constantly monitored,
and we guarantee your goals will be met, or we will forfeit
a portion of our fees.
Reinsurance that meets your needs -
Any company can provide you with reinsurance, but NovaSys
has relationships with top-rated insurance carriers that have
recognized the impact of our provider network. This translates
to competitive reinsurance rates from some of the top reinsurance
carriers.
Reports - an understanding
of the utilization and cost issues affecting your plan is
a critical part of managing the healthcare program. NovaSys
performance reports allow you to educate members, change plan
designs, partner with healthcare providers, fine-tune reinsurance
products and implement medical-management programs by better
understanding your utilization and cost trends.
Best-of-class information system - NovaSys
uses the AMISYS claims platform, a system used by many of
the leading health insurers in the country. AMISYS is a robust
and stable platform, allowing us to accept claims electronically
and pay clean claims immediately, freeing up more time for
complex claims or those needing special attention.
Strong performance record - NovaSys
has long provided administrative services to more than 50,000
members and is the network choice for more than 56,000 Arkansans.
That translates to NovaSys paying over 400,000 healthcare
claims each year.
Once you've
seen what NovaSys has to offer, we believe you'll come to
recognize the many advantages that will result from working
with NovaSys. We provide clients with faster, more accurate
claims payments, stronger reinsurance contracts and improved
member satisfaction.
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