TriNet Customers Gain Access to One of the Nation's Largest Health Plan Networks Services Through New Partnership with Health Net
Relationship Provides Comprehensive Suite of Online Resources, Extensive National Network, and Increased Services While Keeping Costs in Line
SAN LEANDRO, Calif. (March 22, 2004) – TriNet Group, Inc., a human resource (HR) outsourcing provider that offers a single point of contact for benefits, payroll, and HR support, today announced its selection of Health Net, Inc. as its national Preferred Provider Organization (PPO) network. By partnering with Health Net, TriNet continues its strategic commitment to identify and deliver expanded choices to its customers, while keeping price increases below the national average.
Gregory L. Hammond, TriNet's Executive Vice President, Strategic Development said, "Small to medium-sized businesses rely heavily on their benefits packages as a means to compete with larger companies for talent as well as to retain and motivate current employees. Unfortunately, it's exactly this sector that suffers when health and welfare benefits costs skyrocket. TriNet focuses intently on this issue, making sure our customers recognize the most favorable pricing and gain a competitive advantage otherwise not possible for small and medium-sized companies."
He continued, "It's important to note that, while cost is foremost in the minds of consumers, TriNet takes its vendor selection process to the next level. In partnership with Health Net, our clients gain better technology, access to a national network, and new features."
By selecting Health Net as its client PPO network offering, TriNet's customers gain a better nationwide network to service clients, including over 334,000 physicians, 4,400 hospitals and more than 91,000 other healthcare providers and facilities. Health Net has established a customer service team dedicated to TriNet customers, which ensures fast er and more efficient claims processing.
TriNet customers also receive access to online physician and hospital reports.
According to Mercer Consulting, healthcare costs are anticipated to increase by 15% in 2004 and that number is expected to be even higher for small businesses, causing some small business owners to eliminate employee healthcare insurance. TriNet's ongoing management of its benefits plan offerings, including the recent decision to change to Health Net, has kept its increases to 9.15%.
"We're delighted with TriNet's decision to utilize our extensive national PPO network," said George Anderson, vice president of sales for commercial large groups and national accounts for Health Net. "TriNet customers will have access to our vast tools and online resources to help them make better healthcare decisions and manage their illnesses."
More About Health Net
Health Net, Inc. is one of the nation's largest publicly traded managed health care companies. Its mission is to help people be healthy, secure and comfortable. The company's HMO, insured PPO and government contracts subsidiaries provide health benefits to approximately 5.3 million individuals in 14 states through group, individual, Medicare, Medicaid and TRICARE programs. Health Net's subsidiaries also offer managed health care products related to behavioral health and prescription drugs, and offer managed health care product coordination for multi-region employers and administrative services for medical groups and self-funded benefits programs.
For more information on Health Net, Inc., please visit the company's Web site at www.health.net.
About TriNet Group, Inc.
Founded in 1988, TriNet (www.trinet.com) delivers comprehensive human resource services to small and medium-sized companies. Its offerings include human asset administration, employer risk management, online HR services and support, payroll processing, tax compliance, workers' compensation, group health and welfare products, and strategic human capital consulting services throughout the United States and Canada. More than simply an HR services provider, TriNet contractually assumes certain legal and financial responsibilities regarding employer rights, legal compliance and risk management.