Great-West Health Care provides service to two million members enrolled in its health plan, and 401 (k) benefits to another 449,000. It has 90 locations across the country and employs 6,200 people. Its 2004 revenues were $2.6 billion and its assets totaled $37.1 billion. Those numbers indicate an extremely healthy business that appears to be managed well.
Great-West offers a full range of health care plans, life and disability insurance, annuities and retirement savings plan and services. The healthcare sector includes Preferred Provider Organizations and HMO plans, COBRA services, health care management services and physician, hospital and preferred pharmacy networks. Other benefits are group dental and vision plans, and flexible benefit plans. The financial services sector offers retirement services such as employer- sponsored retirement savings plans and services, defined contribution plans, enrollment and education services for employer-sponsored plans as well as administration and record keeping services.
The company maintains a website called My Great West which allows plan participants to register and sign up for a myriad of services. A member can use the site to find a doctor in the network of facilities and medical professionals, view current and past claims, view benefits information, request or print ID cards, access planning tools and ask questions directly to the company. This website also provides secure e-mail for each member of a family insured at Great-West.
An offshoot of the Great-West standard health care plan is the Great-West Healthcare/Healthyroads Complementary Alternative Care Plan. This plan offers alternative treatments such as chiropractic care, acupuncture, massage therapy and dietetic services.
Great-West has had long-term success by maintaining focus on customer needs, and attention to detail. This has resulted in appropriate products, claims-paying ability and operating performance.
One of the best vehicles to measure a health care plan is the rating it receives from nationally recognized rating agencies. The ratings represent the financial strength of a company and its ability to meet ongoing obligations to its members.
A.M. Best Company, Inc. gives Great-West a superior rating, Fitch Ratings provides a rating of very strong, Moody’s Investors Services rates Great-West as excellent, and Standard and Poor’s Rating Service judge the company as very strong.
These ratings indicate that Great-West is performing excellent service to its members and maintaining a strong asset base.
There is a myriad of health care providers from which to choose. It makes sense to investigate a company, find out about its asset base, the way in which it operates, and how ratings companies compare it to other plans. Great-West appears to take pride in the strength of its portfolio and adherence to sound investment principles, while maintaining long-term relationships with its members. This company appears to be one worth investigating when health care or financial planning benefits are needed and a company that deserves to have “great” in its corporate name.
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Once you decide to become part of the expanding, exciting, and in-demand world of healthcare, selecting the best college to meet your needs and goals is clearly one of your most important decisions. Medical Careers Institute, the School of Health Science of ECPI College of Technology, understands the aspirations of people who want to experience the rewards of caring and who want a direct route toward their career goal.
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Courses that you can take with you---the varied curriculums at HoHoKus Rets School of Business have been evaluated by the American Council on Education, allowing graduates to earn up to 55 college credits at more than 1500 colleges and universities across the nation.
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Find out why so many students in Florida and nationwide are choosing Southern Tech as their school of choice. Whether you need to upgrade your skills or change careers, we have the right program to fit your needs. Let us show you how to get the skills you need in a short amount of time so that you can get into your career today!
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Bellevue University, a leader in adult learning, is your best choice. We accept ALL of the credit in your associate's degree - that's EVERY credit in your A.A.S, A.S., A.G.S., and A.A. degree! And, Bellevue University gives you accelerated bachelor's degree completion 100% ONLINE. So, you enroll with your associate's degree, and complete your bachelor's degree in as little as 12 months.
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Tags: care management services, health care, health care, Medical and Nursing, record keeping services
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