QuikTrip Consolidates Healthcare Costs
TULSA, Okla. -- QuikTrip Inc., operator of nearly 500 convenience stores and employer to more than 10,000 individuals, is the newest client of MultiPlan Inc., the nation's oldest and largest independent PPO network, according to a news release issued by MultiPlan.
MultiPlan announced that QuikTrip will utilize the company's national primary PPO -- the PHCS Network -- throughout the country. To maximize employee choice while still saving on healthcare costs, QuikTrip also will make use of MultiPlan's national complementary network -- The MultiPlan Network -- which give employees access to additional providers offering contracted savings. For payment of healthcare services claims from providers that don't participate in either network, MultiPlan's fee negotiation service will work with providers directly to negotiate specific reductions.
"The size and scale of MultiPlan was a perfect fit for our company. MultiPlan was able to provide a multi-state corporation like ours with a single source for virtually all our healthcare cost management needs," QuikTrip's vice president of human resources, Kim Owen, said in a statement. QuikTrip, with $7.2 billion in sales annually, is ranked 28th on the "Forbes" List of Largest Privately Held Companies and 21st on "Fortune Magazine's" Best Companies to Work For list.
"We are very pleased to have been selected by QuikTrip," said Dale White, MultiPlan's executive vice president of sales and account management. "Their national scope makes them the ideal user of our broad suite of services, which gives their employees access to a broad national base of providers both within their primary PPO and beyond it, while giving QuikTrip the benefit of three integrated opportunities to save on each and every claim submitted."
An estimated 4,500 acute-care hospitals, 110,000 ancillary care facilities and 550,000 healthcare practitioners participate in MultiPlan's networks. Founded in 1970, the company is owned by a group of investors led by The Carlyle Group.
MultiPlan announced that QuikTrip will utilize the company's national primary PPO -- the PHCS Network -- throughout the country. To maximize employee choice while still saving on healthcare costs, QuikTrip also will make use of MultiPlan's national complementary network -- The MultiPlan Network -- which give employees access to additional providers offering contracted savings. For payment of healthcare services claims from providers that don't participate in either network, MultiPlan's fee negotiation service will work with providers directly to negotiate specific reductions.
"The size and scale of MultiPlan was a perfect fit for our company. MultiPlan was able to provide a multi-state corporation like ours with a single source for virtually all our healthcare cost management needs," QuikTrip's vice president of human resources, Kim Owen, said in a statement. QuikTrip, with $7.2 billion in sales annually, is ranked 28th on the "Forbes" List of Largest Privately Held Companies and 21st on "Fortune Magazine's" Best Companies to Work For list.
"We are very pleased to have been selected by QuikTrip," said Dale White, MultiPlan's executive vice president of sales and account management. "Their national scope makes them the ideal user of our broad suite of services, which gives their employees access to a broad national base of providers both within their primary PPO and beyond it, while giving QuikTrip the benefit of three integrated opportunities to save on each and every claim submitted."
An estimated 4,500 acute-care hospitals, 110,000 ancillary care facilities and 550,000 healthcare practitioners participate in MultiPlan's networks. Founded in 1970, the company is owned by a group of investors led by The Carlyle Group.