RISARC CEO Richard Stephenson Applauds California’s Fast Implementation of Its New State-Run Insurance Marketplace

Burbank, Califonia (PRWEB) May 28, 2013

Richard Stephenson, CEO and Founder of RISARC, a leading national provider of high-technology and revenue recovery solutions to the U.S. health care industry, today publicly applauded the speed and skill with which the State of California is implementing mandate of the federal Affordable Care Act to set up and oversee compatible insurance markets in participating states.

The State’s new Covered California agency, charged with implementing the federal law, announced on Thursday that it has already chosen 13 health plans to participate in the new state-run insurance market. A mix of small regional plans and large commercial insurers were among the winners.

Said Stephenson: “We have supported the federal Affordable Care Act since its very first introduction in Congress. And we have always believed it is not only the correct direction for a country that has too many of its citizens uninsured, but also that the federal plan will truly be affordable if it takes advantage of current, state-of-the-art technical efficiencies that many forward thinking providers have already introduced.”

Added Stephenson: “The efficiencies that are needed to make the federal Affordable Care Act actually affordable will require swift deployment of the latest electronic record systems that permit secure, instantaneous and seamless connections between provider, insurer and federal healthcare agencies. The California action – and the actions of the states that will follow California’s lead –will accelerate implementation of those systems and finally realize the goals of the 2009 HITECH Act which incentives digital health information exchanges.”

The state’s four largest health insurers were all selected in the current round: Kaiser Permanente, Anthem Blue Cross, Blue Shield of California, and Health Net Inc.

The other nine health plans chosen include Alameda Alliance for Health, Chinese Community Health Plan, Contra Costa Health Services, L.A. Care Health Plan, Molina Healthcare, Sharp Health Plan, Valley Health Plan, Ventura County Health Care Plan, and Western Health Advantage.

Most Americans will be required to have health insurance by January 2014 or face a modest penalty.

Concluded Stephenson: “These competitive state insurance exchanges will profoundly help the American medical establishment overcome the paperwork confusion and health delivery redundancies that have plagued even conventional healthcare plans for generations. We can now deliver the quick and accurate capture of health status and care information on every participating patient in formats and files that are securely available to all authorized stakeholders along the healthcare chain – consumers, providers, insurers and agencies.”

About RISARC

RISARC is a leading national high-technology and revenue recovery consulting firm to the health care industry. RISARC, founded in 1990, has recovered over $1 billion for its clients. The company offers the RMSe-bubble™ for secure electronic document exchange and the signature RISARC 360° single-source solution that combines health care revenue cycle expertise with innovative cloud-based, cost-saving technology to help clients optimize existing resources, meet business objectives and reach financial goals. RISARC is a pioneer in health care technology solutions and is a certified Health Information Handler for the Centers for Medicare and Medicaid Services, esMD project. The RMSe-bubble provides the industry’s best secure, HIPAA-compliant environment for electronic record and document exchange and has been endorsed and accepted by providers, commercial insurance carriers and government agencies across the United States.

Please visit us at http://www.risarc.com for additional information

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