SOURCE: MultiPlan

August 14, 2007 08:30 ET

MultiPlan Announces New Client QuikTrip Convenience Stores

NEW YORK, NY--(Marketwire - August 14, 2007) - MultiPlan, Inc., the nation's oldest and largest independent PPO network, today announced QuikTrip as a new client. QuikTrip, a gasoline marketer and convenience store operator, has nearly 500 convenience stores, employing over ten thousand people. The company enjoys 7.2 billion dollars in sales annually and is ranked 21st on Fortune Magazine's "Best Companies to Work For" list, and 28th on the Forbes List of Largest Privately Held Companies.

QuikTrip will utilize the company's national primary PPO, the PHCS Network, throughout the country. In order to maximize employee choice while still saving on healthcare costs, QuikTrip will also make use of MultiPlan's national complementary network -- The MultiPlan Network -- to 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.

"We are very pleased to have been selected by QuikTrip," said Dale White, EVP Sales & 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."

MultiPlan has a diverse customer base of healthcare purchasers, including large and mid-sized insurers, third-party administrators, self-funded plans, HMOs and other entities that pay claims on behalf of health plans. Since its inception in 1970, the company's purpose has been to provide clients with a single gateway to a host of primary, complementary and out-of-network strategies for managing the financial risks associated with healthcare claims.

"The size and scale of MultiPlan was a perfect fit for our company," said Kim Owen, Vice President of Human Resources, QuikTrip. "MultiPlan was able to provide a multi-state corporation like ours with a single source for virtually all our healthcare cost management needs."

About MultiPlan

MultiPlan is the industry's most comprehensive provider of medical cost management solutions. The company provides over 2,100 clients with a single gateway to a host of primary, complementary and out-of-network strategies for managing the financial risks associated with healthcare claims. Network services include: PHCS Network, the country's leading independent primary PPO network; The MultiPlan Network®, a national network most often used to complement a primary PPO; and HealthEOS by MultiPlan®, a Wisconsin-based primary PPO. Other services include: fee negotiation, and a national transplant network. An estimated 4,500 acute-care hospitals, 110,000 ancillary care facilities and 550,000 healthcare practitioners participate in our networks. Founded in 1970, MultiPlan is owned by a group of investors led by The Carlyle Group. For more information, visit www.multiplan.com.

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