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PHCS Insurance Review

Last modified: Sep 29, 2022

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Overall Raiting: 8
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Financial Strength: A
BBB Rating: Not BBB accredited
Coverages: 4/5
Discounts: No notable discounts
Availability: All states
Pricing: Expensive
User Ratings: Overly positive

Private Healthcare Systems Inc (PHCS) is a medical cost management provider established as a collaboration between mid-sized commercial insurance companies looking to develop competitive managed care programs. More specifically, they maintain one of the largest proprietary primary PPO networks with nearly 450 thousand providers across America.  

Today, PHCS is one of the largest health insurance companies in the country, offering a wide range of plans and coverage options to millions of customers. 

This article looks at PHCS, its financial strength, customer satisfaction ratings, and the pros and cons of its plans.          

About The Company

PHCS has been the national leader in health care cost management for over 20 years. They provide a comprehensive array of services that meet your needs, from meeting strategic goals to ensuring quality and financial security— all through their large network of providers and state-of-the market approach with affordability at its core.    

Additionally, PHCS provides health care services, including personalized managed care plans for individuals and families, and a network of doctors— all in one place.  

The company offers an innovative care management service that reviews patient cases and ensures they receive the best treatment available. They work with health insurance providers to cater to individual needs, making it more accessible for everyone.       

Ultimately, PHCS’s goal is to contact their provider in order to offer cheaper visits. They have an extremely high network retention rate, which means once you pick out a family doctor (PCP) for yourself or your employees, it will be available throughout all health plans at no additional cost.    

Financial Strength

PHCS is rated A (Excellent) by A.M. Best Company and AA—(Very Strong) by Standard & Poor’s.  

In 2006, MultiPlan acquired PHCS; since then, it has been a part of the MultiPlan family of companies. MultiPlan is a leading provider of data-driven, technology-enabled healthcare cost management solutions.     

Since its founding during the 1980s with only two clients before expanding into healthcare consulting firms like WPPN (Worldwide Planning Group), HealthEOS Corporation(Consumer Healthcare), or BEC Emergis Corp., they've grown exponentially.

Founded by a group that wanted to take care of their loved ones, MultiPlans' mission is still the same today— giving you peace of mind when it comes time for major medical intervention or recovering from difficult illnesses.                            

MultiPlan is a high-quality health care plan that has been accredited by many organizations, including URAC and NCQA. The company now belongs to The Carlyle Group, which will hopefully keep this valuable asset growing in the right direction.               

PHCS Plans and Coverage 

PHCS offers a variety of plans and coverage options. These include:

PHCS Insurance Review of the Multiplan Acquisition               

As previously mentioned, with a long history of helping healthcare providers and payers partner together, MultiPlan is the only company that provides an integrated suite for managing financial risks associated with claims. 

The platform includes primary strategies and complementary ones like out-of-network benefits or HMO coverage so clients can find solutions tailored specifically to their needs without requiring any additional information about individual plans from other sources.         

It also features easy access through one central dashboard, making it simple even if you don't know what type of plan might work best. 

PHCS Customer Satisfaction and User Ratings

PHCS has a four-star rating on Consumer Affairs, with 64% of reviewers giving the company a positive review. However, 24% of reviewers give PHCS a one-star rating. The main complaints against PHCS are about customer service and billing issues. 

PHCS Cost Quotes

PHCS offers a variety of plans and coverage options to its customers. These include PPO plans, HMO plans, and POS plans. The cost of your PHCS plan will depend on the type of plan you choose, as well as the deductible, co-payments, and co-insurance amounts you select. 

Conclusion

Pros
  • PHCS is a large and well-established company.
  • PHCS offers a wide range of plans and coverage options.
  • PHCS has strong financial ratings from A.M. Best and Standard & Poor’s.
Cons
  • Some customers have complained about customer service and billing issues.
  • The cost of PHCS plans may be higher than some other companies.

To conclude, PHCS is a large and well-established company that offers a wide range of plans and coverage options. PHCS has strong financial ratings from A.M. Best and Standard & Poor’s. However, some customers have complained about customer service and billing issues.

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