|[January 10, 2013]
Devon Health Services Names Managed Healthcare Veteran Thomas N. Nicholson as New Executive Vice President
KING OF PRUSSIA, Pa. --(Business Wire)--
Devon Health Services Inc., a national healthcare cost management
company and owner of a directly-contracted Preferred Provider
Organization (PPO) network, has announced Thomas N. Nicholson as
its new executive vice president.
Mr. Nicholson has over 30 years of healthcare industry experience. He
most recently helped lead a Health Maintenance Organization (HMO) and
third-party administrative (TPA) company in the Midwest United States
for 17 years. Mr. Nicholson will manage the sales and account management
teams at Devon Health and spearhead expansion of the company's
out-of-network claims negotiation division, Consilium.
"Some of the largest healthcare companies in the country have utilized
Mr. Nicholson's expertise, and we are ecstatic to have him join our
executive team," says George E. Bennett, president of Devon Health
Services. "Tom has worked in nearly every facet of managed care, and his
versatile background will be a tremendous asset as we develop creative,
innovative healthcare soluions. We are confident he will help us, our
clients, and our provider partners navigate for success in this
constantly changing industry landscape."
Consilium boasts a proprietary Business Intelligence Software Platform
that develops provider-accepted payment thresholds that drastically
increase savings for non-par claims. Utilizing extensive paid claims and
Medicare data, Consilium's claims negotiators determine fair
reimbursement for out-of-network services rendered. Providers agree to
terms via signature on all settlements and receive payment quickly.
Mr. Nicholson has served on the advisory boards of the country's two
largest national PPO organizations and four of the top 10 largest
stop-loss carriers. He has also served as a principal in one of the
largest insurance agencies in the Midwest. Mr. Nicholson graduated from
Black Hills State University with a Bachelor's Degree in Business.
Background on Devon Health Services, Inc.
Devon Health Services, Inc., (www.devonhealth.com)
is a national healthcare cost management company and owner of a
directly-contracted Preferred Provider Organization (PPO) network in
Pennsylvania, New Jersey, Delaware, and Maryland. The company works with
health insurance payers, third-party administrators (TPA),
self-administered organizations, and healthcare providers to offer
increased access to quality healthcare at affordable contract rates. Consilium,
the company's healthcare claims negotiation division, utilizes a
proprietary Business Intelligence Software Platform that develops
provider-accepted payment thresholds that drastically increase savings
for non-par claims. Devon Health was founded in 1991 and is
headquartered in King of Prussia, Pennsylvania.
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