Tag Archives: TPA

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FSI Announces the Date for Release of Full Year, 2012 Financial Results and Conference Call

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By Business Wirevia The Motley Fool

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FSI Announces the Date for Release of Full Year, 2012 Financial Results and Conference Call

VICTORIA, British Columbia–(BUSINESS WIRE)– FLEXIBLE SOLUTIONS INTERNATIONAL, INC. (NYSE Amex: FSI, FRANKFURT: FXT), isthe developer and manufacturer of biodegradable polymers for oil extraction, detergent ingredients and water treatment as well as crop nutrient availability chemistry. Flexible Solutions also manufactures biodegradable and environmentally safe water and energy conservation technologies. Today the Company announces the date for release of full year, 2012 financial results.

Flexible Solutions will release full year financial statements, concurrent with our 10k SEC report, on Monday April 01, 2013 after market close. See below for details regarding the related conference call.

A CONFERENCE CALL is scheduled for 11:00 am Eastern Time, 8:00 am Pacific Time, on Tuesday April 02, 2013. CEO, Dan O’Brien will be presenting the conference call and answering questions. To participate in this conference call please dial 1-877-941-0844 (or 1-480-629-9835) just prior to the scheduled call time. The conference call title, “Full Year 2012 Financials,” may be requested.

About Flexible Solutions International

Flexible Solutions International, Inc. (www.flexiblesolutions.com), based in Victoria, British Columbia, is an environmental technology company. The Company’s NanoChem Solutions Inc. subsidiary specializes in biodegradable, water-soluble products utilizing thermal polyaspartate (TPA) biopolymers. TPA beta-proteins are manufactured from the common biological amino acid, L-aspartic and have wide usage including scale inhibitors, detergent ingredients, water treatment and crop enhancement. The other divisions manufacture energy and water conservation products for drinking water, agriculture, industrial markets and swimming pools throughout the world. FSI is the developer and manufacturer of WaterSavr, the world’s first commercially viable water evaporation retardant. WaterSavr reduces evaporation by up to 30% on reservoirs, lakes, aqueducts, irrigation canals, ponds and slow moving rivers. Heatsavr, a “liquid blanket” evaporation retardant for the commercial swimming pool and spa markets, reduces energy costs by 15% to 40% and can result in reduced indoor pool humidity. The Company’s Ecosavr product targets the residential swimming pool market.

Safe Harbor Provision

The Private Securities Litigation Reform Act of 1995 provides a “Safe Harbor” for forward-looking statements. Certain of the statements contained herein, which are not historical facts, are forward looking statement with respect to events, the occurrence of which involve risks and uncertainties. These forward-looking statements may be impacted, either positively or negatively, by various factors. Information concerning potential factors that could affect the company is detailed from time …read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

MetLife's Second Stable Value Study Finds Most Plan Sponsors "Staying the Course" with Stable Value

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By Business Wirevia The Motley Fool

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MetLife’s Second Stable Value Study Finds Most Plan Sponsors “Staying the Course” with Stable Value

NEW YORK–(BUSINESS WIRE)– According to MetLife’s 2013 Stable Value Study, released today, the vast majority (86%) of plan sponsors have been offering stable value as an investment option in their defined contribution (DC) plans for more than two years, and more than 78% are not planning to make changes to their stable value offerings within the next year. Among those plan sponsors that added stable value as an investment option in their DC plan in the past two years, 47% said they did so to provide participants with a “capital preservation fund,” 37% said stable value “offers higher interest rates than other, comparable investments,” and the same percentage said “it was recommended by their recordkeeper/TPA.”

MetLife commissioned this study of 140 plan sponsors and 19 stable value fund providers to gain updated insights into the current landscape of stable value products since its inaugural study, released in 2010. The new study can be found at www.metlife.com/stablevaluestudy.

Among plan sponsors that offer stable value as an investment option in either their 401(k) or 457 plan(s), 48% say that their plan’s stable value option is backed in part by traditional GIC(s), 31% say they include separate account GIC(s) and 19% have synthetic GIC(s). The largest plans (10,000 or more plan participants) are more likely than small plans (100 to 999 participants) to say their offering is backed in part by a synthetic GIC (45% vs. 12%). About 75% of stable value fund providers also indicated their offerings included more than one investment type.

However, when it comes to understanding the arrangements plan sponsors have selected, more than one in five plan sponsors (22%) who offer stable value to their participants said they did not know what types of stable value contracts back their offering, and the low percentage of smaller plans identifying synthetics as elements of their stable value option suggests they may not be aware that pooled stable value funds often incorporate all three types of contracts. This finding is consistent with the results of MetLife’s 2010 Stable Value Study, though the overall level of familiarity among plans sponsors and stable value fund providers has increased for most factors since the initial study.

“The safety and stability provided by stable value funds have made them a consistently popular choice for qualified plan participants, particularly during challenging economic times,” said Thomas Schuster, CFA, vice president and head of Stable Value Investment Products, MetLife. “That said, as the market stabilizes, plan sponsors and fund …read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Ancillary Care Services, WLT Software Accelerate Savings to Clients

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By Business Wirevia The Motley Fool

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Ancillary Care Services, WLT Software Accelerate Savings to Clients

Partnership empowers TPAs with automated cost savings tool and seamless implementation through ACS

DALLAS–(BUSINESS WIRE)– Ancillary Care Services, a subsidiary of American CareSource Holdings, Inc. (NAS: ANCI) , announced today that its growing partnership with WLT Software is working as anticipated to streamline savings for third-party administrators and their clients.

ACS provides TPAs and their clients with a comprehensive national network of more than 34,500 provider sites in a wide range of traditionally high-cost categories, including dialysis, diagnostic imaging and infusion services. In a previously announced strategic alliance, WLT clients gained access to ACS‘ functionality and analytical tools, allowing them to better measure and identify opportunities for savings through the ACS network.

As part of the agreement, a software interface between WLT and ACS was created that allows WLT to easily demonstrate to clients – using the clients’ own historical claims data – the potential savings in providing ancillary care by accessing the ACS network. Once a TPA, having seen the substantial value to its clients, selects ACS, the transition and implementation are seamless.

Once onboard, WLT clients are able to use ACS‘ comprehensive reporting package, which can be tailored to meet their specific needs.

“The ACS partnership with WLT clears the way for TPAs and their clients to access our national ancillary network and the proven healthcare savings it provides,” said Bill Simpson, president and chief operating officer of ACS.

Currently, four TPA clients have contracted to work with the ACS network or are in actual implementation because of the WLT partnership. In addition to its own sales team, ACS works with value-added companies, such as WLT, for channel sales opportunities.

“We expect to add more new accounts in 2013 through our relationship with WLT,” Simpson said.

About WLT Software

WLT Software is an international leader in providing advanced benefit plan administration and medical claims processing software for insurance companies, government employee plans, TPAs and self-administered groups. WLT‘s philosophy of Client Directed Development provides the flexibility to meet the unique needs of each client and proactively adapt to changes and trends in the benefit administration industry. WLT‘s core systems were developed with the understanding that every organization …read more
Source: FULL ARTICLE at DailyFinance