Oct 26 2009
Cantor Insurance Group, a unit of Cantor Fitzgerald LP, has joined with Healthcare Interactive to introduce Cantor Health Interactive, a new healthcare software management tool to help businesses monitor and reduce their healthcare costs.
“Most corporations know more detail about the cost of their inventory and office supplies than they do about the cost of their healthcare. Employers need sophisticated tools to measure and control these costs. Our software provides innovative forecasting and simulation capabilities that prevent companies from being blindsided by unexpected medical and pharmacy costs,” said Stuart Hersch, President of Cantor Insurance Group.
“Healthcare costs do not need to rise inexorably and inevitably,” Hersch stated. “We want our clients and their employees to be as educated about healthcare costs as those selling them insurance products and services. Our technology will promote competition; competition will drive down the costs.”
“Cantor has a long and distinguished history of launching new technologies in the financial services industry designed to improve transaction efficiency. We are now applying that philosophy and those skills to control runaway healthcare costs,” he added.
“The Cantor Health Interactive service model is designed to simplify healthcare information and delivery. With the right tools, understanding, education and incentives, we help businesses lower costs today and limit increases in the future,” said Henry Cha, President of Healthcare Interactive.
The Cantor Healthcare Interactive software, which is delivered through a secure, integrated, HIPAA – compliant, intelligent on-line network, has been deployed and tested by more than 100 corporations resulting in average savings of more than 15% on total healthcare costs.
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