ELK GROVE, CA – <January 24, 2022>
Prodigy Health Insurance Services, a full-service MGU headquartered in the Pacific Northwest, has through its parent acquired all outstanding shares of benefits captive cell Orien Re. The new acquisition will help launch a group stop loss captive program leading to long-term cost stability for participating employers.
Working closely with third party administrators, consultants and brokers across the country, Prodigy employs a variety of stop-loss arrangements for their self-funded clients, including support of capitated networks, referenced based pricing, employer-based captives, and specialty carve-outs products.
“Our goal is to assist TPA and brokers in building the most cost-efficient and appropriate policy for their customers,” said John Youngs, CEO of Prodigy. “We’re committed to all stakeholders sharing in the risk and rewards of employee benefit plans and welcome dialogue with our future partners of this product in 2022 and beyond.”
In the past year, Prodigy launched Integrated Health Solutions, a level funded solution designed to provide employers and employees with manageable monthly costs while delivering affordable access to healthcare and long-term price stabilization.
“We consistently strive to deliver bottom-line results that improve accessibility to quality healthcare,” Mr. Youngs said. “This acquisition is the next step is making that dream a reality for more employers and member populations across the country.”
More information about Prodigy and their insurance solutions can be found at prodigystoploss.com.
About Prodigy Health Insurance Services
Prodigy delivers innovative solutions to client health plans based on time-tested principles and in-depth knowledge of medical risk management and loss mitigation. In addition to traditional stop loss, we offer experience and expertise in level funded, trust and captive insurance solutions, all designed to help make quality healthcare more affordable and accessible for all. Learn more at prodigystoploss.com.