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McLaren Health Care Receives $2.6 Million in Cost Savings From PHNS; PHNS Contributes $5.7 Million to Several Hospitals'' Bottom Lines in 2002.

Publication: Business Wire
Publication Date: 27-MAY-03
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Business Editors

FLINT, Mich.--(BUSINESS WIRE)--May 27, 2003

PHNS did its part to reduce rising healthcare costs as the company completed issuance of $5.7 million in annual operating cost savings to its healthcare provider outsourcing partners. McLaren Health Care Corporation, PHNS' first healthcare partner that operates five hospitals as a part of a 100 care site system in central Michigan, received a check for $2.6 million.

"The relationship with PHNS has created substantial value for our system," said Philip Incarnati, President/CEO of McLaren Health Care. "What has historically been an area of our organization...

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