Lucent Health Solutions and Oak River Technology sign agreement
Oct 08, 2015
OTC Disclosure & News Service
Cheyenne, WY -
October 8, 2015
Lucent Health Solutions and Oak River Technologies (OTC: “TDEY”) Announce New ACA Health Plan Solution for Individuals
Austin, TX— October 5, 2015 — Today, Lucent Health Solutions and Oak River Technologies are pleased to announce an innovative new solution to provide group-type health benefits for the families of members of Associations or Unions. This new Affordable Care Act (“ACA”) compliant Health Plan Solution provides spouses and children of individuals all required essential health coverage, including preventative health services, pharmacy benefits and access to unlimited physician visits, and avoids ACA imposed taxes and penalties.
In partnership with Oak River Technologies, Lucent Health Solutions delivers a health plan that allows a covered worker’s spouse and dependent children meet the new ACA requirements to have minimum essential coverage, all at an affordable price. The new health plan, called Lucent Health MEC, provides the ACA required preventative health services access to physicians over the phone or internet 24 hours a day, seven days a week, and access to many common prescriptions with co-pays of $0 to a maximum of $20. Oak River Technologies provides an easy to use benefits platform that meets all back office requirements, allowing large groups of individuals (members of Associations or Unions) to now enjoy group based health benefits.
“Oak River Technology, through an innovative partnership with Lucent Health, was able to develop and deliver a solution as outlined and thus provide easy benefits process for individual members of Associations and Unions to quickly get their ACA compliant benefits.” “What we have seen is that employees will have coverage through their employers, but their spouses and dependents are not able to obtain coverage because the monthly cost is out of reach for many families’ budgets. This unique product solution is easy to obtain and meets all ACA requirements at a very affordable cost, making ACA compliant coverage available and affordable to far more hard-working Americans,” said Kent Linduff, CEO of Oak River Technology.
About Oak River Technology
Based in San Antonio Texas, Oak River Technology has created an industry changing, unique, cost effective solution for benefits administration.
This proprietary solution simplifies the process, reduces cost for all parties and enhances compliance. This solution now allows access to benefits previously only available through employers and payroll deduction.
Contact: investorrelations@oakrivertech.com
About Lucent Health Solutions
Lucent Health is the nation’s most cost effective Healthcare Risk Management company. Lucent Health utilizes data in the most efficient and effective manner to maximize the impact of aggressive clinical, population and network risk management solutions, delivering the most affordable health plans for all employers.
Based in Nashville, TN, the management team brings over 100+ years of experience in the healthcare and transaction processing industries. Lucent currently manages health benefits for over 120,000 members and previously acquired North America Administrators of Nashville, TN and Capitol Administrators of Rancho Cordova, CA. For more information please visit http://www.lucenthealth.com or call Alex Arnet at 612-940-0141 email: alex.arnet@lucenthealth.com.
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