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American CareSource Holdings Adds Cypress Benefit Administrators to Client ... MarketWatch (press release)

, The nation's leading ancillary health care system, announced today that it has signed and implemented an agreement with Appleton, WI-based Cypress Benefit Administrators, a third party administrator (TPA) representing an additional 82,000 covered lives.

David S. Boone, Chief Executive Officer of American CareSource ("ACS"), noted, "The addition of Cypress Benefit Administrators (Cypress) to our client portfolio has provided us with an opportunity to be an integral part of Cypress' solution to providing affordable healthcare. The Cypress Solution suite of services is the first of its kind to merge claims administration and employee decision-making together with cost containment and tracking measure to create customized consumer-driven health plans."

Marsha Phillips, Chief Operating Officer at Cypress Benefit, stated, "We are equally pleased to have solidified this important partnership with ACS. Our company has been pioneering the way toward cost containment in healthcare as the country's first TPA to bring claims administration, consumer-driven health plans, and proven cost control measures together in one package. Through our agreement with ACS we can continue to deliver our clients more choices, more care and more savings."



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