BCBSOKBlue Cross Blue Shield of Oklahoma
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BCBSOK and HCSC will now engage in a period of due diligence to determine whether to enter into a definitive agreement.
We're delighted BCBSOK has chosen to continue its relationship with Captiva to help address its claims processing needs," said Blaine Owens, Captiva vice president of worldwide sales.
Best notes that BCBSOK conservatively estimates claims reserves and has increased them by more than $45 million in 2002.
BCBSOK is the largest health care benefits provider within Oklahoma.
The ratings on BlueLincs HMO reflect its status as a core operation of BCBSOK.
BCBSOK is the leading health insurer in Oklahoma, with a market share of about 25% (31% including the National Blue Card Program underwritten by other BCBS entities) of the insured population.
The ratings on BlueLincs HMO are based on Standard & Poor's belief that it is a core operation of BCBSOK.