By Steven Lash, President & Chief Executive Officer of Satori World Medical

Satori World Medical was pleased to announce on Wednesday that it has formed a relationship with GreenWood International Insurance Services (GWI), a Managing General Underwriter company based in Boston. Through this new association, our company is able to better serve self-funded employers seeking to offer Satori World Medical’s global healthcare program to their workforce.

As a result of this new relationship, GWI may provide its medical stop-loss underwriting services to employers that choose to offer Satori World Medical’s global healthcare program as an additional health plan benefit option for their employees. Medical stop-loss insurance is designed to help protect self-insured employers from absorbing a majority of the costs associated with high cost claims.

Satori World Medical’s relationship with GWI enables self-funded employers to ensure that international claims are provided for in stop-loss agreements, helping self-funded employers that choose to offer medical travel benefit programs to their employees address the financial liability concerns associated with an insured patient that is traveling abroad for care. This collaboration aligns directly with our company’s core commitment to provide high-quality, cost-effective global healthcare programs, and the necessary contracts and services to enable employers to easily add our program into their existing employee benefit plans.

Added Joseph Sullivan, President of GreenWood International Insurance Services, Inc., “The rising costs of healthcare continue to place a tremendous burden on U.S. companies. Therefore, we fully support innovative programs, such as Satori World Medical, designed to reduce the costs of healthcare across the board.”

For more details about Satori World Medical’s relationship with GWI, please view Satori World Medical’s full press release issued earlier this week.