ASC Alternative Service Concepts Revenue and Competitors

Alternative Service Concepts (ASC) a full-service, workers' compensation and property/casualty third party claims administrator, has entered into a strategic partnership with Merit Insurance and the City of Plano, Texas in the development of the City's Occupational Wellness Center. The objective of the Center is to provide on-site care, thereby increasing employee productivity through a healthy workforce and lowering overall occupational medical costs. The Center will offer complete, professional medical care, including an Occupational Nurse, a Wellness Coordinator, and a Claim Consultant, providing the City's employees with total personalized care. ASC will place one claims adjuster and one claims assistant on site at the Center, fostering open communication and an integrated team. Joey Page, Risk Manager for the City of Plano stated, "ASC is the most professional full-service TPA I have ever worked with. ASC's extreme flexibility and expertise in developing an on-site dedicated unit for the Center has made this transition seamless. They understood our needs and matched their program with ours." Under this partnership Merit Insurance will provide program administration for the City's Occupational Wellness Center. Bob Hayes of Merit Insurance says, "We have found ASC easy to work with and very accommodating to the specific needs of developing the City's Wellness Center. We are looking forward to working with them on future opportunities." Merit Insurance Services, Inc. (formerly Richmont Insurance Managers) was founded in 1997 to serve the specific insurance and risk management needs of large manufacturing and distribution companies. Merit currently places approximately $16,000,000 in insurance premiums annually and has 17 employees. Each of the principals has large national insurance brokerage experience and has worked on national accounts. In June of 2002 Merit relocated to the City of Frisco, Texas. ASC is a management-owned property/casualty and workers' compensation third party claims administrator. ASC's predecessor, Willis Administrative Services Corporation (WASC), was created in 1975. ASC was formed on May 1, 2002 when management purchased the assets of WASC. With offices located strategically throughout the nation, ASC offers multi-line claims management services to a wide range of organizations.