RECENT PRESS
Keenan's Healthcare Division Adds New Technology Infrastructure to Address Employers' Disease Management Concerns & Develop Targeted Solutions

Contact: Frank Public Relations Worldwide, Peggy C. Frank, MBA, 818.735.3591, pfrank@frankpr.com

Torrance, CA– August 29, 2005 --Keenan, the largest privately held broker and consultant in California, announced today it is implementing new claims data analysis tools for their employee benefits consulting practice. PSIMedica Clinical Knowledge Manager (CKM) quantifies where employer’s benefit dollars are going—so that Keenan can apply best practices, and Keenan’s own industry-specific database to identify areas for potential costs savings. This is a significant development that provides employers new ways to hold down the costs of health care benefit coverage without having to pass along the rising costs to employees.


Tom Edwards, Senior Vice President of Keenan & Associates, says, “With today’s clinical utilization patterns and the resulting impact in spiraling health care benefit costs, Keenan is maintaining its leadership in finding ways that both employers and employees can receive the coverage they need, at the best possible costs to both. With the implementation of the new claims data base provided by PSIMedica CKM technology, and our time-honored commitment to a collaborative relationship with our clients, we will be able to make a quantifiable impact on costs.”

Adds Steve Richter, Keenan’s HealthCare Senior Vice President, “For more than three decades, clients have looked to Keenan for creating solutions to some of their most pressing concerns. This is another example of our dedication to exceed customer expectations by helping our clients understand the disease burden in their workforce and develop targeted solutions to improve quality and reduce costs.”

About Keenan & Associates
Keenan & Associates, headquartered in Torrance, CA, was founded in 1972. Keenan has grown to the 17th largest insurance broker in the United States. With a network of offices located throughout California and a staff of more than 600 insurance specialists, Keenan continuously provides unparalleled service and customized solutions to our clients.

Keenan is a full service broker, dedicated to providing superior insurance products and services. Our exceptional growth is directly related to our concentration on meeting the risk management, employee benefits, workers' compensation and property & liability consulting and brokerage objectives of public entities, health care systems, and high-tech firms. For more information, call 1.800.654.8102, or email INFO@KEENAN.COM. Visit our web site at WWW.KEENAN.COM.

About PSIMedica
PSIMedica, headquartered in Washington, DC, is the health informatics division of Bio-Reference Laboratories, Inc., the largest regional clinical laboratory in the Northeast U.S. Bio-Reference Labs is a publicly traded corporation (BRLI-NASDAQ). PSIMedica was formed to exploit the full potential of integrating medical and pharmacy claims data with laboratory and radiology data to advance knowledge management in healthcare. PSIMedica’s current applications, among others, include health plan benefit design modeling, FASB 106 retiree reserves valuation, support for health and productivity initiatives such as disease management and provider pay for performance, and employee healthcare report cards.


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