PORTLAND, Maine–(BUSINESS WIRE)–October 9, 2014–
Professional Disability Associates (PDA), a specialty employee benefits consulting firm and Third Party Administrator (TPA), is pleased to announce that it has been named to the Inc. 5000 list of America’s fastest-growing companies. The company, founded in 2001, has experienced rapid growth over the past three years as its portfolio of value-added services supporting the employee benefits industry has attracted new clients and deepened relationships with long-standing clients.
“The growth we’re experiencing is exciting, and is a direct result of our continual focus on developing new services that help our clients solve pressing risk management issues,” said Al Hemond, CEO. “We’re thrilled that this is translating into new opportunities for us.”
PDA’s newest service is Third Party Administration of LTD, STD, ID and Life Waiver claims. Licensed in 50 states, the TPA has quickly become a leading service provider in the industry, with nearly 10,000 claims managed to date. “The response has far exceeded our expectations,” said Hemond.
“We have attracted a world-class team of claim professionals who are dedicated to delivering best-in-class risk management and providing excellent customer service. Their experience levels, quality of work and insights make them invaluable to our clients who are often short-staffed and having challenges attracting claim professionals. PDA also focuses on providing a corporate culture that is open to new, innovative ideas,” said Hemond.
In addition to the TPA, PDA continues to grow its core medical consulting business, particularly in the area of disability file reviews. With an expanding, nationwide network of more than 150 physicians and nurses covering over 45 specialties, the company is able to address almost any claim situation quickly and thoroughly.
“Next to our employees, our network of clinical resources trained in the nuances of disability assessment is our biggest asset, one that we are constantly growing in order to expand our capacity and effectiveness on the widest proportion of claims. The specialized training in assessing functional capacity sets our reviewers well ahead of their peers in this industry,” said Hemond.
What’s next for PDA? “Well, we’re looking at a number of opportunities where we can apply our core expertise in claim management in new ways. In particular, we see an opportunity in Long Term Care,” said Hemond. “We’re very excited to apply our best thinking from a disability standpoint to the specific needs of Long Term Care companies and their insureds, especially given the tremendous and growing need as the baby boomers age.”
Hemond added, “Being named to the Inc. 5000 is a tremendous honor and could not have been possible without the hard work and dedication of the entire PDA team. I know I speak for the whole team when I say we’re even more excited for the next phase of our development in support of our clients.”
PDA is an innovative industry leader in providing specialty risk resources, including medical and vocational consulting services, as well as full-service TPA capabilities to major disability insurers and self-insured employers. With operations in the US and UK, PDA prides itself on delivering customized solutions and exceeding its clients’ expectations. To learn more, please visit our website, www.professionaldisabilityassociates.com.
Professional Disability Associates
Al Hemond, 207-747-4302