Press Releases

The Principal Financial Group® (The Principal®), a global financial company offering many products and services including life and health insurance, has completed the implementation of Portico Systems’ Integrated Provider Management (IPM) solutions.  The IPM solutions are used to identify, recruit and manage providers in its network.

As a second step, The Principal will use the Portico Choreo Provider Contracting Solution to transform its paper-based provider contract process to a systematic process, which enables automated, workflow driven contract administration and communication. This will create a more seamless and efficient process for managing provider relationships and will help lower administrative costs.

“We are excited by this opportunity to continue our existing relationship with the Principal Financial Group,” said Bill Pocklington, EVP of Portico Systems. “After completing the first implementation and go-live of the main provider management solution for The Principal; provider contract management was the next logical provider initiative that we could provide. We look forward to making the provider contract initiative as successful as our first initiative with The Principal.”

About Principal Financial Group

The Principal Financial Group® (The Principal®) is a leader in offering businesses, individuals and institutional clients a wide range of financial products and services, including retirement and investment services, life and health insurance, and banking through its diverse family of financial services companies. A member of the Fortune 500, the Principal Financial Group has $284.7 billion in assets under management and serves some 18.9 million customers worldwide from offices in Asia, Australia, Europe, Latin America and the United States. Principal Financial Group, Inc. is traded on the New York Stock Exchange under the ticker symbol PFG. For more information, visit www.principal.com.