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Textron's Chief Human Resources Officer to Deliver Remarks at World Health Care Congress

Posted on: Monday, 17 April 2006, 15:00 CDT

Textron Inc. (NYSE: TXT) announced that John D. Butler, executive vice president administration and chief human resources officer, will speak today at The 3rd Annual World Heath Care Congress in Washington, D.C. Butler, who is the director of the HR Policy Association and chairs the Health Care Quality Reform Initiative, will discuss ongoing efforts to develop a Standard Format for Health Plan Requests for Information (Standard RFI).

The Standard RFI is an initiative that would require health care providers to supply uniform information on the capabilities of their health plans, assisting employers in their efforts to cost-effectively select the best health plans for employees and retirees. The project will be completed in stages over the next two years with elements available for use as early as the 2008 health care contracting cycle.

"Common metrics and greater transparency will help drive down health care costs while increasing the efficiency and quality of available plans, and the Standard RFI is one of the first steps toward realizing this goal," said John D. Butler. "At Textron, we recently orchestrated a major shift in our approach to health care by consolidating offerings to substantially improve benefits for our employees. We know first-hand how critical it is for companies to have policies such as a Standard RFI in place in order to achieve beneficial change within their companies and for their employees."

Butler will speak to the benefits of Standard RFI, including:

-- Reducing administrative costs;

-- Supporting value-based purchasing;

-- Advancing transparency and pay-for-performance; and

-- Developing enhanced methods to assess the relative value of plan performance.

To access Butler's remarks given at this prestigious conference, please visit www.textron.com/newsroom/featured_stories/04_17_2006.jsp.

About HR Policy Association

HR Policy Association, established in 1957, represents the senior human resource executives of more than 250 of America's largest employers. Its members are a cross-section of large employers - both heavy and light manufacturing, auto companies and suppliers, the nation's largest hi-tech companies, financial institutions, retailers, service providers, defense contractors, and energy companies, as well as pharmaceutical companies, health insurers, providers, and health care institutions.

About World Health Care Congress

The 3rd Annual World Health Care Congress is a meeting of chief and senior executives from all sectors of health care. The 2006 conference will convene over 1550 CEOs, senior executives and government officials from the nation's largest employers, hospitals, health systems, health plans, pharmaceutical and biotech companies, and leading government agencies. Authorities and practitioners assemble to present recent results and to develop innovative strategies that foster the creation of a cost-effective and accountable U.S. health care system. The conference agenda includes compelling keynote panel discussions, authoritative industry speakers, international best practices, and recently released case study data. For more information, please visit www.worldcongress.com.

About Textron

Textron Inc. is a $10 billion multi-industry company operating in 33 countries with approximately 37,000 employees in continuing operations. The company leverages its global network of aircraft, industrial and finance businesses to provide customers with innovative solutions and services. Textron is known around the world for its powerful brands such as Bell Helicopter, Cessna Aircraft, Jacobsen, Kautex, Lycoming, E-Z-GO and Greenlee, among others. More information is available at www.textron.com.

Source: Business Wire

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