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ACH, a King of Prussia, Pennsylvania-based third party
administrator, provides benefits administration services to national
employers with multi-state locations and with average group sizes from
50 - 5000 employees. ACH is one of the most technology-oriented TPAs
in America, serving clients that include Florida Power & Light,
Integrated Health Systems, and the Philadelphia Phillies.
Under the terms of the agreement, ACH will utilize an extensive
suite of HealthAxis software and services including Insur-Image(TM)
and Insur-Scan. Using this software and related services is expected
to lower ACH's claims processing costs by up to 80 percent, improve
its claims processing cycle time, and enable the client to migrate
towards a wholly electronic claims processing environment.
``America's Choice Healthplans' decision to source claims
processing technology from HealthAxis is further validation of the
strength of our corporate-wide offering,'' said Michael Ashker,
president and chief executive officer of HealthAxis. ``ACH is a leader
in healthcare administration and is known for its use of innovative
technology. We look forward to helping ACH in its quest to improve
customer service while lowering operating costs through the
implementation of new technology.''
``This Company has always been a strong believer in the ability of
technology to improve both the effectiveness and efficiency of the
delivery of our services,'' said Clelland Green, chief executive
officer of America's Choice Healthplans. ``We reviewed a wide array of
vendors and found that HealthAxis' offering of technology and services
comprised a superior value proposition, given our needs. We are eager
to begin the implementation process.''
About HealthAxis.com
HealthAxis.com, a subsidiary of HealthAxis Inc., is the proven
leader in web-enabling both healthcare payers and the health insurance
intermediaries through which product is sold and serviced. The
Company's proprietary Insur-Web(TM), Insur-Enroll(TM), and
Insur-Admin® product line allows clients to participate in the
emerging digital economy.
This fully XML-enabled line of software extends clients' legacy
enterprise applications to the World Wide Web, allowing clients to
manage Web transactions across the entire spectrum of health insurance
operations--plan rating engines, distribution, enrollment, and member
services.
Additionally, HealthAxis provides payers with software and
services for claims processing, plan administration, and imaging
through the following products: Insur-Claims®, Insur-Dental®,
Insur-Image®, and Insur-Voice®.
The Company's customers include leading health insurers, several
Blue Cross/Blue Shield organizations, third-party administrators, and
Web-based insurance and benefits marketers. HealthAxis.com is
headquartered in suburban Philadelphia, with significant operations in
Dallas, as well as offices in eight additional locations both domestic
and abroad. The company employs over 350 IT professionals.
About America's Choice Healthplans, Inc.
America's Choice Healthplans is the world's first online
third-party benefits administrator to leverage the power of the
Internet to improve employer's efficiencies and provide greater
management control through real-time, online communications.
The company's Web site, (www.ACHonline.com) is the only online
resource to provide employers the comprehensive, interactive benefits
information they need to best manage employee benefits programs, as
well as allow their employees to live healthier lives.
For employers, ACHonline.com provides the ability to monitor,
review and alter employee claims and eligibility, as well as generate
real-time, on-the-fly graphical reports they can use to manage their
program on a day-to-day basis.
For employees, ACHonline.com offers the ease and convenience of
being able to review claims, find physicians and health care providers
and receive detailed explanations of their benefits and their plans.
America's Choice Healthplans works in partnership with some of the
nation's leading health care providers and offers a range of benefit
programs including health, dental, prescription drug, vision, life,
and disability.
Safe Harbor Statement Under the Private Securities Litigation
Reform Act of 1995:
Certain statements made by the Companies, which are not historical
facts may be considered forward-looking statements, including, without
limitation, statements as to trends, managements' beliefs,
expectations, forecasts and opinions, which are based upon a number of
assumptions concerning future conditions that ultimately may prove to
be inaccurate.
Such forward-looking statements are subject to risks and
uncertainties and may be affected by various factors, which may cause
actual results to differ materially from those in the forward-looking
statements.
For further information, which could cause actual results to
differ from the Companies' expectations as well as other factors,
which could affect the Companies' financial statements, please refer
to HealthAxis Inc.'s reports filed with the Securities and Exchange
Commission or the ACH Company contact listed above.
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