ACS Wins Expanded BPO Contract With Touchstone Health Partnership, Inc.
DALLAS, April 13 /PRNewswire-FirstCall/ -- Affiliated Computer Services Affiliated Computer Services (ACS) (NYSE: ACS) is a Fortune 500 company that provides information technology outsourcing as well as business process outsourcing solutions to businesses, government agencies, and non-profit organizations. , Inc., , a premier provider of business process and information technology outsourcing Information Technology Outsoucing or ITO is a company's outsourcing of computer or Internet related work, such as programming, to other companies. It is used in refence to Business Process Outsourcing or BPO, which is the outsourcing of the work that does not require so much solutions, announced today that it has signed an expanded business process outsourcing Business process outsourcing (BPO) is the contracting of a specific business task, such as payroll, to a third-party service provider. Usually, BPO is implemented as a cost-saving measure for tasks that a company requires but does not depend upon to maintain its position in (BPO) contract with Touchstone Health Partnership, Inc., (Touchstone Health), a New York City-based Medicare- dedicated care management company that is operated in partnership with physicians. The contract expansion is for three years.
ACS (Asynchronous Communications Server) See network access server. has provided end-to-end BPO services to Touchstone Health since April of 2003, including front-end mailroom, scanning, imaging and workflow, claims entry and payment, capitation payment, back-end printing and mailing services, web portal hosting, and data warehouse, as well as IT and application hosting. ACS will continue to provide services from its healthcare division in Indianapolis, Indiana. All services are delivered utilizing onlineHealthplan(R), ACS' proprietary suite of online applications and tools. Under the terms of the expanded contract, ACS will extend its range of services to cover Touchstone Health's new Medicare Advantage contract in New York.
In November 2004, Touchstone Health received a license from the federal Centers for Medicare and Medicaid Services The Centers for Medicare and Medicaid Services (CMS), previously known as the Health Care Financing Administration (HCFA), is a federal agency within the United States Department of Health and Human Services (DHHS) that administers the Medicare program and to operate New York State's first Medicare Provider Sponsored Organization (PSO). With this recent new line of business that ACS will support, Touchstone Health became the first federally qualified PSO with a Medicare Advantage contract in New York, and currently the only one in the nation.
"ACS' broad experience in healthcare and benefit plan administration, combined with its technology to support these services, were key factors in our decision to expand our relationship," said Rob Caione, EVP, Chief Operating Officer Chief Operating Officer (COO)
The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , Touchstone Health. "We have been very happy with ACS' services over the past two years, and we are confident that ACS will continue to provide the outstanding support we need to broaden and grow within the healthcare arena."
"Our solutions are designed to adapt to ongoing and evolving needs, provide administrative cost-savings, and support our clients' growth," said Lynn Blodgett, Group President of ACS Commercial Solutions. "ACS' core suite of advanced onlineHealthplan tools enabled Touchstone Health to immediately expand its business without having to add additional personnel. We look forward to many more accomplishments as our relationship with Touchstone Health expands."
Founded in 1998, Touchstone Health Partnership, Inc., is a New York City- based care management company, dedicated to exclusively serving the health needs of Medicare beneficiaries. After six successful years of serving New York City's Medicare population through a contract with Health Net, Touchstone Health is expanding its Medicare business scope in new markets. Find out more online at http://www.touchstone-health.com/ .
ACS, a FORTUNE 500 company with more than 47,000 people supporting client operations in nearly 100 countries, provides business process and information technology outsourcing solutions to world-class commercial and government clients. The company's Class A common stock trades on the New York Stock Exchange New York Stock Exchange (NYSE)
World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the symbol "ACS". ACS makes technology work. Visit ACS on the Internet at http://www.acs-inc.com/ .
The statements in this news release that do not directly relate to historical facts constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These statements are subject to numerous risks and uncertainties, many of which are outside the Company's control. As such, no assurance can be given that the actual events and results will not be materially different than the anticipated results described in the forward-looking statements. Factors could cause actual results to differ materially from such forward-looking statements. For a description of these factors, see the Company's prior filings with the Securities and Exchange Commission, including our most recent filing. ACS disclaims any intention or obligation to revise any forward-looking statements, whether as a result of new information, future event, or otherwise.
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Web site: http://www.acs-inc.com/ http://www.touchstone-health.com/