ACS to Provide WellPoint with Unique and Cost Efficient Healthcare Communication Services.DALLAS -- The nation's largest health benefits company has selected 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. (NYSE NYSE See: New York Stock Exchange : ACS (Asynchronous Communications Server) See network access server. ) to provide an innovative and cost effective method to communicate with members and providers. Under the new contract with WellPoint, which has the largest medical membership of all benefits companies in the country, ACS will provide healthcare communication services, which includes printing, mailroom mail·room n. A room in which ingoing and outgoing mail is handled for a company or other organization. , member fulfillment services and outbound communications with members and providers of WellPoint's affiliated health plans. ACS will manage more than one billion documents annually, enabling WellPoint to enhance communications with health plan members and providers. ACS will deploy new technology and a unique operating model Operating Model is a term that is used in many contexts. In essence an operating model describes how an organization operates across both business and technology domains. The Operating Model describes what is important for the organization. to consolidate multiple communications or payments into one mailing, dramatically reducing expenses. "ACS is providing WellPoint with an innovative business solution that allows predictable costs, guaranteed and accelerated savings as well as improved communication with members and providers," said David Finkel, WellPoint's senior vice president for service operations. "Nothing is more personal than one's healthcare, and partnering with ACS will allow our associates to spend more time answering questions and providing information to the approximately 35 million members of WellPoint's affiliated health plans." Complementing ACS' existing voice communication services strategy with WellPoint and extending a 20-year relationship, ACS will consolidate printing, processing, and fulfillment for explanation of benefits, provider payments and other outbound correspondence, allowing members and providers to receive the communications or payments in the most efficient manner possible. "ACS' partnership with WellPoint is a creative approach that maximizes savings for WellPoint and allows it to dedicate more resources to and a greater focus on serving members and providers," said Connie Harvey, managing director at ACS. "In addition to immediate savings, WellPoint will benefit from ACS' ability to reduce operating costs operating costs npl → gastos mpl operacionales through our investments in technology and infrastructure." This new approach, which leverages previous investments, corporate expertise and a blend of services, enables ACS to create an additional service offering available to any healthcare payer or insurance organization, enabling payers and insurers to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. ACS expertise in transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. , customer care, recovery services and outbound fulfillment capabilities. ACS has partnered with RedCard Systems, to create operational efficiencies for WellPoint and other healthcare payers. RedCard's technology expertise, across the spectrum of document management and delivery, will enable ACS' clients to reduce their costs while enhancing their correspondence through customized solutions. Relying on more than three decades of experience, ACS touches the lives of nearly one in every three insured individuals in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . ACS supports 16 of the 20 largest health plans, provides healthcare services in 38 different states, and provides services to five of the largest companies providing managed Medicare and Medicaid Medicare and Medicaid U.S. government programs in effect since 1966. Medicare covers most people 65 or older and those with long-term disabilities. Part A, a hospital insurance plan, also pays for home health visits and hospice care. . ACS processes over a billion claims, handles millions of provider and member contacts as well as recovers almost a billion dollars on behalf of its payer customers. Through its business process solutions, ACS allows companies in the health, life, hospital, property and casualty insurance industries to operate more efficiently ensuring that their customers receive their benefits quicker. About ACS ACS, a global FORTUNE 500 company with approximately 74,000 people supporting client operations reaching more than 100 countries, provides business process and information technology 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." Learn more about ACS at http://www.acs-inc.com. The statements in this news release that do not directly relate to historical facts constitute "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " 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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