ADP Integrated Medical Solutions Launches State-of-the-Art Software for the Property & Casualty Insurance Industry.ROCKVILLE, Md.--(BW HealthWire)--May 30, 2001 ADP (1) (Automatic Data Processing) Synonymous with data processing (DP), electronic data processing (EDP) and information processing. (2) (Automatic Data Processing, Inc., Roseland, NJ, www.adp. Integrated Medical Solutions (NYSE NYSE See: New York Stock Exchange :ADP) -- ADP IMS' Impact software brings medical bill review to a new level. -- Impact is the catalyst for ADP IMS' single-source bill review solution for the Property & Casualty industry. ADP IMS (1) See IP Multimedia Subsystem. (2) (Information Management System) An early IBM hierarchical DBMS for IBM mainframes. IMS was widely implemented throughout the 1970s under MVS and continues to be used under z/OS. , the industry leader in providing medical cost containment cost containment, n the features of a dental benefits program or of the administration of the program designed to reduce or eliminate certain charges to the plan. solutions to property and casualty insurers, announced today that they are launching a new platform, "Impact," to elevate the medical bill review process. Impact incorporates the latest technology for effectively auditing injury claims. Impact offers unlimited, real-time access to national provider networks, flexible interfacing capabilities to claims management and case management systems; imaging and optical character recognition optical character recognition (OCR), method for the machine-reading of typeset, typed, and, in some cases, hand-printed letters, numbers, and symbols using optical sensing and a computer. (OCR OCR in full optical character recognition Scanning and comparison technique intended to identify printed text or numerical data. It avoids the need to retype already printed material for data entry. ) options; and the ability to extract data required for state reporting. Impact will be officially launched at three symposiums during the month of June. Several of the leading property and casualty insurance companies have already confirmed their attendance. The symposiums will take place on June 1 at the Lenox Hotel in Boston, MA; June 7 at the Westshore Marriott in Tampa, FL; and June 14 at the Drake Hotel in Chicago, IL. "Our new Impact platform is a core component of our future vision for the auto casualty and workers' compensation workers' compensation, payment by employers for some part of the cost of injuries, or in some cases of occupational diseases, received by employees in the course of their work. industries," said Brendan Malley, Senior Vice President & General Manager, ADP IMS. "Impact's design will solidify our position as the industry leader in developing intelligent software solutions for controlling losses. Impact's integrated imaging, processing efficiencies and enhanced auditing capabilities will revolutionize the bill review process, making it the system of choice for claim's handling." Impact has several features that make it different from any other cost-containment system currently in the industry. In addition to its comprehensive set of medical rules, Impact offers a flexible user interface, single-entry screen for both provider and hospital bills, immediate audit review, integrated, real-time PPO PPO abbr. preferred provider organization PPO Managed care Preferred provider organization, see there Infectious disease Pleuropneumonia-like organism, see there processing, and a single platform for processing both auto casualty and (available this Fall) workers' compensation bills. The platform was built with the latest Microsoft and Oracle technology, and can be deployed directly at the client-site, through the Web, or accessed from ADP IMS' outsourcing operation. As the settlement of injury claims becomes more complex, insurers rely on qualified experts to assist in the management of medical bills. In addition to developing state-of the-art software, ADP IMS has operations that provide full bill auditing and medical review services for auto casualty and workers' compensation insurers. Services include expert bill processing, nurse review, case management, network services and state reporting. ADP IMS is a part of the worldwide Automatic Data Processing Same as data processing. (ADP) family of companies. Automatic Data Processing (NYSE: ADP), with over $6 billion dollars in revenues and 500,000 clients, is one of the largest independent computing services firms in the world. This press release may contain "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. Such forward-looking statements involve known and unknown risks, uncertainties of other factors which my cause actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. |
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