Amisys Synertech Inc. Providing Outsourcing for PacifiCare's New Self Directed Health Plan; Adding One of Nation's Largest Health Plans to Customer Base.Business Editors/High-Tech Writers HARRISBURG, Pa.--(BUSINESS WIRE)--July 21, 2003 Amisys Synertech Inc. has signed PacifiCare Health Systems PacifiCare Health Systems (former NYSE: PHS) was a Fortune 500 healthcare company based in Cypress, California. It was acquired by UnitedHealth Group (NYSE: UNH) in late 2005, which continues to market health plans under the PacifiCare name. Inc. (NYSE NYSE See: New York Stock Exchange :PHS (Personal Handyphone System) A TDMA-based cellular phone system introduced in Japan in mid-1995. Operating in the 1880-1930 MHz band, PHS uses microcells that cover an area only 100 to 500 meters in diameter, resulting in lower equipment costs but requiring more base ), one of the nation's leading health and consumer services Consumer Services refers to the formulation, deformulation, technical consulting and testing of most consumer products, such as food, herbs, beverages, vitamins, pharmaceuticals, cosmetics, hair products, household cleaners, [paints, plastics, metals, waxes, coatings, minerals, companies, as a new customer. Under the terms of the agreement, Synertech, a premier application services See ASP and Web services. provider and business process outsourcer for the healthcare payer industry, provides outsourcing services for PacifiCare's new Self Directed Health Plan. Synertech hosts the information system for PacifiCare and processes the health plan's medical claims and provides other administrative services. In addition, Synertech provides customer service for Self Directed Health Plan members and employer customers as well as providers. "Synertech's customized software and success in processing claims for consumer-directed health plans were key factors in our decision to partner with them," said Joe Smith, vice president, product development for PacifiCare Health Plans. "Synertech's experience and scalability, along with its flexible business solutions will help us enhance the service we provide to our members and customers." PacifiCare is the fourth consumer-directed plan for which Synertech provides services. Synertech has tailored its systems and operations to handle the new health plan's multiple accounts. Synertech substantially enhances the Synertech Consumer-Directed System to address and anticipate the CDHP CDHP Consumer-Directed Health Plan CDHP Computational Diffie Hellman Problem market as it grows and matures. "PacifiCare is an innovator in the consumer-driven health care industry, and we are excited to have been selected to provide services for its new Self Directed Health Plan," said Brenda Smoker, 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. of Synertech operations. "We believe PacifiCare and Synertech will make a great team as we address the new opportunities and solutions in the evolution of health insurance for consumers." In consumer-driven health plans, employers give employees increased control over health benefit dollars, allowing more employee involvement in health service purchase decisions. Under most of these health benefit models, members pay for routine health care services of their choice out of a personal care account, which is provided by employers at a set amount each year. Any funds left in the personal care account at the end of the year will roll over and may be used by employees for future medical expenses. If more serious medical services are needed, employees are provided with health insurance that complements the personal care account. About Amisys Synertech, Inc. Amisys Synertech Inc. combines the industry leading and mission-critical products and services of AMISYS and Synertech. AMISYS (www.amisysllc.com) offers comprehensive and substantive information management software to healthcare payers. Its 3000 product provides extensive functionality that meets the enterprise-wide information needs of a variety of health plans. AMISYS Advance expands on the robust functionality of AMISYS 3000 on the HP-UX HP's version of Unix that runs on its 9000 family. It is based on SVID and incorporates features from BSD Unix along with several HP innovations. (operating system) HP-UX - The version of Unix running on Hewlett-Packard workstations. operating system and will include a Web-native GUI (Graphical User Interface) A graphics-based user interface that incorporates movable windows, icons and a mouse. The ability to resize application windows and change style and size of fonts are the significant advantages of a GUI vs. a character-based interface. front end written in Java in Release 2. AMISYS is based in Rockville, Md. and has an additional office in Dubuque, Iowa. Synertech (www.synertechsystems.com), established in 1986, is a leading business process outsourcer and application services provider to the healthcare payer industry. Synertech offers 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 ; consumer-directed solutions; scanning and imaging; claims processing; Web-enabled services; and Medicare Retiree programs. Synertech supports a multimillion-member base, including more than 100,000 members of new consumer-directed health plans. Synertech, which is a Microsoft Certified Partner, is headquartered in Harrisburg, Pa., and has offices in Bloomington, Minn., and Alpharetta, Ga. Kevin Brown is CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Amisys Synertech Inc. PacifiCare Health Systems PacifiCare Health Systems serves more than 3 million health plan members and approximately 9 million specialty plan members nationwide, and has annual revenues of about $11 billion. PacifiCare is celebrating its 25th anniversary as one of the nation's largest consumer health organizations, offering individuals, employers and Medicare beneficiaries a variety of consumer-driven health care and life insurance products. Specialty operations include behavioral health, dental and vision, and complete pharmacy and medical management through its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , Prescription Solutions. More information on PacifiCare Health Systems is available at www.pacificare.com. |
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