Aon Consulting Signs Predictive Modeling Contract With DxCG.Business Editors/Health/Medical Writers BOSTON & CHICAGO--(BUSINESS WIRE)--April 20, 2004 Leading Employee Benefits and Actuarial ac·tu·ar·y n. pl. ac·tu·ar·ies A statistician who computes insurance risks and premiums. [Latin Advisor To Use DxCG Predictive Modeling Software Predictive modeling tools, which use medical and pharmacy claims information to predict future health care costs and evaluate historical performance of medical plans and providers, are starting to take hold in group medical plans. To this end, DxCG(R), Inc., the leading independent provider of predictive modeling software, today announced that Aon Consulting, Inc. has signed an agreement to use DxCG's Diagnostic Cost Groups and RxGroups(R) predictive modeling software for its client work. Terms of the agreement were not disclosed. Use of these tools will be vital in the coming months, especially in light of Aon's 2003 Health Care Trend study finding that average medical plan increases in 2004 could exceed 14% for many employers. A better understanding of current medical expenditures and predictions of future high cost users will maximize health care spend. "With plan sponsors more attentive to managing the cost and quality of care, this alliance with Aon makes tremendous sense," said Marilyn Schlein Kramer, president and 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 DxCG, Inc. "We know that our software can help Aon create client-centric solutions." Joe Marlowe, senior vice president and health care practice leader for Aon Consulting, Inc. added: "We selected DxCG because of its proven superiority and applications for corporate medical plans. Predictive Modeling brings value-added service A value-added service (VAS) is a telecommunications industry term for non-core services or, in short, all services beyond standard voice calls and fax transmissions. to our clients, and we look forward to working with this cutting-edge group." About DxCG, Inc. DxCG promotes fair and efficient health care by providing software solutions to more accurately plan, budget and evaluate health care management programs. DxCG has more than 175 clients, covering over 70 million lives in the US and aboard. The company's Diagnostic Cost Group (DCG DCG - Definite Clause Grammar ) and RxGroups(R) predictive models are used to negotiate health-based payments, identify opportunities for disease management, profile physicians and evaluate managed care programs. Recognized by leading independent researchers as the most proven models available, DxCG's methodologies are used by the federal government to set payment rates for the Medicare Advantage program. For more information, visit the company's Web site at www.dxcg.com. About Aon Aon Corporation (www.aon.com) is a leading provider of risk management services, insurance and reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. brokerage, human capital and management consulting Noun 1. management consulting - a service industry that provides advice to those in charge of running a business service industry - an industry that provides services rather than tangible objects , and specialty insurance underwriting. The company employs approximately 54,000 professionals in its 600 offices in more than 120 countries. Backed by broad resources, industry knowledge and technical expertise, Aon professionals help a wide range of clients develop effective risk management and workforce productivity solutions. Aon Consulting is among the top global human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. consulting firms, with 2003 revenues of $1.193 billion and 7,800 employees in 140 offices throughout the world. Aon Consulting delivers integrated consulting solutions to help clients with employee benefits, human resources outsourcing, compensation, communication and management consulting. This press release contains certain statements relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc future results, which are 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. as that term is defined in 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 forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from either historical or anticipated results, depending on a variety of factors. Potential factors that could impact results include the general economic conditions in different countries around the world, fluctuations in global equity and fixed income markets, exchange rates, rating agency actions, pension funding, ultimate paid claims may be different from actuarial estimates and actuarial estimates may change over time, changes in commercial property and casualty markets and commercial premium rates, the competitive environment, the actual costs of resolution of contingent liabilities Contingent Liability 1. The possibility of an obligation to pay certain sums dependent on future events. 2. Defined obligations by a company that must be met, but the probability of payment is minimal. Notes: 1. and other loss contingencies, the heightened level of potential errors and omissions errors and omissions n. short-hand for malpractice insurance which gives physicians, attorneys, architects, accountants and other professionals coverage for claims by patients and clients for alleged professional errors and omissions which amount to negligence. liability arising from placements of complex policies and sophisticated reinsurance arrangements in an insurance market in which insurer reserves are under pressure, and the timing and resolution of related insurance and reinsurance issues relating to the events of September 11, 2001. Further information concerning the Company and its business, including factors that potentially could materially affect the Company's financial results, is contained in the Company's filings with the Securities and Exchange Commission. |
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