Bloodhound, Inc. and Acclamation Systems, Inc. Increase Efficiency of Claims Adjudication Process.Business Editors RESEARCH TRIANGLE PARK Research Triangle Park, research, business, medical, and educational complex situated in central North Carolina. It has an area of 6,900 acres (2,795 hectares) and is 8 × 2 mi (13 × 3 km) in size. Named for the triangle formed by Duke Univ. , N.C.--(BUSINESS WIRE)--March 8, 2004 Agreement Provides Enhanced Technical Integration to Leading Medical Claims Transaction Technologies Bloodhound bloodhound, breed of large hound whose ancestors were known in the Mediterranean region before the Christian era. It stands about 25 in. (63.5 cm) high at the shoulder and weighs between 80 and 110 lb (36.3–49.9 kg). , Inc. today announced an agreement with Acclamation Systems Inc. to provide greater technical integration for their respective services and applications, to existing and future customers in the medical claims processing industry. The two companies have also established co-marketing programs to ensure that customers have the latest knowledge in the on-going challenge to prevent overpayment o·ver·pay v. o·ver·paid , o·ver·pay·ing, o·ver·pays v.tr. 1. To pay (a party) too much. 2. To pay an amount in excess of (a sum due). v.intr. To pay too much. of claims while meeting the regulatory and contractual obligations for rapid payment to providers. ASI ASI, n See Anxiety Sensitivity Index. provides LuminX (TM), a comprehensive, enterprise-wide, automated benefit management system designed for organizations entrusted with the responsibility of administering health care and other benefits. ASI has successfully created a technical interface to transfer claims information into Bloodhound operations for immediate processing. Claims are analyzed and edited for accuracy and re-submitted to ASI's LuminX system. The client benefits by knowing that each claim has been adjudicated against 14 million editing rules (including intraline and interline in·ter·line 1 tr.v. in·ter·lined, in·ter·lin·ing, in·ter·lines To insert between printed or written lines. in duplicates, re-bundling etc) and that the claim has therefore been edited appropriately for optimal payment. The result is increased savings for the medical claims payor and greater reliability for the adjudication The legal process of resolving a dispute. The formal giving or pronouncing of a judgment or decree in a court proceeding; also the judgment or decision given. The entry of a decree by a court in respect to the parties in a case. process. "ASI seeks partners who provide added value Added value in financial analysis of shares is to be distinguished from value added. Used as a measure of shareholder value, calculated using the formula:
"We are extremely pleased that ASI and Bloodhound are working together to tackle the growing needs of payors for faster, more efficient, and more accurate claims payment. ASI is an excellent company and our claims editing service is now easily integrated," said Bloodhound's CEO Gary Twigg Gary Twigg (born 19 March 1984 in Glasgow, Scotland) is a Scottish footballer who plays with Oxford United in the Conference National. Career Derby County Twigg began his career with English club Derby County having germinated through the youth system. . About Acclamations Systems, Inc. Acclamation Systems, Inc. was founded in 1989 as a joint venture of Coordinated Group of Companies (CGC CGC Canine Good Citizen (AKC Dog Title) CGC Commission Géologique du Canada (Geological Survey of Canada) CGC Confédération Générale des Cadres (French labor union) ), a firm specializing in the administration of employee benefits founded in 1968, and Ecco Consulting, Inc., a systems design firm established in 1965. From inception, the company's objective was to develop a benefit management system that provided the lowest cost per claim in the industry. The project was headed by a multi-disciplined team of professionals representing the insurance industry expertise of CGC and the systems development expertise of Ecco. This uniquely qualified effort yielded LuminX, an automated benefits management system that moves the entire claims processing industry to a new level of productivity and profitability. About Bloodhound, Inc. Bloodhound, Inc. is dedicated to creating a more transparent and objective claims process through a unique expertise in healthcare industry operations and market analytics. Begun as a service for capturing healthcare claims editing savings, the company has evolved a robust, comprehensive offering of technologies, services, and decision support tools that address the critical needs of enhancing provider relations, driving profitable operations, and creating sustainable client competitive advantage. Our lead technology, Claimsguard(TM) Analytics Platform, is a hosted software engine that collects unique claims data, from patient point of service to payor reimbursement Reimbursement Payment made to someone for out-of-pocket expenses has incurred. . Bloodhound has grown to have offices throughout the country and a representative network of brokers, OEMs, and alliance partners serving HMOs, Property and Casualty Insurers, and individual provider organizations. ClaimsGuard is a trademark of Bloodhound, Inc. All other company and product names may be service marks or trademarks of the company with which they are associated. |
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