Blue Cross and Blue Shield of Oklahoma Adds Captiva's ClaimPack; InputAccel Customer Expands Use of Captiva Solutions to Automate Claims Processing.Business Editors/High-Tech Writers SAN DIEGO--(BUSINESS WIRE)--Oct. 21, 2003 Captiva Software Captiva Software is now part of EMC Software Group, a division of EMC Corporation.[1] Captiva makes software solutions for document information processing and data capture from paper and electronic documents and provides related services. Corp. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : CPTV CPTV Connecticut Public Television ), a leading provider of input management solutions, today announced that Blue Cross and Blue Shield Blue Shield A US not-for-profit health care insurer that is a reimbursement intermediary for physicians. Cf Blue Cross. of Oklahoma (BCBSOK BCBSOK Blue Cross Blue Shield of Oklahoma ), the state's largest health insurer, has selected ClaimPack(TM), Captiva's award-winning claims processing solution, to capture and process the more than 3 million HCFA HCFA abbr. Health Care Financing Administration HCFA, n.pr See Health Care Financing Administration. and UB92 forms and related documents the organization processes every year. The value of the contract to Captiva is approximately $600,000. The agreement extends the relationship between Captiva and BCBSOK, which has used InputAccel(R), Captiva's flagship document capture solution, for more than a year to transform paper customer correspondence, records, benefit forms and other documents into digital content. With ClaimPack, BCBSOK will be able to replace its antiquated claims capture system and eliminate most of the manual keying of data. ClaimPack employs 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. ) technology to "read" data on claim forms; analyze, correct and validate that data and then automatically export the data into BCBSOK's claims 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. and payment system. With ClaimPack, BCBSOK will be able to automatically capture and process a wider variety of forms and documents, such as UB92s, dental claim forms and enrollment forms, process significantly higher volumes of forms, reduce forms processing times and increase data accuracy. "We're delighted BCBSOK has chosen to continue its relationship with Captiva to help address its claims processing needs," said Blaine Owens, Captiva vice president of worldwide sales. "This expansion illustrates a familiar path of many of our customers. First, they start by capturing paper documents and converting them to digital content with InputAccel for reduced operational costs, improved information quality and accelerated business processes. They then look to expand upon these benefits by automatically capturing business-critical data contained on their incoming documents with FormWare(R), ClaimPack or one of our other input management solutions." ClaimPack is Captiva's claims processing software that automates data and image capture from complex paper and electronic HCFA and UB92 claim forms. Using the latest developments in scanning, image processing image processing Set of computational techniques for analyzing, enhancing, compressing, and reconstructing images. Its main components are importing, in which an image is captured through scanning or digital photography; analysis and manipulation of the image, accomplished and recognition technologies, ClaimPack automatically reads the information on these forms, analyzes, corrects and validates the data and enters it into other enterprise systems. This streamlined process reduces manual data entry costs and processing times, increases the accuracy of the data collected and improves customer service. About Blue Cross and Blue Shield of Oklahoma Group Health Service of Oklahoma Inc., is a mutual corporation doing business as Blue Cross and Blue Shield of Oklahoma for more than 60 years. As the state's oldest and largest private health insurer, Blue Cross and Blue Shield of Oklahoma provides benefit plans for nearly 770,000 Oklahomans. Blue Cross and Blue Shield of Oklahoma is an independent, not-for-profit corporation A not-for-profit corporation is a corporation created by statute, government or judicial authority that is not intended to provide a profit to the owners or members. A corporation that is organized to provide profits to its owners or members is a for-profit corporation. . The organization is managed and controlled by a board of directors comprised of Oklahoma business leaders and health care providers. Its major offices are in Tulsa and Oklahoma City. Blue Cross and Blue Shield of Oklahoma is a member of the Blue Cross and Blue Shield Association
About Captiva Software Captiva Software Corp. (Nasdaq: CPTV) is a leading provider of input management software solutions. Since 1989, the company's award-winning products have been used to manage business critical information from paper, faxed and scanned forms and documents, Internet forms and XML XML in full Extensible Markup Language. Markup language developed to be a simplified and more structural version of SGML. It incorporates features of HTML (e.g., hypertext linking), but is designed to overcome some of HTML's limitations. data streams into the enterprise in a more accurate, timely and cost-effective manner. These products automate the processing of billions of forms and documents annually, converting their contents into information that is usable in database, document, content and other information management systems. Captiva's technology serves thousands of users in insurance, financial services, government, 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 , direct marketing and other markets. For more information, visit www.captivasoftware.com. ClaimPack is a trademark, and InputAccel and FormWare are registered trademarks of Captiva Software Corp. All other trademarks or registered trademarks are the property of their respective owners. This press release may contain forward-looking statements that involve risks and uncertainties, as well as assumptions that, if they prove incorrect, could cause our results to differ materially from those expressed or implied by such forward-looking statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including, among other things, any projections of earnings, revenues (including where the underlying contract has already been signed), or other financial items; any statements of the plans, strategies, and objectives of management for future operations; any statements concerning proposed new products, services, or developments; any statements regarding future economic conditions or performance; statements of belief and any statement of assumptions underlying any of the foregoing. The risks, uncertainties and assumptions referred to above include, among other things, performance of contracts by customers and partners; employee management issues; the timely development, production and acceptance of products and services and their feature sets; the challenge of managing asset levels, including inventory; the flow of products into third-party distribution channels; and the difficulty of keeping expense growth at modest levels while increasing revenues. Announcements of contract awards should not be interpreted as reflecting revenue in any particular period and may relate to revenue recorded in prior periods. These and other risks and factors that could cause events or our results to differ from those expressed or implied by such forward-looking statements are described in our most recent annual report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and quarterly reports on Form 10-Q Form 10-Q See 10-Q. , as well as other subsequent filings with the Securities and Exchange Commission. We assume no obligation and do not intend to update these forward-looking statements. |
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