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Broadspire Selects Valley Oak's iVOS Application for Casualty Claim Management; System Offers Comprehensive Solution to Meet Client Needs.


PLANTATION, Fla. & SAN RAMON San Ramon (Spanish for "Saint Raymond") may refer to one of the following places:

Argentina
  • San Ramón de la Nueva Orán, a city
Costa Rica
  • San Ramón, Costa Rica, the municipality of San Ramón
, Calif. -- Broadspire Services, a Platinum Equity Platinum Equity is an American information technology and private equity firm. It was founded by billionaire Tom Gores in 1995 and is headquartered in Beverly Hills, California.  company that is a premier provider of casualty claims, medical management and integrated disability management services, announced today that it has chosen iVOS(R) from Valley Oak Systems as the company's new casualty claim system.

Broadspire's executive and information technology teams evaluated a number of potential claims systems and chose iVOS based on its ability to offer the most comprehensive solution for 245 clients who receive 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.  and auto and general liability claims services from the TPA (Transient Program Area) See transient area.

TPA - Transient Program Area
. iVOS will replace multiple Broadspire systems and ultimately consolidate claim intake, claim administration, billing, reporting, financial and managed care functionality into a single platform.

"After careful consideration, iVOS was deemed our best option based on ease and speed of implementation, ability to best meet our clients' needs and integration with other critical functions," Broadspire 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.  Dennis Replogle said. "We wanted the most efficient system for our team and, most importantly Adv. 1. most importantly - above and beyond all other consideration; "above all, you must be independent"
above all, most especially
, our clients."

iVOS' simplified, intuitive environment is among the numerous features expected to increase efficiency for Broadspire customers. The system also provides effective solutions for a number of other client concerns including improved workflow automation See workflow. , increased reporting capabilities and customization features to meet specific business needs.

"In addition to the impressive capabilities and flexibility offered by iVOS, its ease of implementation gives our team the opportunity to deliver a fully functional enterprise system in a relatively short time," said Broadspire Senior Vice President and CIO CIO: see American Federation of Labor and Congress of Industrial Organizations.


(Chief Information Officer) The executive officer in charge of information processing in an organization.
 Patrick Funck.

"Our one-system approach is well aligned with Broadspire's goal to consolidate its claims-processing platform. We believe this partnership of innovative technology and Broadspire's impressive team of claims experts will deliver the services and performance to stand out in today's competitive market," said Randy Wheeler, CEO of Valley Oak Systems.

About Broadspire

Broadspire (http://www.choosebroadspire.com), a Platinum Equity company and third-party administrator, offers a broad array of customized casualty, medical management and integrated disability management services designed to increase employee productivity and contain costs. The services Broadspire offers include workers' compensation, auto and general liability claims management; medical and field care management, either integrated with casualty services or available on an unbundled basis; integrated workers' compensation and disability management programs; and risk and safety consulting. Broadspire is based in Plantation, Fla., with 2,800 employees throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. .

About Platinum Equity

Platinum Equity (http://www.platinumequity.com) is a global M&A&O(R) firm specialized in the merger, acquisition and operation of companies that provide services and solutions to customers in a broad range of business markets, including information technology, software, telecommunications, logistics, manufacturing and entertainment distribution. Since its founding in 1995 by entrepreneur Tom Gores, Platinum has acquired more than 60 businesses with more than $12 billion in aggregate revenue at the time of acquisition.

About Valley Oak Systems, Inc.

Valley Oak Systems, Inc. (http://www.valleyoak.com) is a privately held corporation Noun 1. privately held corporation - a corporation owned by a few people; shares have no public market
close corporation, closed corporation, private corporation
 with headquarters in San Ramon, California San Ramon is a city in Contra Costa County, California, United States. It is a part of the San Francisco Bay Area. Since 1980, the population of San Ramon has increased by over 128% from 22,356 to 51,027 in 2005. . Founded in 1994, Valley Oak Systems is dedicated to providing the highest quality software, services and support to enable clients to meet their goals. The company's flagship product iVOS is the leading browser-based claims management software that integrates core insurance processes, system features and claims functions into a "one-system" solution. Since 2002, Valley Oak Systems has been recognized as one of America's fastest growing private companies on the Inc. 500 and Deloitte Technology Fast 500 lists.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Comment:Broadspire Selects Valley Oak's iVOS Application for Casualty Claim Management; System Offers Comprehensive Solution to Meet Client Needs.
Publication:Business Wire
Article Type:Company overview
Geographic Code:1USA
Date:Mar 28, 2006
Words:566
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