Cambridge and Nationwide Better Health Form Strategic Partnership to Offer Integrated Disability Management Solutions.Enhanced Employee Productivity and Increased Savings for Employers GREENWICH, Conn. -- Cambridge Integrated Services, the US leader in innovative claims and risk management services, a Cambridge Solutions Ltd. Company and Nationwide Better Health(SM), an integrated health and productivity management services company, have combined their respective expertise in a strategic partnership to offer Integrated Disability Management (IDM (1) See identity management. (2) (Integrated Device Manufacturer) A company that performs every step of the chip-making process, including design, manufacture, test and packaging. Examples of IDMs are Intel, AMD, Motorola, IBM, TI and Lucent. ) solutions to help employers manage the complexities of employee absence and disability. Extended and short-term employee absences can cost a company nearly 20 percent of its annual payroll in direct and indirect costs. The solutions to managing occupational and non-occupational absences are often complex and expensive. This new program provides employers with the tools to better track and analyze the root cause of employee absenteeism in order to increase productivity and maximize cost savings. "Cambridge and Nationwide Better Health's IDM solution is a consolidated and streamlined program that emphasizes early intervention ear·ly intervention n. Abbr. EI A process of assessment and therapy provided to children, especially those younger than age 6, to facilitate normal cognitive and emotional development and to prevent developmental disability or delay. , active case management, quality control, and realistic return to work options," said Wesley O'Brien, president, Cambridge Integrated Services. "The program helps to reduce the duration of absences, control rising costs, minimize potential fraud and abuse, and deliver significant savings to the employer." Simple and efficient, the IDM solution is a unique offering that integrates services for 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. , short-term disability (STD (Subscriber Trunk Dialing) Long distance dialing outside of the U.S. that does not require operator intervention. STD prefix codes are required and billing is based on call units, which are a fixed amount of money in the currency of that country. ), long-term disability (LTD), FMLA FMLA Family and Medical Leave Act of 1993 FMLA Feminist Majority Leadership Alliance (Family and Medical Leave Act), other non-FMLA leave of absence services, disease management and health promotion. "The goal of our solution is to help customers maintain a healthy and productive workforce," said Bill Evans, president of productivity solutions, Nationwide Better Health. "With the IDM solution, we can create value for employers and provide a better experience for their employees." Getting Employees Back to Work The IDM solution helps employers improve their bottom-line. Easy-to-use, the IDM solution offers: [TABLE OMITTED] About Cambridge Integrated Services Headquartered in Greenwich, Connecticut, United States, Cambridge Integrated Services, a subsidiary of Cambridge Solutions Ltd., is one of the largest independently owned property and casualty claims and risk management services providers. Cambridge serves Fortune 500 self-insured employers, insurance carriers and public entities in the U.S., Europe and Australia. Claims services span workers' compensation; general, auto, professional and product liability; as well as property, personal lines and assumed/ceded 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. . Cambridge also offers a wide array of specialty risk management services including outcomes management and audit consulting, managed care, special investigations, structured settlements, and subrogation/recovery services. For more information, visit: www.cambridgeworldwide.com. About Cambridge Solutions Ltd. Cambridge Solutions Ltd. (HQ: Bangalore, India; USHQ: Greenwich, CT) is a strategic global outsourcing firm with deep expertise in: * IT business consulting, application implementation, software engineering, maintenance and support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services * 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 (BPO BPO Business Process Outsourcing BPO Benevolent & Protective Order (of Elks of the USA) BPO Benzoyl Peroxide BPO Business Process Optimization BPO Broker Price Opinions BPO Buffalo Philharmonic Orchestra ) for insurance, banking and financial services companies; process consulting; transaction processing, finance and accounting back office support; claims and risk management services; inbound and outbound contact centers to support all of these activities; and other processes that require knowledge-based decision making. The Company employs over 4,000 professionals serving customers on 4 continents through over 80 locations worldwide. With offices in the USA, Europe, India, Singapore, and Australia, Cambridge serves Fortune 500 firms, insurance and financial services companies, and public entities around the world. The company's BPO subsidiary was named one of the top three performing BPO companies by Global Services media and neoIT in 2006, and was recently ranked as the 28th leading outsourcing company in the world in the International Association of Outsourcing Professionals (IAOP IAOP International Association of Outsourcing Professionals )'s "2006 Global Outsourcing 100" list, that appeared in a special advertising section in Fortune Magazine. The Company is listed on the major stock exchanges of India (BSE See Bombay Stock Exchange. BSE See Boston Stock Exchange (BSE). , NSE NSE - Network Software Environment: a proprietary CASE framework from Sun Microsystems. , MSE MSE Mouse (computer) MSE Materials Science & Engineering MSE Mean Squared Error MSE Mean Square Error MSE Master of Science in Engineering MSE Manufacturing Systems Engineering MSE Mechanically Stabilized Earth & ASE (Adaptive Server Enterprise) A relational DBMS from Sybase that runs on Windows NT/2000, Linux and a variety of Unix platforms. ASE is a comprehensive and robust data management product with a long history dating back to the late 1980s. ) under the ticker "CAMBRIDGE". For more information, visit: www.cambridgeworldwide.com. About Nationwide Better Health Nationwide Better Health provides a better approach to helping employers plan their health and absence management programs more effectively, reduce health care costs and increase productivity. Nationwide, based in Columbus, Ohio, is one of the largest diversified insurance and financial services organizations in the world, with more than $157 billion in assets. Nationwide ranks #98 on the Fortune 100 list. The company provides a full range of insurance, financial and health management services. The Nationwide companies include the country's seventh-largest property/casualty, the fourth-largest homeowners, the sixth-largest auto insurance group, and the country's largest farm owners' insurer. Nationwide Life Insurance Company, the major subsidiary of Nationwide Financial, ranks 11th in assets according to A.M. Best. For more information, visit www.nationwide.com/betterhealth or call 866-404-NWBH (6924). The Nationwide framemark and On Your Side are federally registered service marks of Nationwide Mutual Insurance Company Nationwide Mutual Insurance Company & Affiliated Companies is a group of large U.S. insurance and financial services companies based in Columbus, Ohio. History Beginnings as Farm Bureau Mutual . Nationwide Better Health is a service mark of Nationwide Mutual Insurance Company. Safe Harbor Certain statements in this release are forward looking statements which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward looking statements. The risks and uncertainties relating to these statements include, but are not limited to risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, intense competition in IT services, including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns in fixed price, fixed time frame contracts, client concentration, restrictions on immigration immigration, entrance of a person (an alien) into a new country for the purpose of establishing permanent residence. Motives for immigration, like those for migration generally, are often economic, although religious or political factors may be very important. , our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, etc. The company does not undertake to update any forward looking statement that may be made from time to time by or on behalf of the company. |
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