Central Reserve Life licenses CLAIMS/2000 and AWD.AUSTIN, Texas--(HealthWire)--Nov. 20, 1996--CSC Continuum, a wholly-owned subsidiary of Computer Sciences Corp. (NYSE NYSE See: New York Stock Exchange :CSC), Wednesday announced that Central Reserve Life (CRL CRL - Carnegie Representation Language. Carnegie Group, Inc. Frame language derived from SRL. Written in Common LISP. Used in the product Knowledge Craft. ) purchased licenses to use CLAIMS/2000(TM) and AWD AWD Alive with–disseminated and/or metastatic disease (R) (Automated Work Distributor(TM)). CRL, a leader in the health insurance industry, currently manages all of its business on a self-designed AS/400(R)-based system. The company will transition to the advanced capabilities of the CLAIMS/2000 and AWD systems, which will together provide flexible health benefits administration with intelligent streamlined, work and business process management. The solution also will enable further compatibility among CRL departments. "The CLAIMS/2000 and AWD systems will allow CRL to move our business forward with technology. It will provide the flexibility necessary to stay ahead of the competition," said Frank Grimone, CRL's senior executive vice president and chief financial officer. "By reengineering our workflow around this new system, we can increase customer satisfaction by processing applications and claims more efficiently. At the same time, we can experience significant cost savings and increase profitability." CRL is an Ohio-domiciled company specializing in meeting the insurance needs of small- to mid-sized businesses and individuals. Among the products CRL offers are life insurance, annuities, accident and health insurance, short-term major medical insurance and long-term disability plans. CSC Continuum Inc. is an international consulting and computer software and services firm based in Austin, serving the needs of life and health insurance, property and casualty insurance, banking and other financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. companies. CSC Continuum is a wholly-owned subsidiary of Computer Sciences Corp. (CSC). CSC had $5.2 billion in revenues for the 12 months ended Sept. 27, 1996, including 12 months of revenue from the recently acquired Continuum Co. The Continuum revenues have been combined with CSC's revenues because the acquisition is accounted for as a pooling of interests Pooling of Interests An accounting method, used in mergers and acquisitions, where the balance sheet items of the two companies are simply added together. Notes: The opposite of pooling of interests is the purchase acquisition method. . With headquarters in El Segundo El Segundo (ĕl sēgŭn`dō), industrial city (1990 pop. 15,223), Los Angeles co., S Calif., on Santa Monica Bay; inc. 1917. Its products include navigation and computer systems, aircraft parts, office machines, telephone apparatus, and , Calif., CSC has nearly 40,000 employees in more than 600 offices worldwide, providing clients with a wide range of professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. including management consulting, business reengineering, information systems consulting and integration, and outsourcing. -0- NOTE: CLAIMS/2000 is a trademark of CSC Continuum Inc. AWD and Automated Work Distributor are trademarks of DST Systems Inc. AS/400 is a trademark of IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) . CONTACT: Glenda Holmstrom, 512/338-7892 |
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