ChannelPoint Announces: Leading Healthcare Provider Integrates Innovative E-Commerce Platform.BOSTON--(BW HealthWire)--Sept. 14, 1999-- United HealthCare E-Commerce Case Study Reveals Dramatic Results at LOMA's Emerging Technology Conference in Boston Today at the LOMA lo´ma n. 1. (Zool.) A lobe; a membranous fringe or flap. Emerging Technology Conference in Boston, Mass., Mike Mooney and Ken Hollen, 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. of ChannelPoint, co-presented a case study revealing the exceptional results United HealthCare has seen since it standardized standardized pertaining to data that have been submitted to standardization procedures. standardized morbidity rate see morbidity rate. standardized mortality rate see mortality rate. on ChannelPoint for its insurance distribution processes. Mr. Mooney's comments focused on United HealthCare's e-commerce strategy and use of technology to streamline the 13-million member health provider's administrative processes. "ChannelPoint's e-commerce solutions have enabled us to dramatically reduce the amount of paperwork typically involved in the sales process A sales process is a systematic approach for performing product or service sales. The reasons for having a sales process include seller and buyer risk management, achieving standardized customer interaction in sales and scalable revenue generation. ," said Mooney. "We now respond to proposal requests in minutes, rather than days and are able to provide greater choice in healthcare purchase decisions, thus offering higher levels of customer service. By using the Internet as the cornerstone of our business strategies, we are able to cut costs and grow our business." "United HealthCare is taking the lead using e-commerce solutions as a competitive business advantage," said Hollen. "United has a far-reaching e-commerce strategy that will be the cornerstone of a new approach to selling, underwriting Underwriting 1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt). 2. The process of issuing insurance policies. and installing Small Group health business." Hollen explained to conference attendees, primarily insurance executives representing leading life and healthcare providers, the vision and immediate opportunities for using e-commerce solutions to extend their traditional selling channel to the Web. "Insurance companies are realizing that their distribution function is a tremendous asset, and if properly automated au·to·mate v. au·to·mat·ed, au·to·mat·ing, au·to·mates v.tr. 1. To convert to automatic operation: automate a factory. 2. , a competitive advantage. E-commerce technology and expertise is available today that will allow the insurance industry to evolve into a single source for health and 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. products in the future." E-commerce technology is rapidly emerging as the best solution for automating and seamlessly linking the entire insurance sales and services process. By automating all core sales and distribution processes, it enables carriers to experience a dramatic increase in efficiency and customer service, as well as a significant reduction in time to market. Mr. Hollen also presented the vision and opportunity for a business-to-business Internet exchange See IXP and NAP. that is exclusively focused on insurance and benefits distribution that enables insurance professionals to market, sell, compare and buy insurance products on the Web with unparalleled efficiency and effectiveness. About ChannelPoint, Inc. ChannelPoint is the global leader in reinventing how businesses buy, sell and service insurance and benefits products via the Internet. Leading insurance companies, brokerages and financial institutions use ChannelPoint's "straight-through processing straight-through processing The direct exchange of cash and securities. Straight-through processing is a major objective for cross-border transactions that are generally much more costly to settle compared to domestic transactions. " solutions to maximize sales and efficiency by streamlining their entire distribution cycle. The ChannelPoint Commerce Internet exchange enables complete web-based marketing, buying and selling for businesses and consumers. The ChannelPoint Insure software suite automates carrier and broker activities including proposals, rating, underwriting and renewals. ChannelPoint is headquartered in Colorado Springs Colorado Springs, city (1990 pop. 281,140), seat of El Paso co., central Colo., on Monument and Fountain creeks, at the foot of Pikes Peak; inc. 1886. It is a year-round resort and a booming military, technological, and commercial city. , Colo. For more information, visit http://www.channelpoint.com. Note to editors: ChannelPoint, and ChannelPoint Commerce are trademarks of ChannelPoint, Inc. All other product and company names mentioned herein are the property of their respective owners and are mentioned for identification purposes only. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion