ChannelPoint Technology Powers Online Sales for GHI.Business Editors & Health/Medical Writers WESTMINSTER, Colo.--(BW HealthWire)--Oct. 30, 2001 ChannelPoint, Inc., a leading provider of business-to-business, e-commerce solutions for the approximately $2.8 trillion global insurance industry and a leading technology solutions provider in the U.S. health insurance market, today announced that Group Health Incorporated (GHI GHI Group Health Incorporated (HMO) GHI German Historical Institute (Washington, DC) GHI Ghost Hunters International GHI Geohazards International GHI Gustav Heinemann-Initiative ), a leading New York-based health insurer, is now employing ChannelPoint's technology to power their Internet-based sales initiatives. "We're thrilled to expand our relationship with GHI as a member of our growing roster of top-tier healthcare clients," said Jess Parks, Vice President of Health and Ancillary Markets at ChannelPoint. "GHI recognizes the value of electronic customer acquisition and is moving aggressively to harness the latest technology to facilitate and expedite ex·pe·dite tr.v. ex·pe·dit·ed, ex·pe·dit·ing, ex·pe·dites 1. To speed up the progress of; accelerate. 2. its sales processes 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. . Our Internet distribution technology gives them significant competitive advantage by allowing brokers to submit real-time proposals for new business sales in the small group segment." ChannelPoint Health Suite, developed over the past four years, is a technology infrastructure that enables health carrier clients to rapidly implement their electronic customer acquisition initiatives. The ChannelPoint technology also affords carriers like GHI the flexibility to easily apply their data to a variety of other electronic sales channels. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. David Henderson David Henderson may be:
tr.v. rev·o·lu·tion·ized, rev·o·lu·tion·iz·ing, rev·o·lu·tion·iz·es 1. To bring about a radical change in: Television has revolutionized news coverage. 2. the way brokers sell GHI's small group products. The development of this new service is part of GHI's strategic goal of making it as easy as possible for brokers to do business with us." GHI now uses Health Suite infrastructure to offer the following features for their small group broker/agent network: -- Real-time Internet-based quotes and proposals -- Sorting and comparing benefits plans by a wide range of data elements, including specific benefits, cost-sharing options, and rates -- Ability to save client data for subsequent retrieval -- Professional branded proposals that can be personalized by the broker/agent and printed or e-mailed to the prospect About GHI Founded in 1937, GHI is the largest not-for-profit health insurer operating statewide in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of . Offering medical, hospital, prescription drug prescription drug Prescription medication Pharmacology An FDA-approved drug which must, by federal law or regulation, be dispensed only pursuant to a prescription–eg, finished dose form and active ingredients subject to the provisos of the Federal Food, Drug, , managed mental health, dental, and vision coverages, GHI provides insurance or administrative services to more than 2.6 million individuals. For more information about GHI and its products and services, and for a direct link to the GHI Express Online Quoting Tool, visit www.ghi.com. For information about GHI HMO HMO health maintenance organization. HMO n. A corporation that is financed by insurance premiums and has member physicians and professional staff who provide curative and preventive medicine within certain financial, , a subsidiary company offering HMO and Point of Service options, visit www.ghihmo.com About ChannelPoint, Inc. ChannelPoint provides Internet-based, business-to-business solutions that enable e-commerce for insurance carriers, distributors and customers in the $2.8 trillion global insurance industry. The company provides solutions and expertise focused on delivering value in the Life, Property & Casualty, and Health Insurance lines of business. ChannelPoint provides technology and services for more than 500 carriers and 60,000 agents and brokers, and powers leading insurance portals. ChannelPoint's technologies leverage the power of the Internet to streamline and automate the insurance distribution process to facilitate end-to-end transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. . The company's technology enables the creation of e-markets that bring together buyers and sellers of insurance products. ChannelPoint is headquartered in Westminster, Colo. For more information, visit www.channelpoint.com. |
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