ChoicePoint Launches Provider Screen.ALPHARETTA, Ga.--(BUSINESS WIRE)--Aug. 30, 1999-- Web-based service enables verification of physicians, vendors and suppliers to HMOs, insurance companies, healthcare corporations at www.providerscreen.com ChoicePoint Inc. (NYSE NYSE See: New York Stock Exchange :CPS (1) (Characters Per Second) The measurement of the speed of a serial printer or the speed of a data transfer between hardware devices or over a communications channel. CPS is equivalent to bytes per second. ) announced today the debut of Provider Screen(TM) (www.providerscreen.com), the world's first web enabled, online service that verifies vital information on physicians and medical suppliers. The service combines all the information and search criteria critical for state and federal agencies, insurance carriers and managed care organizations to identify and avoid fraudulent The description of a willful act commenced with the Specific Intent to deceive or cheat, in order to cause some financial detriment to another and to engender personal financial gain. suppliers and scams. "More than $40 billion is lost each year in Medicare and Medicaid Medicare and Medicaid U.S. government programs in effect since 1966. Medicare covers most people 65 or older and those with long-term disabilities. Part A, a hospital insurance plan, also pays for home health visits and hospice care. fraud alone," explained Jeffery C. McWey, senior vice president of ChoicePoint. "Fraud not only impacts a company's bottom line, but also places an enormous burden on policy holders and tax payers tax payer n → contribuyente m/f tax payer n → contribuable m/f tax payer n → contribuente alike. Provider Screen is designed as a fully integrated online service that provides the healthcare industry with the critical information needed to reduce this abuse." Provider Screen can be pre-configured to allow custom reporting, while providing screening on third party entities that includes high risk address verification, physician sanction sanction, in law and ethics, any inducement to individuals or groups to follow or refrain from following a particular course of conduct. All societies impose sanctions on their members in order to encourage approved behavior. and disciplinary actions, education, licensing information, fraud history, incorporation status, company and corporate officer profiles, Secretary of State and business license information. In addition to user-defined and custom reports, ChoicePoint's Provider Screen also enables customers to initiate field and on-site searches and inspections. Moreover, customers using Provider Screen require only Internet access See how to access the Internet. and no additional software. Currently the product is installed in several major carrier customer sites. The full roll out makes Provider Screen available to any company, plan or business managing healthcare programs. To date Provider Screen is the only fully integrated, online fraud mitigation and verification service serving the needs of the healthcare industry. ChoicePoint is the leading provider of integrated information services See Information Systems. that help businesses, governments and individuals make smarter decisions. Through the identification, retrieval, storage, analysis and delivery of data, the company serves the information needs of the property and casualty insurance market, the life and health market, and the business and government markets, including Fortune 1000 corporations, asset-based lenders and professional service providers, and local, state and federal governments. For more information about ChoicePoint, visit www.choicepointinc.com. NOTE TO EDITORS: ChoicePoint and Provider Screen are trademarks of ChoicePoint Inc. |
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