Corporate Profile for VIPS Healthcare Information Solutions, dated Aug. 28, 1998.--(BUSINESS WIRE)--The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and online services, including all of the leading Internet-based services. -0-
Published Date: Aug. 28, 1998
Company Name: VIPS Healthcare Information Solutions
Address: 1 W. Pennsylvania Ave.
Towson, MD 21204
Main Telephone
Number: 410/832-8300
Internet Home
Page Address
(URL) www.vips.com
Chief Executive
Officer: Jenny Morgan
Chief Financial
Officer: Larry Campbell
Investor Relations
Contact: Donald Y. Sharp, First Data Corp.
Business number: 770/857-7118
Public Relations
Contact: David Schreiber
Business number: 410/832-8300, ext. 806
Trading Symbol/
Exchange: VIPS is owned by NYSE: FDC
Industry: Health Care Information Technology
Company description: VIPS VIPS Volunteers in Police Service VIPS VAT (value added tax) Information Management System VIPS Veteran Intelligence Professionals for Sanity VIPS Volunteers in Public Schools VIPS VIsion-based Page Segmentation Healthcare Information Solutions develops breakthrough information technology solutions for the health care industry. A wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of First Data Corporation (NYSE NYSE See: New York Stock Exchange : FDC FDC - Floppy Disk Controller ), VIPS operates two divisions, CLASS and Decision Support (DSS (1) (Digital Signature Standard) A National Security Administration standard for authenticating an electronic message. See RSA and digital signature. (2) (Digital Satellite S ). CLASS (claims automation software and services) builds, maintains, and upgrades health care claims processing and adjudication solutions, and provides Y2K and other IT consulting services to the Medicare program. The division's flagship product, VMS(TM), is the national standard system for processing DME (durable medical equipment Durable medical equipment is a term of art used to describe certain Medicare benefits, that is, whether Medicare may pay for the item. The item is defined by Title XVIII the Social Security Act: DSS develops and supports analytical solutions for organizations at risk for health care costs. MCSource(TM) is VIPS' data warehouse and decision support solution for managed care organizations (MCOs). MCSource enables a range of risk-adjusted provider profiling, utilization and quality analyses, and HEDIS HEDIS Health Plan Employer Data & Information Set Managed care An initiative by the National Committee on Quality Assurance to develop, collect, standardize, and report measures of health plan performances. (R) reporting, allowing MCOs to improve quality of care and operational efficiencies. STARS(TM), VIPS' fraud detection, analysis, and reporting package, is used by public-payer and commercial health plans to recover benefit dollars lost to waste, fraud, and abuse. STARS is the most widely deployed product of its kind for Medicare fraud analysis. VIPS customers include commercial insurers, HMOs, Blue Cross and Blue Shield Plans, MSOs, HCFA HCFA abbr. Health Care Financing Administration HCFA, n.pr See Health Care Financing Administration. , Medicaid fiscal agents, and TPAs. CONTACT: VIPS Healthcare Information Solutions |
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