HNC Software Acquires Select Assets of Indemni-Med LLC.Business Editors & High-Tech Writers SAN DIEGO--(BUSINESS WIRE)--May 13, 2002 Asset Acquisition Strengthens HNC (HNC Software Inc., San Diego, CA) A software company that specialized in products that detect credit card fraud, manage merchant risk, automate lending decisions and home valuations and manage retail inventories. Founded in 1986 by Robert Hecht-Nielsen and Todd W. Software's Position as the Premier Provider of Bill Review Software and Services for Workers' Compensation workers' compensation, payment by employers for some part of the cost of injuries, or in some cases of occupational diseases, received by employees in the course of their work. and Auto HNC Software Inc., a leading provider of high-end analytics and decision management software, today announced the acquisition of select assets of Indemni-Med Management LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a workers' compensation and automobile insurance medical cost containment cost containment, n the features of a dental benefits program or of the administration of the program designed to reduce or eliminate certain charges to the plan. company. The asset acquisition will expand the volume of HNC's bill review business driven through HNC's leading bill review software, and can enable HNC to expand revenues by providing additional bill review services to Indemni-Med's customer base. "This asset acquisition will expand HNC's customer base and operating leverage Operating Leverage A measurement of the degree to which a firm or project relies on fixed rather than variable costs. Notes: The higher the degree of operating leverage, the greater the potential danger from forecasting risk. ," said Sean Downs, group vice president, Insurance 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. Group of HNC Software. "As a result, HNC will be able to provide our bill review products to former Indemni-Med customers." Previously, Indemni-Med was a client of HNC Software, using the company's medical bill review software for their workers' compensation and auto business. HNC's advanced scientific software products process more than $4.4 billion annually in property and casualty claims costs. They are in use in the operations of nine of the top 10 property and casualty carriers and 65 percent of the nation's state workers' compensation funds. About HNC Software Inc. HNC Software Inc. is a leading provider of high-end analytic and decision management applications and tools that enable global companies to manage customer interactions by converting data and business experiences into real-time recommendations. HNC's proven software empowers Global 2000 companies in the 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. , insurance, telecommunications, healthcare, and other industries and governments to make millions of the right mission-critical customer decisions, and take action in real time, substantially improving financial performance, reducing costs and decreasing risk. For more information, visit www.hnc.com. About Indemni-Med Management LLC Established in 1997, Indemni-Med is a workers' compensation/occupational injury management company that provides telephonic bill review and insurance case management in 41 states for more than 400,000 employees, providing quality disability management to injured workers to produce the best return to work outcome possible. For more information, visit www.indemnimed.com. Cautions About Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. This press release contains forward-looking statements about events and circumstances that have not yet occurred. For example, words such as "will," "expects," "believes" or other statements in the future tense future tense n. A verb tense expressing future time. Noun 1. future tense - a verb tense that expresses actions or states in the future future are forward-looking statements. Actual outcomes and results may significantly differ from expectations in this press release due to a number of risks and uncertainties about the future. Such risks and uncertainties include, without limitation, whether HNC's products and services will reduce or prevent fraudulent transactions and improve customers' operating results. |
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