Horizon Blue Cross Blue Shield of NJ Optimizes a Healthy Portfolio with the Business Engine Network.SAN FRANCISCO San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden -- Business Engine, the leading provider of financial governance software solutions to project-driven organizations, today announced that Horizon Blue Cross Blue Shield Blue Shield A US not-for-profit health care insurer that is a reimbursement intermediary for physicians. Cf Blue Cross. of New Jersey (Horizon BCBSNJ BCBSNJ Blue Cross Blue Shield of New Jersey ), is successfully using its market leading product, the Business Engine Network(TM) (BEN(TM)), to increase visibility and control over its Enterprise Project Management Office and project governance The term Project governance is used in industry, especially in the information technology (IT) sector (see Information technology governance), to describe the processes that need to exist for a successful project. Project Governance is an active rather than just a controlling role. process. With $4B in annual revenues, over 4400 employees, and 3.2 million members, Horizon BCBSNJ is the largest health insurer in the state. The BEN is actively used throughout the organization, with nearly 1000 users in IT, healthcare management, professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. , and marketing utilizing the single source for managing, monitoring, and reporting on strategic corporate projects. "The BEN is an integral part of our Enterprise PMO PMO Prime Minister's Office PMO Premier Oil Plc (stock symbol) PMO Pasteurized Milk Ordinance (USA Milk Industry) PMO Provost Marshal's Office PMO Postmenopausal Osteoporosis ," said George Huffman, EPMO EPMO Enterprise Program Management Office EPMO Estes Park Memorial Observatory (Estes Park, CO, USA) EPMO electronic Program Management Office EPMO Enterprise Program Modernization Office Director at Horizon BCBS BCBS Blue Cross/Blue Shield BCBS Basel Committee on Banking Supervision BCBS Barre Center for Buddhist Studies BCBS Bay City Baptist School BCBS Bishop Cotton Boys School (Bangalore, India) BCBS Bar Code Business Software of NJ. "By optimizing our IT and project governance processes, we are able to get a direct, real-time view into our investment projects as well as our mandated and regulatory initiatives. Now we easily have a handle on which projects are on-going and where they are in the project lifecycle. Clearly, this has raised our credibility and given the business confidence that we are delivering on the right strategic programs." "We recognize that health insurers are always looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. process improvements in delivering the highest quality service and convenience to their members," said Mark Strauch, Chief Executive Officer of Business Engine. "The BEN is the right solution to help drive efficiency and effectiveness of operation. We are excited to have Horizon BCBS of NJ as part of our blue chip customer roster." The BEN is the premier industry-proven(1) choice for bringing financial governance to project-driven organizations. By integrating the entire project portfolio within a single, Web-based enterprise solution, the BEN provides organizations with the visibility and control they need to make informed decisions, align corporate objectives with business investments, and measure results. About Horizon BCBSNJ Horizon Blue Cross Blue Shield of New Jersey, a not-for-profit organization headquartered in Newark, is the state's largest health insurer. It is the only licensed Blue Cross and Blue Shield plan in New Jersey, providing health insurance coverage to nearly three million people throughout all of North, Central, and South Jersey. Our goal is the same as it has been since 1932 - to provide individuals and employers in New Jersey with convenient access to quality health care, wherever they live or work. For more information, visit www.HorizonBlue.com. About Business Engine With more than 20 years experience in developing innovative enterprise applications, Business Engine is the leading provider of financial governance solutions for project-driven organizations. Business Engine solutions provide industry-leading organizations with visibility and control to align corporate objectives with portfolio investments, make informed decisions and generate greater ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot). . Our customers and their customers rely on Business Engine solutions for cost transparency into where investment dollars are being spent and what they are delivering in return. With real-time information about the portfolio, executives at all levels are able to make relevant and actionable decisions that improve business results. Business Engine serves over 80,000 end users at more than 500 global organizations, including Capital One, Western Asset Management, Northrop Grumman, Deutsche Bank, Merrill Lynch, Siemens and Tesco. Visit www.BusinessEngine.com for more information. (1)Business Engine was declared a 'Leader' in the March 2006 Forrester Wave(TM) report entitled "Project Portfolio Management, Q1 2006". |
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