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If ''This is Not a Bill,'' Then Why am I Getting It?; Newest Quicken Medical Expense Manager Ends Health Care Cost Confusion -- Creates Smart Shoppers.


MOUNTAIN VIEW, Calif. -- The graph directly following the bulleted bul·let·ed  
adj. Printing
Highlighted or set off with bullets: a bulleted list. 
 section should read:

In a recent report, Forrester Research Forrester Research is an independent technology and market research company that provides its clients with advice about technology's impact on business and consumers. Corporate facts
  • Founded: 1983 by George F.
 wrote that, "Intuit in·tu·it  
tr.v. in·tu·it·ed, in·tu·it·ing, in·tu·its Usage Problem
To know intuitively.



[Back-formation from intuition.
 has the ability to be as powerful an agent for transformation in personal healthcare as it was in consumer finance. Quicken A popular financial management program for PCs and Macs from Intuit, Inc., Mountain View, CA (www.intuit.com). It is used to write checks, organize investments and produce a variety of reports for personal finance and small business.  Medical Expense Manager is turning consumers' data into a view of their medical history and a tool for future planning," said vice president Eric Brown Eric Brown is the name of several people:
  • Eric "Winkle" Brown, British test pilot
  • Eric Brown (writer)
  • Eric Brown (actor)
  • Eric Brown (golfer)
  • Eric Brown (college basketball coach)
 in the September 2005 report "Quicken for Healthcare Arrives Quietly."

(sted: Industry analyst Eric Brown, vice president at Forrester Research said, "These are clearly early days for this product category, but Forrester believes that Intuit has the ability to be as powerful an agent for transformation in personal healthcare as it was in consumer finance.")

The corrected release reads:

IF ''THIS IS NOT A BILL,'' THEN WHY AM I GETTING IT?; NEWEST QUICKEN MEDICAL EXPENSE MANAGER ENDS HEALTH CARE COST CONFUSION -- CREATES SMART SHOPPERS

Anyone who's ever received one of those perplexing per·plex  
tr.v. per·plexed, per·plex·ing, per·plex·es
1. To confuse or trouble with uncertainty or doubt. See Synonyms at puzzle.

2. To make confusedly intricate; complicate.
 "This is Not a Bill" medical insurance statements knows the confusion and frustration of dealing with the U.S. health care system.

As the industry focus on consumer-directed health care gains momentum, a key component of this system's success remains stalled -- people don't have the tools required to help them make smart health care spending choices.

To help Americans become smart health care shoppers and dig out from under the avalanche avalanche, rapidly descending large mass of snow, ice, soil, rock, or mixtures of these materials, sliding or falling in response to the force of gravity. Avalanches, which are natural forms of erosion and often seasonal, are usually classified by their content such  of medical bills and paperwork, Intuit Inc. (Nasdaq:INTU INTU Intuit, Inc. (stock abbreviation, AMEX) ) today released Quicken(R) Medical Expense Manager 2.0, the prescription for medical finance headaches.

Quicken Medical Expense Manager 2.0, the newest version of Intuit's pioneering software to manage health care finances, eases the pain of navigating the medical industry maze maze, detail of landscape gardening based on the Greek labyrinth, consisting of intricate paths or alleys lined with high hedges and having a center and exit difficult to find. It was a prominent feature in the formal English gardens of the 17th and 18th cent.  by providing clarity, control and peace of mind.

"Fighting illness or managing the care of a loved one is tough enough. People shouldn't have to fight with the complexities of the health care system at the same time," said Peter Karpas, vice president and general manager of Intuit's Quicken Solutions Group. "We designed Quicken Medical Expense Manager to help those who feel overwhelmed o·ver·whelm  
tr.v. o·ver·whelmed, o·ver·whelm·ing, o·ver·whelms
1. To surge over and submerge; engulf: waves overwhelming the rocky shoreline.

2.
a.
 when trying to understand and keep track of their medical expenses."

Providing Confidence, Ending Confusion

The confusing con·fuse  
v. con·fused, con·fus·ing, con·fus·es

v.tr.
1.
a. To cause to be unable to think with clarity or act with intelligence or understanding; throw off.

b.
 "This is not a Bill" statement is actually an Explanation of Benefits, or EOB EOB Explanation Of Benefits
EOB End Of Block
EOB Eye of the Beholder (game)
EOB Executive Office Building (next to White House)
EOB Electronic Order of Battle
EOB Electricity Oversight Board
 in medical parlance Parlance - A concurrent language.

["Parallel Processing Structures: Languages, Schedules, and Performance Results", P.F. Reynolds, PhD Thesis, UT Austin 1979].
. This document is designed to provide information about the procedures that were performed, their cost and insurance coverage. But in reality, many people either throw it away or file it with other similar notices and forget it. The more than 57 million Americans facing a chronic illness or injury may receive dozens of these notices weekly and are often overwhelmed.

Quicken Medical Expense manager helps people understand what to do when a bill or insurance document comes in, gives them confidence that they are paying only what they truly owe, and provides insight into the complex financial aspects of medical issues, enabling people to make the most of their health care dollars. The software also creates a complete family medical history -- including pets -- all in one place.

Bill Handling Clarity and Control

When users enter an EOB or bill into Quicken Medical Expense Manager, the software immediately helps them determine what to do next: pay the bill, wait for insurance or start asking questions.

The program is also flexible, allowing users to track only high-level data -- such as the service date, patient responsibility and payments -- or delve into details -- such as insurers, deductibles and tax deductions Tax deduction

An expense that a taxpayer is allowed to deduct from taxable income.


tax deduction

See deduction.
.

Quicken Medical Expense Manager also lets users track installment payments Installment payments

Distribution of plan assets to beneficiaries based upon a regular schedule.
 and multiple insurance plan coverage per service, including Medicare.

Pay What You Owe

The Medical Billing Advocates of America estimates that up to 90 percent of medical bills from hospitals and providers contain errors amounting to more than $10 billion annually in overpayments. Quicken Medical Expense Manager makes it easy to identify overpayments and billing errors, and helps manage the dispute process more effectively.

The software provides dispute letter templates for common problems to help users resolve errors more quickly and easily. The letters automatically prefill with data from the expense in question and prompt the user to enter additional information that will help resolve the issue.

Once the dispute is in action, users can keep track of the progress in the software's billing notes. They can also set pop-up reminders that will alert them to stay on top of pending disputes. The reminder feature can also alert users about upcoming appointments, prescription refills and pending expenses.

With the information all in one place and easily accessible, Quicken Medical Expense Manager provides users with an empowering tool that levels the playing field when dealing with insurance companies and providers.

Financial Insight Creates Smart Shoppers

The Report Center provides valuable spending insights enabling users to make better decisions -- something spreadsheets or manual tracking methods can't provide.

By simply entering data from EOBs or bills, users can:

--Compare prescription costs to see if they can save money by switching to a mail order service.

--Compare the cost of similar procedures performed by family doctors or dentists Dentists can refer to one of the following:
  • Practitioners of dentistry
  • The Dentists, a British band active in the 1980s and 1990s
 to see if switching providers is more economical.

--Know when they've met insurance plan deductibles and out-of-pocket maximums so they can make informed decisions when scheduling procedures.

--Track taxable health care deductions and take advantage of overlooked expenses, such as medical mileage MILEAGE. A compensation allowed by law to officers, for their trouble and expenses in travelling on public business.
     2. The mileage allowed to members of congress, is eight dollars for every twenty miles of estimated distance, by the most usual roads, from his
, parking and tolls.

--Follow flexible spending account flexible spending account,
n an employee reimbursement account primarily funded with employee-designated salary reductions. Funds are reimbursed to the employee for health care (medical and/or dental), dependent care, and/or legal expenses and are
 progress to avoid leaving money on the table at the end of the year.

--Create a family medical and prescription history as services are entered. Information regarding any person, provider, insurance, status or date is easily searchable because it is all stored in one place -- no more flipping through stacks of paper or multiple folders.

In a recent report, Forrester Research wrote that, "Intuit has the ability to be as powerful an agent for transformation in personal healthcare as it was in consumer finance. Quicken Medical Expense Manager is turning consumers' data into a view of their medical history and a tool for future planning," said vice president Eric Brown in the September 2005 report "Quicken for Healthcare Arrives Quietly."

Intuit's Karpas said the overwhelmingly positive customer reaction to Quicken Medical Expense Manager comes from how people feel when they use the product.

"People tell us the real benefit of this product is the sense of control it gives them," Karpas said. "Having customers personally thank us for creating a solution that is making their lives easier makes us incredibly proud and spurs us on to do even more to help them."

To further support customers, Intuit is hosting an active community forum at www.quickenmedical.com that gives customers the opportunity to share experiences and assist each other.

Product Availability and Pricing

Quicken Medical Expense Manager 2.0 is sold online at www.quickenmedical.com for a limited time price of $49.99, a $20 discount off the suggested retail price of $69.99.

About Intuit Inc.

Intuit Inc. is a leading provider of business and financial management solutions for small and mid-sized businesses, consumers and accounting professionals. Its flagship products A primary product of a company, which is typically why the company was founded and/or what made it well known. For example, MS-DOS, Windows and the Microsoft Office suite have been flagship products of Microsoft. CorelDRAW is a flagship product of Corel Corporation.  and services, including QuickBooks(R), Quicken(R) and TurboTax(R) software, simplify small business management and payroll processing, personal finance, and tax preparation and filing. ProSeries(R) and Lacerte(R) are Intuit's leading tax preparation software suites for professional accountants.

Founded in 1983, Intuit had annual revenue of more than $2 billion in its fiscal year 2005. The company has nearly 7,000 employees with major offices in 13 states across the U.S. and offices in Canada and the United Kingdom. More information can be found at www.Intuit.com.

Intuit, the Intuit logo and Quicken, among others, are registered trademarks and/or registered service marks of Intuit Inc. in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area.  and other countries. Other parties' trademarks or service marks are the property of their respective owners and should be treated as such.

Note to Editors: for more information about Quicken Medical Expense Manager, including screen shots, box shots, sample data, and customer videos, please visit: www.intuit.com/pressroom and select "Quicken Medical Expense Manager" from the Virtual Press Kits menu.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Feb 6, 2006
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