NASCO Selects Evolution Benefits' Prepaid Card Technology To Help Its Customers Manage CDHC Benefits.AVON, Conn. -- Evolution Benefits, the technology leader in electronic benefit payment services, announced that NASCO NASCO North Atlantic Salmon Conservation Organization NASCO National Account Service Company LLC NASCO National Academy of Science Committee On Oceanography ([R]), which provides system and service solutions for a number of Blue Cross([R]) and Blue Shield Blue Shield A US not-for-profit health care insurer that is a reimbursement intermediary for physicians. Cf Blue Cross. ([R]) Plans across the country, has selected Evolution Benefits as its preferred prepaid benefits card provider. "Offering our Plans the Benny[TM] Prepaid Benefits Card program with its robust technology and ability to achieve high auto-substantiation rates for customers was the next logical step in making it easy for members to manage the multiple accounts that our consumer-directed healthcare program offers," said Darin McDonald, NASCO Vice President and CIO CIO: see American Federation of Labor and Congress of Industrial Organizations. (Chief Information Officer) The executive officer in charge of information processing in an organization. . In 2003, NASCO addressed the growing need for its Blue Plan customers to offer a robust consumer-directed healthcare (CDHC CDHC Consumer Driven Health Care CDHC Community Dental Health Certificate ) solution for their clients by launching the Consumer's Choice product. It offers flexible spending accounts 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 (FSAs), health reimbursement accounts (HRAs), and health savings accounts (HSAs) on a robust defined care platform. "Having the benefits card will make life easier for our Plans and their customers by automatically drawing payment from the appropriate account and reducing the need to submit paper receipts," adds Mike Price, NASCO Director of eBusiness. "With consumers taking responsibility for managing their own healthcare and related expenses, NASCO's single system solution for Blue Cross and Blue Shield Plans stands out as the logical choice for simplifying the process," said Robert Patricelli, chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Evolution Benefits. "Card technology will enhance what these Plans can offer the consumer by taking the complexity out of managing multiple accounts in a consumer directed offering. We are proud that our card technology was the preferred choice for NASCO, a leading edge technology services company with a superb reputation." Blue Plans' prepaid benefits cards powered by Evolution Benefits technology will be available for members in the spring of 2007. Cards can be customized with each Plan's private label. About Evolution Benefits Evolution Benefits, Inc., headquartered in Avon, Connecticut Avon is a town in Hartford County, Connecticut, United States. As of 2005, the town has an estimated total population of 17,209.[1] Avon was settled in 1645 and was originally a part of Farmington but sold to the Puritans in a land charter granted by the Duke of , began operation in 2002 with a mission to provide innovative payment services for the evolving consumer-directed benefits movement. Its primary product, the Benny[TM] Prepaid Benefits Card, applies advanced payment and auto-substantiation technologies to FSAs, HSAs, and HRAs. Evolution Benefits powers the card programs of more than 140 managed care and administrative services organizations and covers more than 4,100 employers, including 50 of the nation's top-ranked Fortune and Forbes companies. Visit www.EvolutionBenefits.com for more information. About NASCO Formed in 1987, NASCO offers system and service solutions exclusively to many BlueCross and BlueShield (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 ) Plans. NASCO's flexible, cost-effective approach to health benefits processing through its centralized processing Processing performed in one computer or in a cluster of coupled computers in a single location. Centralized processing evolved from the computers in the 1960s, which were stand-alone with all input and output in the same room. system offers solutions that give customers a competitive edge in the healthcare marketplace. A single system connecting many BlueCross and BlueShield Plans across the country, NASCO is currently used to process healthcare claims for more than 1,500 accounts. In 2006, BlueCross and BlueShield Plan customers used NASCO to process nearly 140 million claims for over 10 million members. Web site: www.nasco.com. |
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