PacifiCare Extends and Expands Amisys Synertech Agreement for BPO Services; Adds HSA, FSA and Debit Card Processing.ROCKVILLE, Md. -- Amisys Synertech Inc. (ASI ASI, n See Anxiety Sensitivity Index. ) and PacifiCare Health Systems PacifiCare Health Systems (former NYSE: PHS) was a Fortune 500 healthcare company based in Cypress, California. It was acquired by UnitedHealth Group (NYSE: UNH) in late 2005, which continues to market health plans under the PacifiCare name. Inc. (NYSE NYSE See: New York Stock Exchange :PHS (Personal Handyphone System) A TDMA-based cellular phone system introduced in Japan in mid-1995. Operating in the 1880-1930 MHz band, PHS uses microcells that cover an area only 100 to 500 meters in diameter, resulting in lower equipment costs but requiring more base ) have agreed to a two-and-a-half-year contract extension for business process outsourcing Business process outsourcing (BPO) is the contracting of a specific business task, such as payroll, to a third-party service provider. Usually, BPO is implemented as a cost-saving measure for tasks that a company requires but does not depend upon to maintain its position in (BPO BPO Business Process Outsourcing BPO Benevolent & Protective Order (of Elks of the USA) BPO Benzoyl Peroxide BPO Business Process Optimization BPO Broker Price Opinions BPO Buffalo Philharmonic Orchestra ) services to support PacifiCare's Self Directed Health Plan in California, Arizona, Nevada, Colorado, Oregon, Washington, Texas and Oklahoma. ASI, the market leader of in-depth software products and advanced outsourcing and claims processing services for healthcare payers, will continue to provide BPO services to PacifiCare through June 2007. PacifiCare is one of the nation's leading health and consumer services companies, serving more than 3 million health plan members and approximately 9 million specialty plan members nationwide. "ASI has provided us with the technology and customer support PacifiCare needed in order to quickly enter the consumer-driven health space," said Joe Smith, vice president, product development for PacifiCare. "We look forward to expanding our partnership with ASI by extending our contract and adding additional Health Savings Account A Health Savings Account (HSA) is a tax-advantaged medical savings account available to taxpayers in the United States who are enrolled in a High Deductible Health Plan (HDHP). The funds contributed to the account are not subject to federal income tax at the time of deposit. (HSA), Flexible Savings Account (FSA) and debit card functionality to compliment our very successful SDHP SDHP South Dakota Highway Patrol product." Expanding upon current BPO services being delivered, ASI will begin providing debit card administration as well as HSA and FSA processing for PacifiCare's Self Directed Health Plan. HSA and FSA administrative services provided by ASI will include enrollment management, claims processing and adjudication, account and contribution management, web services and reporting. ASI will also perform member services for PacifiCare's HSA and FSA products. ASI will continue delivering mailroom processing, data capture and validation services, claims and adjustment processing, authorization entry, and fulfillment services for PacifiCare's 85,000 Self Directed Health Plan members. In addition, ASI will continue to provide customer service for members and employer customers as well as providers. "We are very pleased to continue to expand our deep relationship with PacifiCare to provide innovative products and services to healthcare consumers," said Dave Beaulieu, ASI's Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . "ASI appreciates PacifiCare's vote of confidence in extending our contract and expanding the scope of services and products offered under the umbrella of our relationship." About ASI (Amisys Synertech Inc.) ASI (www.asihealth.com) advances health plan business through its industry-leading products and services. The company delivers comprehensive, mission-critical information management software products and Web capabilities that meet the needs of nearly every healthcare payer model. ASI also provides leading business process outsourcing and application hosting for health plans, supporting a multimillion-member base through its claims processing and consumer-directed services. ASI has offices in Rockville, Md., Harrisburg, Pa., Dubuque, Iowa and Alpharetta, Ga. About PacifiCare Health Systems PacifiCare Health Systems (www.pacificare.com) serves more than 3 million health plan members and approximately 9 million specialty plan members nationwide, and has annual revenues of about $11 billion. PacifiCare is celebrating its 25th anniversary as one of the nation's largest consumer health organizations, offering individuals, employers and Medicare beneficiaries a variety of consumer-driven health care and life insurance products. Specialty operations include behavioral health, dental and vision, and complete pharmacy and medical management through its 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. , Prescription Solutions. |
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