Patient Infosystems, Inc. and USI Administrators, Inc. Announce Partnership.
ROCHESTER, N.Y.--(BUSINESS WIRE)--July 11, 2000
Patient Infosystems, Inc. (Nasdaq:PATI), a leading provider of Interactive health management programs utilizing Internet and advanced call center communications technology today announced an agreement with USI Administrators, Inc.
Patient Infosystems, Inc. will integrate its NURSE411 Help Line demand management program, its FOREQuest suite of surveys and its CareSense disease management programs for Asthma, Diabetes, Hypertension and Congestive Health Failure into USIA's service offerings for resale.
USI Administrators, Inc. (USIA) is a subsidiary of USI Insurance Services Corp., the nation's sixth largest insurance and financial services broker in the United States, and the tenth largest in the world. USIA is one of the top ten Third Party Administrators in the United States. USIA intends to incorporate the services of Patient Infosystems with USI Care Management and York HealthNet.
USI Care Management is a medical management company specializing in utilization review and case management programs for self-insured, government, HMO and student insurance plans. Its goal is to provide high quality cost effective medical management programs, which emphasize compassionate and professional handling, while maximizing patient benefits through cost effective interventions.
York HealthNet is a prescriptions benefits management company (PBM) that focuses on information driven health solutions.
"This alliance is particularly exciting as it further broadens our capabilities as a fully integrated health management company," said James M. Pennington, President and Chief Executive Officer of USI Administrators. "We have brought together recognized leaders in medical management, pharmaceutical management, network services, and disease and demand management services, providing a distinctive combination of leading edge technological systems, innovative products and services, technical expertise and proven performance in the delivery of value-added solutions."
"Through this marketing partnership, we bring a 'best of class' approach to providing a set of sophisticated, reliable, and flexible tools to successfully reduce health plan expenditures," added Roger L. Chaufournier, President and Chief Executive Officer of Patient Infosystems. "Utilizing these services, clients of USIA will be able to demonstrate success in controlling and reducing costs while effectively managing quality of care and achieving optimal outcomes."
Patient Infosystems is a health management solutions company that integrates clinical expertise with advanced Internet, call center, and data management capabilities. The company offers a comprehensive portfolio of population-based interventions such as risk identification and stratification, demand management, disease management, and case management support software and services to enable organizations to make more informed and timely decisions regarding the care of patients and members. As a result payors and providers more cost-effectively direct the delivery of care services ultimately improving human, clinical, and economic outcomes.
"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: This release contains forward-looking statements that are subject to risks and uncertainties, including, but not limited to, the impact of competitive products and pricing, product demand and market acceptance, new product development, reliance on key strategic alliances, fluctuations in operating results and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.