Oao Technology Solutions (NASDAQ:OAOT)
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OAOHS and Solucient Partner to Enhance Health Care Delivery
Product Suite Improves Bottom Line for Health Plans
WOODLAND HILLS, Calif., Nov. 12 /PRNewswire-FirstCall/ -- OAO HealthCare
Solutions, Inc. (OAOHS) and Solucient(R) have entered into an agreement that
provides health plans with a unique combination of claims processing, editing,
and decision support capabilities. The offering incorporates Solucient's
Peer-A-Med(R) and AUTO-AUDIT(R) tools into the OAOHS product suite, enabling
OAOHS users to more accurately process claims and analyze data to enhance
healthcare delivery and improve their bottom line.
(Logo: http://www.newscom.com/cgi-bin/prnh/20030326/DCW001LOGO )
The agreement delivers on the OAOHS strategy for incorporating leading edge
technologies that help customers comply with increasingly complex regulations
while lowering the cost of healthcare delivery.
OAOHS systems enable payer and provider organizations to improve overall
performance by streamlining workflow and increasing auto-adjudication rates to
lower costs and improve member satisfaction. Solucient's AUTO-AUDIT(R) detects
and corrects coding discrepancies, helping to avoid overpayments to providers.
Peer-A-Med(R) transforms large amounts of provider data into actionable
information that can help lower costs and improve patient outcomes.
"The combination of our OAOHS best-in-class Health Benefit Information Systems
with Solucient's innovative claims editing software will enable customers to
enjoy an integrated electronic editing tool and robust functionality while
dramatically lowering costs and providing them with an unprecedented ROI," said
Wayne Owens, senior vice president, OAOHS Sales & Marketing.
Tom Schramm, vice president, Solucient's Managed Care unit, said: "We are
delighted to pair Solucient's innovative healthcare business information
products with OAOHS best-of-breed systems. We anticipate healthcare users will
recognize immediate and considerable productivity gains, cost savings and
competitive advantage as a result."
About OAO Technology Solutions (OAOT)
OAOT operates across two lines of business: Managed IT and Healthcare IT
solutions. As a partner to global outsourcers and major corporations, OAOT
delivers managed IT solutions to commercial clients and government agencies
worldwide. The Company's key offerings include: application management, IT
infrastructure support, professional staffing services and healthcare IT
solutions. Headquartered in Greenbelt, Maryland, the Company's 2,500+ employees
work in over 200 locations throughout the world. For more information visit
http://www.oaot.com/.
About OAO HealthCare Solutions (OAOHS)
OAO HealthCare Solutions, Inc., (OAOHS) a wholly owned subsidiary of OAO
Technology Solutions, located in Woodland Hills, California, is a leading
provider of electronic health benefit information solutions designed to meet the
specific business needs of healthcare payers and providers. Its fully
integrated information solutions enable healthcare organizations to automate
business processes, streamline operations, and improve workflow. Visit the OAO
Healthcare Solutions web site at http://www.oaohs.com/.
About Solucient
Solucient is the leading source of health care business intelligence. The
company provides comprehensive, results-oriented information to drive business
growth, manage costs, and help deliver quality care. Solucient's expertise and
proven solutions enable providers, payers, employers, and pharmaceutical
companies to achieve results and realize value. For more information, visit
http://www.solucient.com/.
SAFE HARBOR STATEMENT: This news release contains statements that are
forward-looking statements concerning future results, performance or
expectations within the meaning of applicable federal and state securities laws.
These statements are based upon the Company's current expectations and
assumptions, which are subject to risks and uncertainties that may cause actual
results to differ materially from those anticipated or described. These risks
include the risks and uncertainties relating to the difficulties of investments
in infrastructure, expansion of business offerings, opportunities in the
marketplace, future financial results and other factors discussed in the
Company's filings with the Securities and Exchange Commission.
http://www.newscom.com/cgi-bin/prnh/20030326/DCW001LOGO
DATASOURCE: OAO HealthCare Solutions, Inc.
CONTACT: Ambre Chevalier of OAO HealthCare Solutions, Inc.,
+1-888-699-9016; or Deborah Starke, of OAO Technology Solutions,
+1-301-486-2383,
Web site: http://www.oaot.com/
http://www.oaohs.com/
http://www.solucient.com/