BW0287 NOV 01,2000 7:26 PACIFIC 10:26 EASTERN
( BW)(PA-HEALTHAXIS)(HAXS) HealthAxis.com Appoints Richard Grehalva as New Senior Vice President of Sales & Marketing
Business Editors
PHILADELPHIA--(BUSINESS WIRE)--Nov. 1, 2000--
Former Computer Sciences Corporation Executive to Lead HealthAxis.com's Sales Group
HealthAxis.com, a subsidiary of HealthAxis Inc. (NASDAQ:HAXS) and a leading provider of web-enabling software solutions for healthcare payers and intermediaries, today announced the appointment of Richard Grehalva to the HealthAxis.com senior management team.
Mr. Grehalva will become Senior Vice President of Sales and Marketing, with responsibility for all company sales activities. Mr. Grehalva will join the company effective mid-November.
Mr. Grehalva comes to HealthAxis.com from a background that includes twenty -years of increasing responsibility in various healthcare application roles at Computer Sciences Corporation, one of the nation's largest IT providers with over $9 billion in annual revenues.
Mr. Grehalva's last role at CSC was as Vice President and General Manager for Payer Applications at the company's CSC HealthCare Systems unit, where he managed a staff of over 400 generating approximately $300 million in annual revenues.
Mr. Grehalva left CSC in 1998 to become Senior Vice President for Global Sales and Marketing for Satyam Computer Services, an India-based software company, where he grew company revenues three-fold to $150 million in only 18 months. At CSC, Mr. Grehalva was responsible for winning a number of multi-hundred million-dollar accounts, and at Satyam was responsible for numerous large customer signings.
"Rich Grehalva is an exciting addition to the HealthAxis.com team," said Michael Ashker, HealthAxis.com's Chief Executive Officer. "Rich brings to HealthAxis.com a sterling background in sales and marketing, having built large and productive sales forces and grown revenue substantially at each stop in his career.
"His proven ability to consistently win new business in such highly competitive environments as Computer Sciences' gives me great confidence that Rich will be able to quickly ramp HealthAxis.com's sales division to take advantage of the substantive market opportunities that await."
"Having dedicated the past 20 years of my life to building sales organizations and growing revenues in the healthcare IT market, I understand what it takes to create a successful sales group in this business," said Richard Grehalva, newly-appointed Senior Vice President for Sales and Marketing.
"I believe my sales experience, combined with HealthAxis.com's advanced technology, will be a winning combination that will enable HealthAxis.com to fulfill its potential as today's e-health software leader."
About HealthAxis.com
HealthAxis.com, a subsidiary of HealthAxis Inc., is a leader in Web-enabling both healthcare payers and the intermediaries through which product is sold and serviced. The Company's proprietary Insur-Web(TM), Insur-Enroll(R), and Insur-Admin(TM) product line allows clients to participate in the emerging digital economy by integrating client legacy systems into the World Wide Web.
HealthAxis.com customers enjoy reduced costs and enhanced productivity in their core business operations -- including plan rating, distribution, enrollment, and member services -- through the integration of the Company's advanced, XML-enabled product line.
Additionally, HealthAxis.com provides payers with software and services for claims processing, plan administration, and imaging through the following products: Insur-Claims(TM), Insur-Dental(TM), Insur-Image(TM), and Insur-Voice(TM). The Company's customers include leading health insurers, Blue Cross/Blue Shield organizations, third-party administrators, and Web-based insurance and benefits marketers.
HealthAxis.com is headquartered in suburban Philadelphia, with significant operations in Dallas, as well as offices in eight additional locations both domestic and abroad. The company employs over 350 IT professionals.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Certain statements made which are not historical facts may be considered forward-looking statements, including, without limitation, statements as to trends, management's beliefs, expectations and opinions, which are based upon a number of assumptions concerning future conditions that ultimately may prove to be inaccurate.
Such forward-looking statements are subject to risks and uncertainties and may be affected by various factors, which may cause actual results to differ materially from those in the forward-looking statements.
For further information which could cause actual results to differ from the Company 's expectations, as well as other factors which could affect the Company 's and HealthAxis Inc.'s financial statements, please refer to HealthAxis Inc.'s reports filed with the Securities and Exchange Commission.
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CONTACT: HealthAxis.com
Investor and Media Contacts:
Steven M. Kaplan, 610/275-3800
skaplan@healthaxis.com
KEYWORD: PENNSYLVANIA
INDUSTRY KEYWORD: INTERNET MEDICAL SOFTWARE E-COMMERCE INSURANCE
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