Thursday, Jan 4, 2001 10:31 PM ET
To: Don Hand who wrote (96)
From: Don Hand
HealthAxis.com Signs 5-Year Licensing Agreement With @bovehealth
abovehealth.com
biz.yahoo.com
HealthAxis.com's Insur-Rate(TM) software application to be integrated with Silicon Valley's Leading Application Service Provider
EAST NORRITON, Pa.--(BUSINESS WIRE)--Jan. 4, 2001-- @bovehealth, Silicon Valley's Leading Application Service Provider, and HealthAxis.com, a subsidiary of HealthAxis Inc. (NASDAQ:HAXS - news), and a provider of Web-based software for healthcare payers and intermediaries, today announced a five-year agreement whereby @bovehealth will license HealthAxis.com's proprietary Insur-Rate(TM)software product.
In addition, HealthAxis.com will provide professional services to integrate Insur-Rate(TM) into the AboveHealth.Web (AHW) suite of browser-based offerings and related services.
@bovehealth Web-enables health plans, allowing providers, employers, and members to connect to the plan's claims administration system via the Internet, to exchange information and complete transactions. The product, AboveHealth.Web (AHW), is a fully functional ASP healthcare administrative service.
Insur-Rate(TM) functions in either an Internet or legacy system environment, and provides rates for individual or group products from an unlimited number of carriers, delivered as both quotes and comparisons. Insur-Rate(TM) allows the customer to view insurance plans and rates through an easy-to-use interface.
The ability to easily interface with any system or application that requires rating information allows the HealthAxis.com solution to become the single source of a customer's rates.
By licensing Insur-Rate(TM), HealthAxis.com's powerful product definition and rating engine, and integrating it into their suite of Internet-based products, @bovehealth will be able to extend their offering for health plans to provide an online agent/broker solution for product quoting and application submission.
``HealthAxis.com's Insur-Rate(TM) will provide @bovehealth with a powerful XML-based rating and product comparison engine'' said Cliff Tabor, vice president of business development at @bovehealth. ``Integrating Insur-Rate(TM) into the @bovehealth solution will enable our health plan customers to streamline support of their broker sales channel.''
Richard Grehalva, senior vice president of sales and marketing for HealthAxis.com, said, ``We are pleased to be working with @bovehealth, as they recognize the need to provide the ability to link patients, providers and payers electronically via the Internet, eliminating costly paperwork, delays and errors.''
About @bovehealth
@bovehealth is an Application Service Provider (ASP) based in San Jose, California, that Web-enables health plans. By connecting employer groups, insurance plan members and medical providers via the World Wide Web, @bovehealth gives health plans the ability to provide real-time access to insurance data, facilitating administration, communications and transactions for all concerned.
@bovehealth's AboveHealth.Web (AHW) product provides full administrative function and interfaces tightly to installed payer systems. AHW can be deployed quickly at the client Web portal on a private-label basis.
The technology behind AHW (LeeTech Software, Inc.), serves the IT departments of The Hertz Corporation, Hewlett-Packard, Levi Strauss & Co., as well as dozens of other private and public companies. Visit @bovehealth at www.abovehealth.com.
Copyright(c)1999 Abovehealth Corporation. All rights reserved.
About HealthAxis
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®, 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 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 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.
abovehealth.com
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, as well as the @bovehealth company contact listed above.
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