NEWS! (At least something is happening here.)
OAO HealthCare Solutions, Inc. and Innovative Outsourcing, LLC Form Alliance To Offer Outsourcing Services to Managed Care Organizations
CHATSWORTH, Calif., Sept. 16 /PRNewswire/ -- OAO HealthCare Solutions, Inc., a subsidiary of OAO Technology Solutions, Inc. (Nasdaq: OAOT - news), today announced that it has signed an agreement with Innovative Outsourcing to provide MC400 software as its primary managed care information system. Additionally, the agreement has leveraged the strengths of both organizations to offer each other's services to managed care organizations throughout the country.
MC400 is a state-of-the-art management information system designed specifically for managed care organizations. MC400 uses leading edge technology and automated work-flow processes to reduce operating costs by automating manual procedures and eliminating paper handling. MC400 incorporates the latest advances in EDI, Client Server, Internet Communication, Data Warehousing and Document Imaging to maximize efficiency. It offers a complete Administrative Support System that effectively manages the complex processing and reporting requirements imposed on managed care organizations today. MC400 includes more than 30 integrated software modules that provide a managed care organization with all the required processes and systems, including Eligibility & Enrollment, Claims Processing, Member Services, HEDIS Reporting, Case Management, Provider Contracting and Capitation, in addition to meeting all state and federal government reporting requirements.
''Performing a system search is a cumbersome task and one that we approached very seriously. We were looking for a World Class Best of Breed System that would take us into the next century. After evaluating more than 20 companies, we selected MC400 because of its rich functionality, state-of- the-art technology, and because it is a proven managed care information system that can be found in some of the largest IPAs and HMOs throughout the country,'' said S. Stuart Spector, chief marketing officer of IO. ''We are very excited about forming this relationship with OAO HealthCare Solutions and deploying MC400 to our clients.''
Regarding Innovative Outsourcing's selection of MC400, Revell Lamprecht, OAO HealthCare Solutions' VP and General Manager noted, ''We are very proud to have been selected by Innovative Outsourcing. They were very thorough in their quest for a Managed Care system that would be reliable, versatile and state-of-the-art. MC400 is all that and more.''
Based in Hunt Valley, MD, Innovative Outsourcing is a leading provider of administrative and technology solutions for managed care organizations nationwide. Through outsourcing relationships, IO offers services such as claims processing, capitation management, eligibility verification, customer service, HEDIS reporting, etc. Interested organizations can learn more about IO by visiting their Web site at www.iollc.com.
OAO HealthCare Solutions, Inc., headquartered in Chatsworth, CA, is a leading provider of integrated managed care information systems designed to meet the specific business needs of MSOs, IPAs, PHOs, HMOs, PPOs, Medical Groups, Medicare and Medicaid Plans, and TPAs. MC400 is currently being utilized by managed care organizations ranging in size from 1,000 to over 10,000,000 members. Interested organizations can learn more about OAO HealthCare Solutions by visiting their Web site at www.MC400.com.
OAO Technology Solutions, Inc. is a Safeguard Scientifics, Inc. (NYSE: SFE - news) partnership company.
SOURCE: Innovative Outsourcing, LLC
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