CLEARWATER, Fla., Oct. 20 /PRNewswire/ -- Systems Communications,
Inc. (BB: SCMI), announced today that they have expanded their
healthcare cost containment services by consummating an agreement with
one of the nation's largest pharmaceutical companies that has pioneered
and developed some of the most successful Disease Care Management
Programs for their Fortune 500 and Managed Care Clients. The test
marketing expansion agreement will allow SCMI to bring successful
Disease Case Management Programs to its Fortune 500 clients where they
can significantly reduce their health claims costs by implementing
Disease Case Management Programs. SCMI will be introducing its 100%
"real time" electronic health claims audits to their Fortune 500 clients
and Managed Care clients. "Our 100% 'real time' electronic health
claims bring significant health claims savings to our clients which
results in a substantial reduction in health claims 'errors,'" stated
James T. Kowalczyk, President of SCI. Systems Communications, Inc.,
through its alliances can identify claims errors for clients on a daily
basis prior to payment thereby increasing the value of services and
providing an improved "ROI" -- Return On Investment -- on benefit
programs. With SCMI's Total Claims Quality Program, our Fortune 500
clients can be assured of improved effectiveness of claims processing;
thereby avoiding unnecessary payment liability.
SCMI estimates that this new Business Expansion Agreement will
result in new Fortune 500 clients and will add significantly to the
bottom line.
Ed Salmon announced this business expansion agreement which will
benefit both firms and will allow both firms to market each other's
services. Both firms now have the ability to provide their clients with
both "qualitative" and "quantitative" cost containment programs to
ensure a reduction in the cost of employee healthcare in the future,
identification and recovery of over payments from as much as two years
retrospectively, and "real time" healthcare auditing which will allow us
to concurrently monitor claims prior to payment.
Systems Communications, Inc. through its Strategic Alliances is
principally engaged in the development of a network of healthcare
management companies, third party healthcare plan administrators and
other healthcare management organizations that collectively offer a wide
array of healthcare cost containment services and products for resale by
the Company to large self-insured companies.
Note: This communication contains certain "forward-looking"
statements as such term is defined in the Private Securities Litigation
Reform Act of 1995 and information relating to the company and its
subsidiaries that are based on the beliefs of the company's management
as well as assumptions made by and information currently available to
the company's management. When used in this report, the words,
"anticipate," "believe," "estimate," "except," "intend," and words and
phrases of similar import, as they relate to the company or its
subsidiaries or company management, are intended to identify
forward-looking statements. Such statements reflect the current risks,
uncertainties and assumptions related to certain factors including,
without limitations, competitive factors, general economic conditions,
customer relations, relationships with vendors, the interest rate
environment, government regulation and supervision, seasonally,
distribution networks, product introduction and acceptance,
technological change, changes in industry practices, onetime events and
other factors described herein. Based upon changing conditions, should
any one or more of these risks or uncertainties materialize, or should
any underlying assumptions prove incorrect, actual results may vary
material from those described herein as anticipated, believed,
estimated, expected or intended. The company does not intend to update
these forward-looking statements.
SOURCE Systems Communications, Inc.
-0- 10/20/98
/CONTACT: Edwin B. Salmon Jr., Chairman of the Board, Systems
Communications, Inc., 727-530-4800/ |
