OAO Healthcare Solutions and Florida Health Care Plans Ink Contract for MC400 Managed Care Software System
CHATSWORTH, Calif., Oct. 20 /PRNewswire/ -- OAO Healthcare Solutions, Inc., a subsidiary of OAO Technology Solutions, Inc. (Nasdaq: OAOT - news), today announced that it has signed an agreement to license its MC400 managed care information system to Florida Health Care Plans.
MC400 is a state-of-the-art information management system designed specifically for managed care organizations. The system 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 and Enrollment, Claims Processing, Member Services, HEDIS Reporting, Provider Contracting and Capitation, in addition to meeting all state and federal government reporting requirements.
David Schandel, Vice President and Executive Director of Florida Health Care Plans, commented, ''We devoted considerable time and effort to evaluating the market for the best possible managed care information system to meet our stringent requirements. Currently we operate an in-house system on the IBM AS/400 platform. Out of the many managed care systems we reviewed, MC400 impressed us as being clearly superior in almost every category: from client satisfaction, service and support to software functionality.''
Florida Health Care Plans (FHCP), an affiliate of Halifax Community Health System, is a non-profit combination-model Health Maintenance Organization serving the greater Daytona Beach, Florida area. Having been in existence since 1974, FHCP is the second oldest Federally Qualified HMO in the country. It serves over 50,000 MediCare and Commercial members in its two-county service area and has a long history of receiving commendations and awards for service excellence.
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. MC 400 is currently being utilized by managed care companies ranging in size from a start-up MCO to HMOs with over 1,000,000 members.
OAO Technology Solutions, Inc. is a Safeguard Scientifics, Inc. (NYSE: SFE - news) partnership company.
SAFE HARBOR STATEMENT: This news release contains statements that are forward-looking statements, including statements regarding potential contracts, and estimated results within the meaning of applicable federal securities laws. These statements are based upon the Company's current expectations and assumptions that are subject to a number of risks and uncertainties that would cause actual results to differ materially from those anticipated. These risks and uncertainties include the difficulties of finalizing proposed contracts and other factors discussed in the Company's
filings with the Securities and Exchange Commission.
SOURCE: OAO Healthcare Solutions, Inc. |
