CLEARWATER, Fla., Oct. 28 /PRNewswire/ -- Systems Communications,
Inc. (BB: SCMI) announced today expansion of its' healthcare cost
containment services by signing a Business Expansion Agreement with one
of the nation's largest disability firms, Disability Services
International, Inc. (DSI). DSI has developed some of the most
successful Disability Management Programs for Fortune 500 and Managed
Care Clients. DSI clients have included some of the following Fortune
500 firms: American Express, Hewlett Packard, Hughes Aircraft, Intel
Corporation, Lockheed Martin, TRW and 3M. DSI Insurance Company clients
have included: CNA, Fireman's Fund, General Reinsurance, John Hancock,
Liberty Mutual, and UNUM Life Insurance Company of America.
This new business expansion in the California market for SCMI and
its Strategic Alliance Partners will permit SCMI to introduce 100% "real
time" electronic healthcare claim audits to Fortune 500 clients and
Managed Care clients. SCMI's 100% "real time" electronic healthcare
claim auditing will bring significant healthcare claim savings to its
clients which will result in substantially reducing clients healthcare
claim "errors." SCMI can identify claim errors for its clients on a
daily basis, prior to payment, thereby increasing the value of its
services, and providing improved cost reductions to their clients'
benefit programs. With SCMI's "Total Claims Quality Program," it can
assure Fortune 500 clients of improving their efficiency of claims
processing, thereby avoiding unnecessary payment liability.
SCMI estimates that this new Business Expansion Agreement will
result in new Fortune 500 and Public Sector clients in California within
6 months and add significantly to its revenue stream.
James T. Kowalczyk, President, announced this Business Expansion
Agreement with DSI, one of the nation's largest Disability Management
Companies, by stating: "This Business Expansion Agreement will create
value to both firms as well as benefit each firm's clients. Both firms
now have the ability to provide clients with both qualitative and
quantitative cost containment programs to ensure a reduction in employee
healthcare costs in the future, identification and recovery of over
payments from as many as two years in retrospect, as well as "real time"
healthcare auditing, which allows us to concurrently monitor healthcare
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," "accept," "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, one-time 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- 10/28/98
/CONTACT: General Contact - Edwin B. Salmon Jr., Chairman of the
Board, Systems Communications, Inc., 727-530-4800/ |
