Perot Systems and STC Join Forces to Deliver HIPAA and eBusiness Solutions to the Healthcare Industry
Leaders In eBusiness Combine Expertise To Rapidly Enable Electronic Exchange Of Information For Joint Healthcare Clients To Meet HIPAA Mandates
REDWOOD SHORES, Calif. and DALLAS--(BUSINESS WIRE)--April 6, 2000-- Perot Systems Corporation (NYSE: PER), a leading global information technology services and business solutions company, and its long-time partner, STC, the leading provider of eBusiness Integration (eBISM) packaged solutions, today announced a go-to-market strategy to facilitate the rapid and cost-effective compliance with the Health Insurance Portability and Accountability Act of 1996 (HIPAA) for their joint healthcare customers. Perot Systems Healthcare Services Group's managed care division will use STC's e*Xchange eBusiness Integration(TM) Suite as a best-fit solution in its HIPAA Toolkit service offering.
Perot Systems will offer eBusiness-enabling services to assist clients in complying with the federal HIPAA regulations--which require healthcare entities to use standard administrative transaction formats, code sets, and identification protocols, as well as overall security standards when handling medical information. Using STC's HIPAAware(TM) solution, based on the e*Xchange eBusiness Integration Suite, Perot Systems and STC will help organizations to meet the HIPAA requirement for processing near-real-time EDI transactions, while also providing a comprehensive platform for eBusiness integration.
"Many of the largest healthcare providers are already familiar with STC's technology, and we will be working together to ensure customers are prepared to comply with HIPAA requirements," said Randall Booth, vice president of Perot Systems and general manager of the Healthcare Services Group. "STC is a leader in the healthcare integration space, and this offering will provide our customers with a platform to execute their overall eBusiness strategies."
Perot Systems and STC plan to deliver innovative applications, products and services to customers throughout the healthcare industry. This agreement will also provide critical eBusiness capabilities to Perot Systems' established integrated service offerings for the healthcare industry.
"HIPAA is a prime catalyst for the adoption of eBusiness integration technology among healthcare providers and with the initial support of our solution's robust EDI and cross-indexing capabilities, we can further provide a comprehensive solution for our customers' evolution to eBusiness," said Harry Gould, vice president of global alliances for STC. "Together, Perot Systems and STC are ready to bring rapid solutions for business-to-business integration, while providing a solid platform for companies' evolving eBusiness integration needs."
About Perot Systems Healthcare Services
Perot Systems Healthcare Services is devoted to understanding the business and technical issues affecting the healthcare industry. Over the past 11 years, the Healthcare Services team has built a foundation of services and solutions specific to our clients' needs within each of the major healthcare segments--Healthcare Systems and Physician Practice Management, Managed Care and Insurance, Post-acute, Home Health, and Behavioral Care, Pharmaceutical, and Medical Supplies. In addition, Perot Systems has built a strong team of industry leaders to enable the HIPAA enterprise for our customers. Perot Systems is dedicated to working with our clients in a consultative manner to create the most effective solutions for HIPAA certification.
About Perot Systems
Perot Systems Corporation is a worldwide provider of information technology services and business solutions. Perot Systems serves clients by delivering solutions customized to each client's needs, with particular emphasis on creating digital marketplaces, developing and integrating information systems, and helping clients transform their businesses for the digital economy. Perot Systems focuses its core business and technology capabilities on assisting clients to accelerate growth, streamline operations and create new levels of customer value.
Headquartered in Dallas, Texas, Perot Systems reported 1999 revenue of $1.1 billion. The company has more than 7,000 Associates located in the United States, Europe, and Asia.
Additional information on Perot Systems is available at perotsystems.com.
About STC's HIPAAware(TM) Solution
STC's HIPAAware offering, available now, consists of three software products:
e*Gate(TM) Integrator offers the connectivity within and among the
diverse systems and applications that participate in the HIPAA transactions. e*Gate supports the translations and field mapping features needed to comply with nationally mandated code sets while preserving local autonomy. e*Gate includes the pre-built message structures for all HIPAA transactions, and an intuitive user interface for mapping proprietary, internal messaging formats to the appropriate HIPAA transactions.
e*Xchange(TM) Integrator allows organizations to EDI-enable their
integration infrastructure without purchasing separate EDI modules for all their applications. It provides a single enabling technology for business-to-business (B2B) and business-to-consumer (B2C) eCommerce. For HIPAA, e*Xchange provides pre-built validation rules for the ten standard transactions, as well as HIPAA-compliant security for transmission over public networks if desired.
e*Index(TM) Global Identifier provides the ability to maintain
internal numbering for providers, health plans and employers, and simply cross-indexes these internal numbers to the nationally assigned identifiers for external communication. e*Index is also ready when, and if, HIPAA mandates a nationally assigned patient identifier.
About STC
STC is the leading global provider of eBusiness Integration (eBISM) solutions with its flagship product, e*Gate(TM) Integrator. e*Gate is the industry's first open strategic eBusiness architecture that enables the accelerated deployment of true eBusiness integration with unprecedented performance and reliability. Additionally, with e*Xchange Integrator, STC provides a true end-to-end solution that enables organizations to realize the true value of eBusiness. Since shipping its first product in 1991, STC has successfully integrated more than 1,200 customers worldwide in a variety of industries. Just a few of STC's customers include barnesandnoble.com, Fluor Corporation, Hewlett Packard, HypoVereinsbank, Maersk Sealand, PETsMART, Sony and Warner Lambert. Software partners include BroadVision, SAP, Oracle and PeopleSoft.
STC is headquartered in Monrovia, Calif., with marketing and sales headquarters in Redwood Shores, Calif. For more information, please visit www.stc.com
Note to Editors: Perot Systems Corporation (NYSE: PER): Statements contained within this press release may contain forward-looking statements, which involve risks and uncertainties that may cause actual results to vary from those contained in the forward-looking statements. In some cases, you can identify such forward-looking statements by terminology such as "may," "will," "should," "forecasts," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "potential," or "continue." In evaluating these statements, you should specifically consider various factors that may cause actual results to vary from those contained in the forward-looking statements, such as: the loss of major clients; the Company's ability to achieve future sales; changes in our relationship and variability of revenue and expense associated with our largest customer; the loss of key personnel; the highly competitive market in which we operate; the variability of quarterly operating results; changes in technology; risks related to acquisitions; and risks related to international operations. Please refer to Perot Systems Annual Report on Form 10-K for the fiscal year ended December 31, 1999, as filed with the U.S. Securities and Exchange Commission for additional information regarding risk factors. Perot Systems disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise.
Software Technologies Corporation (STC): e*Gate, e*Xchange, e*Index and HIPAAware are trademarks of Software Technologies Corporation. eBI is a servicemark of Software Technologies Corporation. All other trade names are the property of their respective owners.
Contact:
STC Kristi Rawlinson, 650/622-2128 krawlinson@stc.com or Perot Systems Kim Testa, 972/340-6727 kim.testa@ps.net or Applied Communications Amber Rowland, 415/365-0222 arowland@appliedcom.com
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