HealthAxis.com Appoints James W. McLane to Board
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HealthAxis.com Appoints James W. McLane to Board of Directors
Former CEO of Aetna Health Plans and Former President of NovaCare to Serve as Board Member, Advisor
PHILADELPHIA, Aug 22, 2000 (BUSINESS WIRE) -- HealthAxis.com, a subsidiary of HealthAxis Inc. (NASDAQ: HAXS chart, msgs) and a leading provider of web-enabling software solutions for healthcare payers and intermediaries, today announced the appointment of James W. McLane to the HealthAxis.com Board of Directors.
Mr. McLane will join the Company's Board effective immediately.
Mr. McLane will serve as an advisor to Chairman Al Clemens, CEO Michael Ashker and COO Dennis Maloney on organizational, marketing and strategic issues. In addition, Mr. McLane will assist the company in extending its relationships within the healthcare payer community.
"Jamie McLane is a welcome addition to our Board of Directors," said Michael Ashker, HealthAxis.com's chief executive officer. "His vast experience in the healthcare field, his understanding of the application of information technology to healthcare, and his wide range of relationships at the industry's top levels will be tremendous assets to HealthAxis."
"Having spent ten years in the healthcare field, I know first-hand the tremendous opportunity that exists to help payers reduce their plan distribution and member administration costs," said Jamie McLane, newly-appointed member of the Board of Directors. "Excessive paperwork, manual input, and a reliance on prior-generation information technology are generating tens of billions in wasted dollars across the industry. HealthAxis' web-enabling technology provides payers a solution that will help them regain control over their cost structures, while greatly improving service to members and other industry system participants--like eDistribution agents and employer groups. I am excited about the opportunity to help HealthAxis expand its leadership position in the e-health space."
McLane brings over 25 years of health insurance and financial services experience to the company. Prior to his appointment to the HealthAxis.com board, McLane served as president and chief operating officer of NovaCare, Inc., a King of Prussia, Pennsylvania-based physical rehabilitation company, which was sold to Select Medical, Inc. and other buyers late in 1999.
Prior to joining NovaCare, McLane served as executive vice president of Aetna Life & Casualty in Hartford, Connecticut and chief executive officer of Aetna Health Plans prior to its merger with USHealthcare. Before Aetna, McLane spent many years at Citicorp as senior vice president and division executive of several capital markets and insurance businesses.
McLane served as a principal of the Jackson Hole Group, which developed many proposed reforms to the healthcare system in the early and mid-90's and on the executive committee of the Healthcare Leadership Council in Washington, D.C. He served on the boards of several venture capital-backed small companies in the healthcare field.
About HealthAxis.com
HealthAxis.com, a subsidiary of HealthAxis Inc., is the proven leader in web-enabling both healthcare payers and the health insurance intermediaries through which product is sold and serviced. The Company's proprietary Insur-Web(TM), Insur-Enroll(TM), and Insur-Admin(R) product line allows clients to participate in the emerging digital economy.
This fully XML-enabled line of software extends clients' legacy enterprise applications to the World Wide Web, allowing clients to manage Web transactions across the entire spectrum of health insurance operations--plan rating engines, distribution, enrollment, and member services.
Additionally, HealthAxis provides payers with software and services for claims processing, plan administration, and imaging through the following products: Insur-Claims(R), Insur-Dental(R), Insur-Image(R), and Insur-Voice(R).
The Company's customers include leading health insurers, several Blue Cross/Blue Shield organizations, third-party administrators, and Web-based insurance and benefits marketers. HealthAxis.com is headquartered in suburban Philadelphia, with significant operations in Dallas, as well as offices in eight additional locations both domestic and abroad.
The company employs over 350 IT professionals.
Safe Harbor Statement
Under the Private Securities Litigation Reform Act of 1995:
Certain statements made by the Company, which are not historical facts may be considered forward-looking statements, including, without limitation, statements as to trends, management's beliefs, expectations, forecasts and opinions, which are based upon a number of assumptions concerning future conditions that ultimately may prove to be inaccurate.
Such forward-looking statements are subject to risks and uncertainties and may be affected by various factors, which may cause actual results to differ materially from those in the forward-looking statements.
For further information, which could cause actual results to differ from the Company's expectations, as well as other factors, which could affect the Company's financial statements, please refer to HealthAxis Inc.'s reports filed with the Securities and Exchange Commission.
Contact:
HealthAxis.com
Media Contact
Jennifer Messmer, 610-278-5358
jmessmer@healthaxis.com
or
Investor Contact
Steve Kaplan, 610-275-3800
skaplan@healthaxis.com |
