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Friday February 13, 5:07 pm Eastern Time
Company Press Release
SOURCE: OAO Technology Solutions, Inc.
American Preferred Provider Plan Selects MC400 Managed Care Information System
CHATSWORTH, Calif., Feb. 13 /PRNewswire/ -- OAO Healthcare Solutions, Inc., a subsidiary of OAO Technology Solutions, Inc. (Nasdaq: OAOT - news), today announced that it has licensed its complete MC400 managed care information system to American Preferred Provider Plan of Newark, NJ.
MC400 is a state-of-the-art information management system designed specifically for managed care organizations. It 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, 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 today's managed care organizations. 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, Provider Contracting and Capitation, in addition to meeting all state and federal government reporting requirements.
Regarding the selection of MC400 software, Revell Lamprecht, OAO Healthcare Solutions' VP and General Manager, noted, ''We are very proud to have been selected by American Preferred Provider Plan. They were very thorough in their quest for a software system that would be reliable, versatile and state-of-the-art. MC400 is all that and more.''
American Preferred Provider Plan, Newark, NJ, is a for-profit HMO currently covering over 40,000 Commercial and Medicaid lives in New Jersey, Washington, DC and Michigan.
According to Harold Smith, President and CEO of American, ''We selected MC400 because it was the most flexible and versatile of all the systems we reviewed. What impressed us most with MC400 was its ability to process our business today, and to grow with us. This was a very important issue to us. We needed a system that could process our start-up business models as well as process an enterprise-wide model cost-effectively. In addition to its system strengths, MC400 also impressed us with its unmatched technology. We saw some of what MC400 had in other systems we looked at, but we did not see everything in one system as we did with MC400. MC400 has it all. We're very satisfied that MC400 is the best package available on the market today.''
Joseph Randazzo, CFO and Executive Vice President of American Preferred Provider Plan, noted that, ''Today's marketplace requires that HMOs provide better management of care and a higher quality of care with a system that is at the vanguard of managed care information systems.'' He continued, ''MC400 offers flexibility and the capacity to handle the needs of an HMO with an ever-changing environment of multi-linear business.''
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. MC400 is currently being utilized by managed care organizations ranging in size from a start-up MCO to over 1,000,000 members.
For further information on OAO Technology Solutions, Inc., contact Samuel D. Horgan, CFO, or Michael H. Savage, Director of Investor Relations, at 301-486-2323.
SOURCE: OAO Technology Solutions, Inc.
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More Quotes and News:OAO Technology Solutions Inc (Nasdaq:OAOT - news)Related News Categories: computers, internet
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