Quantcast
 
New book by Larry Connors Click here Improve your trading - See how


 

Massachusetts Health Connector Expands Technology Agreement With Perot Systems

Wed. October 28, 2009; Posted: 11:03 AM
Stocks RSS
PLANO, Texas, Oct 28, 2009 /PRNewswire-FirstCall via COMTEX/ -- PER | Quote | Chart | News | PowerRating -- The Commonwealth of Massachusetts Health Insurance Connector Authority (Health Connector) and Perot Systems Corporation (NYSE: PER | Quote | Chart | News | PowerRating) (www.perotsystems.com) today announced an expansion of their existing relationship in which Perot Systems will use its Xcelys health plan administration software solution to provide additional premium billing and enrollment services to the state health insurance program.

Perot Systems currently provides a variety of information technology solutions to the Health Connector, including applications hosting, while also providing member contact center services, web services and billing. The addition of the Xcelys software solution, which will also be hosted by Perot Systems, is expected to streamline the enrollment, billing and statement processes, enhancing customer experience, increasing efficiency, and providing a greater flexibility of offerings. The technology upgrade will also provide a foundation for the Health Connector to grow and quickly adapt to program changes. Today's announcement builds upon the relationship that began last year with an information technology and business process agreement between Perot Systems and the Health Connector.

"Customer service is a critical element of healthcare reform," said Health Connector Chief Operating Officer Rosemarie Day. "To be successful, we cannot merely enroll members, but must be there for them when they need us the most."

"In the three short years since Massachusetts first established the Health Connector, it has gone from having the sixth highest percentage of insured residents in the U.S. to being number one, and we are proud to be part of this innovative program," said Chuck Lyles, president of Perot Systems Healthcare. "The Xcelys software solution will enable the Health Connector to more effectively help residents find, retain and pay for healthcare coverage, making the program more efficient both for the state and for the people it serves."

Commonwealth Care is a leading-edge program administered by the Health Connector to help individuals who don't have an employer-sponsored health insurance plan or Medicaid find an insurance plan that fits their individual needs. Today, nearly 200,000 residents receive coverage through the Health Connector, helping Massachusetts achieve the lowest level of uninsured individuals at 2.7%, far below the national average of 15%. By providing historically uninsured and under-insured individuals with access to preventative care and physician relationships, the program cuts down on costly emergency room visits and indigent care services.

In addition to implementing the Xcelys software solution, Perot Systems delivers a variety of IT and business process solutions to the Health Connector, as well as a multi-lingual customer call center that provides enrollees with personal assistance in selecting the insurance plan that best meets their individual needs. Over the summer, Perot Systems began providing web support for the Health Connector's main website and Choice sub-site in addition to the web support the company had already been providing the Care sub-site. The company also hosts and maintains a user-friendly web portal that provides easy access to program information. Xcelys software is expected to enhance the online self- service tools, providing secure, user-friendly access to enrollment information. The addition of Xcelys software to the suite of services will also help the Health Connector process the large volume of enrollees and invoices generated by the program in a more timely and accurate manner.

About the Commonwealth of Massachusetts Health Insurance Connector Authority

The Commonwealth Health Insurance Connector Authority was created as the centerpiece of the state's landmark healthcare reform legislation signed into law April 12, 2006. It is an independent quasi-governmental agency created to facilitate the purchase of affordable, high-quality health insurance by individuals and small businesses. Commonwealth Care is low or no-cost health insurance for people who qualify. Commonwealth Choice offers many name-brand health insurance options, all of which carry the Connector's Seal of Approval. To learn more, visit www.mahealthconnector.org.

About Perot Systems Healthcare

Using a proven methodology based on the people, processes and technology healthcare organizations need to succeed, Perot Systems is a leading integrator of Tier I clinical systems. Serving a multitude of hospitals worldwide, including more than 1,000 in the U.S., Perot Systems is ranked #1 for professional services in North American Healthcare by Gartner (based on 2008 revenue) and is rated "Best in KLAS for Clinical Implementation-Principal" by the prestigious KLAS awards for professional services firms.* Perot Systems supports thousands of physicians in hospitals, as well as more than 30,000 in physician groups, and has managed, recovered, and resolved billions of dollars for clients through more than 400 revenue cycle engagements. To learn more, visit http://www.perotsystems.com/Industries/Healthcare/default .

About Perot Systems

Perot Systems is a worldwide provider of information technology services and business solutions. Through its flexible and collaborative approach, Perot Systems integrates expertise from across the company to deliver custom solutions that enable clients to accelerate growth, streamline operations and create new levels of customer value. Headquartered in Plano, Texas, Perot Systems reported 2008 revenue of $2.8 billion. The company has more than 23,000 associates located in the Americas, Europe, Middle East and Asia Pacific. Additional information on Perot Systems is available at http://www.perotsystems.com/.

This press release contains forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. For factors that could affect our business and cause actual results to differ materially, please refer to our Annual Report on Form 10-K for the fiscal year ended December 31, 2008, as filed with the U.S. Securities and Exchange Commission and available at http://www.sec.gov/, as updated in our Quarterly Reports on Form 10-Q filed after such Form 10-K, for additional information regarding risk factors. We disclaim any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments, or otherwise.

*2008 Top 20 Best in KLAS Awards: Software & Professional Services. December 2008. KLAS Confidential Information. A(C) 2008 KLAS Enterprises, LLC. All rights reserved.

    MEDIA CONTACTS:
    PEROT SYSTEMS CORPORATION
    Healthcare
    Karen Modlin
    +1 972 577 3597
    karen.modlin@ps.net

SOURCE Perot Systems Corporation

http://www.perotsystems.com
For full details on Perot Systems Corp (PER) click here. Perot Systems Corp (PER) has Short Term PowerRatings of 2. Details on Perot Systems Corp (PER) Short Term PowerRatings is available at This Link.

    


More News:   Market Updates | Stock Alerts | All Trading News | Stock Index

Email
Print
Archives
Feedback
Email Article Link
Close X
Recipients email address
Your name
Your email
Add a note (optional)




Stocks RSS





Related News [PER]
  UPCOMING EVENTS
Learn new strategies, how to trade in this market, and the stocks you should be focusing on each day. Join us for our free 20 minute tele-seminars during the week.
* Attendance is strictly limited and are filled on a first-come, first-served basis.
PREMIER SPONSORED LINKS
TRADE CENTER
 
The TradingMarkets Directory
RELATED SITES
Nothing but forex
Please call 1-213-955-5858 ext. 1

About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback

Disclaimer:

The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.

It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.

HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.

The Connors Group, Inc.
10 Exchange Place, Suite 1800
Jersey City, NJ 07302

© Copyright 2009 The Connors Group, Inc.


All analyst commentary provided on TradingMarkets.com is provided for educational purposes only. The analysts and employees or affiliates of TradingMarkets.com may hold positions in the stocks or industries discussed here. This information is NOT a recommendation or solicitation to buy or sell any securities. Your use of this and all information contained on TradingMarkets.com is governed by the Terms and Conditions of Use. Please click the link to view those terms. Follow this link to read our Editorial Policy.

© 2009 The Connors Group, Inc.