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Cambridge, Mass. (April
12, 2004) — Delphi Technology, Inc. (DTI), the leading
provider of technology solutions to the professional liability insurance market, announced
today that New Jersey Physicians United Reciprocal Exchange (NJ PURE) has purchased
DTI’s OASIS Policy, Financial, Claims, and Risk Management software.
NJ PURE is a reciprocal exchange that provides New Jersey physicians with a not-for-profit
alternative. NJ PURE was founded by Jim Sheeran, a former New Jersey Insurance
Commissioner, and Dr. Lena Chang, an award-winning insurance actuary. Since opening for
business in January 2003, NJ PURE already insures over 500 New Jersey doctors. To support
these insureds, NJ PURE will initially have ten users on the OASIS system.
By maintaining low operating costs, NJ PURE is able to pass savings along to its
physician-owners. In keeping with this model, NJ PURE has elected to deploy OASIS via a
hosted solution, which means that OASIS will be maintained by DTI at DTI, and NJ PURE
users will access the software from New Jersey. This will allow NJ PURE to utilize all of
the features of OASIS without the higher up-front costs associated with buying the
software outright (associated costs include buying the required hardware on which to run
the software). Additionally, the hosted option will allow NJ PURE to take advantage of the
in-house technical expertise of DTI, rather than developing that expertise in-house at a
higher cost.
Dr. Lena Chang, co-founder and President of NJ PURE, said, “We chose OASIS because it
creates process efficiencies that will save our claims adjusters time and ultimately
result in savings for our physicians. As a growing company, we also appreciate the
confidence that comes from collaborating with the leading medical malpractice software
provider with a proven track record.”
DTI’s Vice President of Sales, Robert Drake, noted, “Our hosted solution is a
great way for budget-conscious startups to get up and running with OASIS quickly while
avoiding high up-front payments. We’re excited to begin work with NJ PURE and are
thrilled to have been selected by such an experienced, knowledgeable leadership
team.”
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Delphi Technology, Inc. (DTI) features its OASIS product line in providing information
technology solutions for insurers, third party claims administrators, and risk managers.
Contact Information (DTI):
Robert Drake (rdrake@delphi-tech.com)
Vice President of Sales
Delphi Technology, Inc.
1-617-494-8361 x2047
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NJ PURE is a reciprocal exchange that provides New Jersey physicians with a not-for-profit
alternative.
Contact Information (NJ PURE):
Web: http://www.njpure.com
Tel: 1-877-2NJPURE
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The companies referenced herein are trademarks or
registered trademarks of their respective companies. |
