Press Releases and AnnouncementsStrataCare and GenSource Form Strategic Partnership to Deliver Bottom-Line Driven Advanced TechnologySeptember 16, 2003 |
| VALENCIA, CA - September 16, 2003 - StrataCare, the premiere national
bill review software solutions and service company, and GenSource, the foremost provider
of fully integrated software systems for administering insurance-related claims and
managing risk, have formed a strategic partnership to deliver a suite of new, highly
integrated claims management and cost containment technology solutions. In addition to the integration of their core software products StrataWare(R) and GenCOMP(TM), the two technology companies will also be providing several new leading-edge products: -- StrataCare FileFly(TM) will provide joint clients with a solution that eliminates the traditional batching and Electronic Data Interchanges (EDI) process through its Microsoft .NET Internet-based capabilities. This revolutionary system deeply integrates Workers' Compensation claims and bill review software applications. Together, they are able to provide the most cost-effective and seamless real-time transfer of claim and provider data available. -- StrataCare Scripts(TM) is a nationwide dedicated Workers' Compensation pharmacy PPO Network providing paperless electronic billing. StrataCare Scripts(TM)is today's PBM solution for reducing the exploding costs of workers' compensation pharmaceuticals while providing clients with the most advanced administration tools for the Internet-based world of managing data. Joint clients will receive significant savings below fee schedule and Drug Utilization Review Formularies all with the ease and efficiency of online data transmission. "We have formed this partnership to deliver a level of product integration and new technology innovation that is not available elsewhere," said Scott Green, president of StrataCare. "GenSource has the same commitment as StrataCare when it comes to being relentless in developing new client solutions. We have successfully merged a powerful set of tools that will increase productivity, improve cost containment and reduce the cost of managing claims." Eric Hoffberg, GenSource president and CEO, added, "Being in the claims software business for more than 25 years, GenSource has come to know many bill review vendors. We felt it was time to join forces with a select company, one that had the same technically innovative culture and goals as GenSource, to create something together that had never been seen before." Hoffberg added, "We are pleased and proud to announce our new partnership and excited about the new products that only StrataCare and GenSource are able to provide, offering tremendous savings on pharmaceutical bills, increased responsiveness to injured employees, and a real-time interface between the claims and bill review systems. Our combined solutions represent the most cost efficient and elegant solution on the market today." Founded in 1998, StrataCare provides Windows and Browser-based national bill review software solutions to the workers' compensation payer community. StrataCare's service division, CareSolutions, offers national electronic and mail-in bill review services. The companies have quickly become among the most respected players in the workers' compensation bill review industry, servicing clients in the insurance, third party administrator (TPA), and self-insured markets. For more information, visit the company's Web site at www.stratacare.com, or call 800-277-6512. GenSource Corp. offers a comprehensive set of fully integrated software systems for administering insurance-related claims and managing risk, including workers' compensation, non-occupational disability, property and casualty claims. Founded in 1977 as California Interactive Computing Inc. (CIC), GenSource has more than 25 years of experience in the claims administration and risk management industries. For more information on GenSource, visit www.gensourcecorp.com or call 661-294-1300. The companies referenced herein are trademarks or registered trademarks of their respective companies. |
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