Press Releases and Announcements

Valley Oak Systems is Finalist in the E-Fusion Awards Claims Management Category:   iVOSŪ Praised for Business Value and Benefits in Insurance Claims Process

November 16, 2005

Valley Oak Systems is Finalist in the E-Fusion Awards Claims Management Category

Contact:   Valley Oak Systems | Cynthia Chow (925) 552-1650 - cchow@valleyoak.com

San Ramon, CA -- November 16, 2005 – Valley Oak Systems Inc., a national provider of claims management software, services, and support, was recognized as a finalist in the E-Fusion Insurance and Technology Award in the claims management category. The company’s flagship product, iVOS, a leading browser-based “one-system” claims management solution, was recognized for its business value, technological innovation, and the significant benefits it has provided insurance organizations.

The E-Fusion Awards (http://www.efusionaward.com) recognize innovative, business-focused uses of technology in actual use by insurers. The emphasis was on the business reasoning that gave birth to each project and the results that were generated. Award finalists showcased their projects at the E-Fusion conference, where an extensive three-day judging process took place.

“By working closely with our clients, we have come to understand and address their most pressing business challenges,” said Randy Wheeler, CEO and founder. “With its innovative design, iVOS enables clients to move from outdated modes of operation to a new paradigm of claims automation and intelligence. By leveraging our system’s enterprise-wide connectivity and workflow management tools, many insurance organizations have re-engineered their operations and experienced phenomenal success in improving their costs, outcomes, and service.”

In the E-Fusion Award presentation and demonstration, Valley Oak Systems highlighted several successful clients, including an insurer that achieved paperless claims processing and improved web-based services to constituents; a non-profit hospital system that reduced its workers’ compensation funding by 40 percent; a hospitality client that saved millions of dollars through an integrated medical and pharmacy management program, and a municipality that anticipated annualized savings of $4.5 million through improved operations.

By allowing clients to reach their goals and achieve a return on investment, Valley Oak Systems has also achieved tremendous success, growing at the phenomenal rate of 493 percent in the last three years and continuing to be recognized by associations like E-Fusion for their contributions to the insurance industry.

About Valley Oak Systems, Inc.

Valley Oak Systems, Inc. is a privately held corporation with headquarters in San Ramon, California. Founded in 1994, Valley Oak Systems is dedicated to providing the highest quality software, services, and support to enable clients to meet their goals. For more information, go to www.valleyoak.com, or call (925) 242-4600.

 


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