NEW YORK and HOUSTON, May 19 /PRNewswire/ -- Atlantis Health Plan of New York and Patriot Managed Care Solutions, a portfolio company of Eaglestone Investment Partners, today jointly announced the installation of Patriot's Managed Care systems at Atlantis. Atlantis also announced completion of an equity round of financing led by several New York area physicians.
The financing is another step toward the development of Atlantis' provider network and will provide support for the growth of the company and provision of an ever-widening service base for businesses and members using Atlantis. The selection and installation of Patriot's managed care software solutions is also a major milestone for Atlantis, enabling the administration of its authorization, claim adjudication, billing and other managed care functions and the use of what Atlantis believes is the premier software product available for running a managed care organization. The robust nature of the Patriot system, and the confidence of running it through Patriot's ASP model, assures that Atlantis will have every opportunity to efficiently utilize data to manage their growing operation.
Commenting for Atlantis, Patrick Dodge, SVP of Operations, stated, "We selected the Patriot system over several others, including the option of running our legacy system. Testing the functionality and cost effectiveness of those systems against Patriot's made the decision simple. In partnership with them we now have a system that is capable of growing with our network, and partners in our IT department that will do anything to support our business."
Speaking on behalf of Patriot, Joseph Antonucci, Executive Vice President, said, "We have proven the robust nature of our product and the efficiency of our delivery model for several medium-sized organizations. We have a great partner in Atlantis and are proud to add their organization to our growing list of satisfied clients. Patriot will continue to dedicate its resources exclusively to making more robust its managed care products, and to focusing its consulting services on the mid-sized managed care organization. Atlantis conducted substantial diligence and worked hard with us to timely complete the installation and they now have what we believe is the most cost effective means to get Patriot-quality product and support. We know we must focus on partnered systems, and customer service -- and we do."
Atlantis Health Plan is a physician-owned Managed Care Organization comprised of a network of over 15,000 providers and which currently services small and medium employer groups throughout the New York City area. Atlantis is located at 39 Broadway, Suite 1240, New York, NY 10006. On the web at http://www.atlantishp.com/.
Patriot Managed Care Solutions is a managed care software and services firm, which is a portfolio company of Eaglestone Investment Partners, Los Angeles and Boston. Patriot is headquartered in Houston, Texas, at 1800 Augusta Drive, Houston, Texas 77057. Telephone 713-458-4080. On the web at http://www.patriotmcs.com/.
For further information, please contact: Tom Dwyer of Atlantis Health Plan, +1-212-747-8396, tdwyer@atlantishp.com; or Joseph Antonucci of Patriot Managed Care Solutions, +1-713-458-4088, jantonucci@patriotmcs.com.
Eaglestone Investment PartnersCONTACT: Tom Dwyer of Atlantis Health Plan, +1-212-747-8396,tdwyer@atlantishp.com; or Joseph Antonucci of Patriot Managed Care Solutions,+1-713-458-4088, jantonucci@patriotmcs.com
Web site: http://www.atlantishp.com//Web site: http://www.patriotmcs.com/
