MCLEAN, Va. and PHOENIX, Aug. 16 /PRNewswire-FirstCall/ -- BearingPoint, Inc. , one of the world's largest management consulting and systems integration firms, and Quality Care Solutions, Inc., (QCSI(R)), a leading provider of advanced information technology and enterprise application systems and services for healthcare payors, announced today an alliance to jointly offer Consumer Directed Healthcare (CDH) services.
The alliance marks a unique partnership among healthcare information technology industry leaders. QCSI was recently cited by a global independent research company as a market leader in three categories: healthcare claims platforms, consumer-directed health solutions, and claims platforms with integrated medical management. BearingPoint is one of the world's largest consulting firms, with more than 500 healthcare consultants operating in the United States alone. Together, the companies' combined expertise will provide health insurers and benefits administrators with an experienced, knowledgeable resource for developing and implementing a comprehensive CDH solution.
BearingPoint's healthcare expertise, in tandem with QCSI's MyHealthBank Suite, will be able to provide the strategic understanding, information technology expertise, and tools to implement a successful program without the complexity of managing multiple vendors. With the anticipated growth of CDH, BearingPoint and QCSI's alliance offers a full range of capabilities to address the needs of health insurers.
"Healthcare payor organizations recognize that CDH initiatives can be significant contributors to future growth," stated Kathy McAleer, QCSI's vice president of operations. "They are looking for CDH information and want to implement robust CDH solutions. We chose to partner with BearingPoint because our strengths complement one another, enabling us to deliver a highly effective CDH solution to the payor community."
"BearingPoint recognizes the urgency healthcare companies face as they look to break into CDH," said Bob Sullivan, senior vice president for BearingPoint's Healthcare Services. "The market represents a huge growth opportunity for organizations ready to leverage technology to capture customers for life, and our implementation expertise combined with QCSI's technical solutions will provide healthcare organizations with the resources they need to excel."
About QCSI
Cited by a global independent research company as a leader for healthcare claims platforms and claims platforms for consumer-directed health and claims platforms with integrated medical management, QCSI is empowering companies for "The Next Healthcare Economy, Without Information Boundaries." The company is celebrating more than 10 years of delivering advanced technology enterprise solutions that empower health insurers and benefits administrators to automate healthcare administration, lower the cost of care and improve outcomes. QCSI enables health plans to reduce costs, improve customer service, increase profitability, expand market share and prepare for government regulations, including HIPAA. Our award-winning enterprise applications include the Qnxt product family (Medical, Dental, Case Management, Accounts Receivable, View, and Connect), and the web-based MyHealthBank suite (Transact, Direct, Navigator, and Finance), proven applications and solutions for the rapidly growing consumer-directed healthcare segment. Headquartered in Phoenix, Arizona, QCSI can be contacted at 888-940-6432 or info@qcsi.com, or visit our website at http://www.qcsi.com for more information.
About BearingPoint, Inc.
BearingPoint, Inc. is one of the world's largest management consulting, systems integration and managed services firms serving government agencies, Global 2000 companies, medium-sized businesses and other organizations. We provide business and technology strategy, systems design, architecture, applications implementation, network infrastructure, systems integration and managed services. Our service offerings are designed to help our clients generate revenue, reduce costs and access the information necessary to operate their business on a timely basis. Based in McLean, Va., BearingPoint has been named by Fortune as one of America's Most Admired Companies in the computer and data services sector. For more information, visit the company's website at http://www.BearingPoint.com.
This press release may contain forward-looking statements, the accuracy of which is necessarily subject to risks, uncertainties and assumptions as to future events that may not prove to be accurate. Factors that could cause actual results to differ materially from those expressed or implied include general economic conditions and the factors discussed in Exhibit 99.1 in BearingPoint's Form 10-Q for the period ended September 30, 2004 and BearingPoint's Form 8-Ks filed as of December 16, 2004, March 18, 2005 and April 20, 2005. BearingPoint undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
BearingPoint, Inc.CONTACT: Steve Lunceford of BearingPoint, Inc., +1-703-747-4545,steve.lunceford@bearingpoint.com; or Janet A. Cabibbo of Quality CareSolutions, Inc., +1-480-735-7093, Janet.Cabibbo@qcsi.com
