SUNNYVALE, Calif., May 10 /PRNewswire-FirstCall/ -- Verity Inc. , a leading provider of enterprise software that enables organizations to maximize the return on their intellectual capital investment, today announced that Hawaii Medical Service Association (HMSA) will deploy Verity’s TeleForm(R) MediClaim(TM) content capture solution to streamline forms processing in both paper and electronic formats. HMSA is an independent licensee of the Blue Cross and Blue Shield Association (BCBSA).
After an extensive evaluation of content capture and forms processing vendors, HMSA -- the largest provider of health care coverage in Hawaii -- selected Verity to enhance the processing of its standardized healthcare information forms, such as HCFA 1500 and UB 92 claim forms as well as its non-standard forms for enrollment and correspondence.
HMSA’s initial use of Verity’s sophisticated process-automation features will focus on capturing the medical claims into an electronic format and then transitioning all claims to MediClaim. The expected results are greater accuracy and efficiency achieved in less time. The goals for the project include improving claims productivity rates and achieving economies of scale by automating the processes associated with additional forms and documents.
“We will be able to reduce processing and data entry costs using Verity TeleForm MediClaim to automate our manual processes,” said Gordon Hilton, HMSA’s chief information officer. “The real value will be in Verity’s ease of use, giving us the ability to implement solutions quickly, enjoy rapid user adoption, and process a wide variety of form types with form identification features that will reduce processing time.”
Verity’s open systems approach allows the local BCBSA affiliate to integrate easily with Documentum, enabling the organization to transfer form data directly into its existing document management system. This will significantly reduce the costs associated with archiving data and the production, storage and retrieval of paper forms.
“Verity MediClaim makes medical claims processing more efficient, allowing health care payers to enhance customer satisfaction, increase throughput and capacity, and vastly improve accuracy and quality,” said Anthony J. Bettencourt, Verity’s president and CEO.
About HMSA
HMSA is a nonprofit mutual benefit association founded in Hawaii in 1938. It is a member of the Blue Cross and Blue Shield Association, an association of independent Blue Cross and Blue Shield plans. Nationally, HMSA and 40 other Blue Cross and Blue Shield plans provide worldwide coverage to more than 88 million members.
About Verity
Headquartered in Sunnyvale, California, Verity provides software that enables organizations to maximize the return on their intellectual capital investment. The company’s intellectual capital management (ICM) solutions provide integrated search, classification, recommendation, monitoring and analytics across the real-time flow of enterprise information, along with question and answer interfaces for effective online self-service. Other Verity ICM solutions capture content and drive automated business processes. Verity technology also serves as a core component of more than 260 applications from leading independent software vendors.
Verity software solutions are used by more than 11,500 customers in the private and public sectors. Customers include American Express, AT&T, Bristol-Myers Squibb, Cap Gemini Ernst & Young, Cardinal Health, Cisco Systems, EMC Documentum, Dow Jones, Financial Times, Hewlett-Packard, Home Depot, Lotus, Kaiser Permanente, META Group, SAP, Siemens, the State of California, Stellent, Sybase, the U.S. Departments of Energy and Justice, and the U.S. Army.
The statements in this press release regarding the benefits that Verity expects the Hawaii Medical Service Association will receive from Verity’s TeleForm MediClaim are forward-looking statements. These statements are subject to risks and uncertainties, including the risk that: the benefits may not be obtained due to technical or other reasons; and the structure of certain customers’ organizations may not be conducive to realizing these benefits. These and other risks relating to Verity and its business and products are set forth under the caption “Risks Relating to Our Operations” in Item 2 of Verity’s Form 10-Q filed with the Securities and Exchange Commission on April 12, 2004.
For more information, contact Verity at info@verity.com or at World Wide Web site http://www.verity.com/ or call 408-541-1500.
NOTE: Verity and the Verity logo are registered trademarks or trademarks of Verity, Inc. All other trademarks are the property of their respective owners.
Verity Inc.
CONTACT: Jennifer Moranz of Verity, Inc., +1-760-936-4711, orjmoranz@verity.com; or Steve Hoechster of ElsterGroup, +1-646-495-5401, or+1-914-393-9219, or shoechster@elstergroup.com, for Verity Inc.
Web site: http://www.verity.com/
