RICHFIELD, Ohio, Feb. 3 /PRNewswire-FirstCall/ -- SmartData (OTC Pink Sheets: SDAI), developer of virus-immune enterprise software, has received a contract from MyriadHealth (Myriad). SmartData's software will protect Myriad's unique employee benefit claim processing and payment system. SmartData's secure software in combination with its rule-based architecture allows Myriad to provide instantaneous turn-around in the processing of benefits and payment of claims.
By employing SmartData technology, Myriad estimates that its time to market will be 1/3 that of alternative solutions and save over half the direct cost. The implementation of the SmartData application is all done via configuration rather than traditional costly programming methods. This feature reduces long-term system cost allowing Myriad to quickly respond to changes in the market place and to the specific needs of each customer. The rule-based nature of the system lets Myriad adapt to regulatory changes almost immediately and ensures a long system life.
Using patent-pending virus-immune and secure software available only from SmartData, Myriad will be able to implement its unique system for both employers and health care providers while maintaining the audit and reporting capability required under Federal law. The Myriad system will optimize the communication, remittance and payment of claims processes between healthcare providers and payors. The net effect will be a dramatic reduction in the total cost of an employee benefits program expected to range from 15% to 25%. The financial incentives throughout the healthcare transaction will be realigned to reward the employer, the patient and the provider.
For more information, contact Dr. Steve Belovich or Mr. Paul Victor (SmartData) at 330-659-2660 or Mr. Joe Turi (MyriadHealth) at 440-516-2444.
SmartData Inc.CONTACT: Dr. Steve Belovich, or Mr. Paul Victor of SmartData,+1-330-659-2660; or Mr. Joe Turi of MyriadHealth, +1-440-516-2444
Web site: http://www.smart-data.com/