WOODLAND HILLS, Calif., April 21 /PRNewswire/ -- OAO HealthCare Solutions, Inc.(TM) (OAOHS), a leading provider of the industry’s most advanced healthcare IT solutions, will debut its flagship benefits administration system, Resolution(TM), at the 16th Annual National Managed Health Care Congress (NMHCC) in Washington, D.C. on May 5, 2004, Booth # 543.
(Logo: http://www.newscom.com/cgi-bin/prnh/20030326/DCW001LOGO )
Resolution is the first system that allows the nation’s largest health plans and payers to converge onto a single system for all of their back-office administrative operations using their existing IT. The patent-pending system design is scalable to accommodate millions of members and streamlines organizations for mergers and acquisitions.
Built on HIPAA standards using Java(TM) and J2EE(TM) technologies, Resolution is virtually platform- and database-independent, maximizing the use of a client’s existing IT investment and thereby substantially lowering implementation costs. Resolution further reduces administration costs through smart design features, such as its single master databases, complex claims adjudication functionality and an easy to use, browser-based interface.
The unique architecture of Resolution creates unequalled integration, enhancing a plan’s ability to bring new products to market rapidly, expand lines of business and increase customer satisfaction. Its robust capabilities administer the core business processes of the HMO, PPO, Indemnity, POS, consumer driver health plan, TPA, MSO and self-funded group models under a single application.
“Resolution is the revolution that the nation’s premier health plans have been waiting for,” said Zan Calhoun, president of OAOHS. “These plans are running multiple disparate legacy systems that are inefficient, inflexible and expensive to maintain. At the same time, the industry is demanding increased administrative efficiencies, reduced costs and innovative new product designs. We designed Resolution specifically with those challenges in mind.”
About OAO Technology Solutions, Inc. (OAOT)
OAOT operates across two lines of business: Managed IT and Healthcare IT Solutions. As a partner to global outsourcers and major corporations, OAOT delivers managed IT solutions to commercial clients and government agencies worldwide. The Company’s key offerings include: application management, IT infrastructure support, professional staffing services and healthcare IT solutions. Headquartered in Greenbelt, Maryland, the Company’s 2,500 employees work in over 200 locations throughout the world. For more information visit our website at http://www.oaot.com/.
About OAO HealthCare Solutions, Inc. (OAOHS)
OAOHS is a wholly owned subsidiary of OAO Technology Solutions, located in Woodland Hills, California, and is a leading provider of electronic health benefit information solutions designed to meet the specific business needs of healthcare payers and providers. Its fully integrated information solutions enable healthcare organizations to automate business processes, streamline operations, and improve workflow. Visit the OAOHS web site at http://www.oaohs.com/.
SAFE HARBOR STATEMENT: This news release contains forward-looking statements concerning future results, performance or expectations. These statements are based upon the Company’s current expectations and assumptions, which are subject to risks and uncertainties that may cause actual results to differ materially from those anticipated or described. These risks include the risks and uncertainties relating to the difficulties of investments in infrastructure, expansion of business offerings, opportunities in the marketplace, future financial results and other factors.
Java, J2EE, J2SE, J2ME, and all Java-based marks are trademarks or registered trademarks of Sun Microsystems, Inc. in the United States and other countries. Resolution, the Resolution logo, and “Completely different.” are trademarks of OAO HealthCare Solutions, Inc.
Photo: http://www.newscom.com/cgi-bin/prnh/20030326/DCW001LOGOPRN Photo Desk, +1-888-776-6555 or +1-212-782-2840 OAO HealthCare Solutions
CONTACT: Nicolette Worley Marselian of OAO HealthCare Solutions,+1-818-710-2228, nworley@oaohs.com; or Maisha Hoye of OAO TechnologySolutions, Inc., +1-301-486-2388, media@oaot.com
