PLANO, Texas and PHILADELPHIA, May 5 /PRNewswire-FirstCall/ -- Perot Systems Corporation , a worldwide provider of information technology services and business solutions, and population health and productivity solutions provider I-trax, Inc. have announced the signing of a strategic alliance to offer population healthcare management services to payer organizations, including those using Perot Systems' leading DIAMOND(R) core administrative system platform.
The DIAMOND system and I-trax solution will enable health plans to provide their members and insured dependents with the information, programs, and support to sustain and improve their health in ways previously viewed as difficult, inconvenient, or even impossible. In addition to helping payers more actively participate in healthcare services for their membership, this new service will allow payers to gain control of their medical loss ratio and drive significant savings through enhanced care management.
"We are very excited about the opportunity to work with I-trax to create what we believe to be the most comprehensive and effective consumer healthcare management service in the industry today. The combination of the DIAMOND platform with I-trax functionality and technology will produce a powerful information and transaction system to lead the emerging consumer healthcare management field. Our alliance with I-trax will enable us to provide a full- spectrum solution that serves the wellness and health promotion needs of a health plan's membership, as well as the high-touch disease state management programs required to control rising medical costs," said Richard M. Pico, Ph.D., M.D., Perot Systems Healthcare and chief medical and technology officer.
"The future of consumer healthcare management will be based on sophisticated statistical modelling of medical data to understand the current and longitudinal health and wellness needs of a population of members or patients. Applying automation, Internet portal connectivity, and proven prevention and chronic care programs to identified groups of members or patients will result in a more informed and healthier society," added Dr. Pico.
Thomas Lundquist, M.D., MMM, I-trax executive vice president and chief medical officer, added, "At I-trax, we are truly focused on providing solutions that address both the short-term and long-term aspects of health management and the resulting sustained cost controls. I-trax is committed to changing the face of disease management through our passionate belief that our fundamental goal is to treat people, not diseases. These are exciting times in the healthcare industry with enormous challenges, and we believe the rewards of these efforts will improve people's lives."
I-trax's personalized health management and disease interventions include intensive programs for individuals who suffer from, or are at high risk for, active or chronic disease and tailored programs for individuals who are at low risk. Depending on the individual's level of risk, custom tailored interventions include self-help programs, which are available through the Internet, or person-assisted programs administered through I-trax's Care Communications Center, which is staffed by trained nurses and other health professionals 24 hours per day, 7 days per week.
I-trax's comprehensive solutions for focused disease intervention and life-style management include programs for asthma, cancer management, chronic obstructive pulmonary disease, coronary artery disease, congestive heart failure, cystic fibrosis, diabetes, low back pain and more. In addition, I-trax offers programs to help individuals improve their health through smoking cessation, weight management, exercise and other behavioral changes.
Perot Systems and I-trax are sponsoring the Disease Management (DM) track at the National Managed Health Care Congress. The track will focus on the effectiveness of DM programs, incentives for patient adherence, and technology advancements. The track will be held on May 6 at 11:45 a.m. EDT at NMHCC in the Washington DC convention center.
Perot Systems Corporation is one of the largest global providers of business process, technology, and consulting solutions in the healthcare industry. The company's healthcare clients include 4 of the top 20 United States health systems; more than 330 healthcare providers; 350 health insurance organizations; and thousands of caregivers, as well as leading life sciences and healthcare supply chain companies. Perot Systems Healthcare is committed to applying knowledge, using technology, and improving processes to solve the complexity of care delivery and health administration, while achieving sustainable results. Perot Systems Healthcare solutions help organizations successfully manage business processes, information, and transactions across the industry and between all constituents to meet those objectives. Perot Systems' broad expertise, wide reach, and deep relationships enable the company to impact healthcare, delivering results throughout the industry.
About I-trax
I-trax, Inc., (http://www.i-trax.com/ ), is a total population health and productivity company, with combined 2003 net pro forma revenues of approximately $122 million. Serving over 100 clients, I-trax offers population-based healthcare solutions including, disease management, health promotion, productivity management and on-site care services.
I-trax Forward Looking Disclaimer: This news release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are subject to risks and uncertainties, which could cause actual results to differ materially from those anticipated; including those risks detailed in I-trax's filings with the Securities and Exchange Commission, and should be read in light of these risks.
About Perot Systems
Perot Systems is a worldwide provider of information technology services and business solutions. Through its flexible and collaborative approach, Perot Systems integrates expertise from across the company to deliver custom solutions that enable clients to accelerate growth, streamline operations and create new levels of customer value. Headquartered in Plano, Texas, Perot Systems reported 2003 revenue of $1.5 billion. The company has more than 13,000 associates located in North America, Europe, and Asia. Additional information on Perot Systems is available at http://www.perotsystems.com/ .
Perot Systems Forward Looking Disclaimer This press release contains forward-looking statements. These statements relate to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "forecasts," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "potential," or "continue" or the negative of such terms and other comparable terminology. These statements are only predictions. Actual events or results may differ materially. Please refer to our Annual Report on Form 10-K for the fiscal year ended December 31, 2003, as filed with the U.S. Securities and Exchange Commission and available at http://www.sec.gov/ , for additional information regarding risk factors. We disclaim any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments, or otherwise.
Perot Systems CorporationCONTACT: healthcare media, Georgia Engle of Perot Systems Corporation,+1-972-577-6012, or fax, +1-972-577-5142, or cell, +1-214-499-2839, orgeorgia.engle@ps.net ; or Janice MacKenzie of I-trax, Inc., +1-215-557-7488x109, or fax, +1-215-557-7820, or jmackenzie@I-trax.com
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