MCLEAN, Va., April 26 /PRNewswire/ -- VitalSpring Technologies, the innovator in health benefits performance software, is featured in a special profile in the "Inside Business" section of the May 3rd issue of Time Magazine, available today. In the article, "An Rx for Costs," the Company is depicted as a software innovator with an exclusive focus on enabling large employers to improve health benefits purchasing by allowing executives to analyze costs themselves.
"Hiring outsiders to help cut health-care costs isn't new," says Time Magazine National Economics Correspondent Adam Zagorin. But the job normally goes to outside firms whose interests are not always aligned with those of their clients, continues the correspondent. "VitalSpring claims that as an independent body it can focus solely on how a company can improve its purchasing power," Mr. Zagorin adds.
The article describes how the VitalSpring technology platform can improve benefits purchasing by constantly gathering and updating health-care data, financial data, employee demographics and health patterns. With this analysis in hand, the article reports, executives can determine which employee groups run the highest risks, so those costs can be contained through special programs. The result, as quoted in Time, is "the end to one-size fits all insurance coverage."
"We are extremely pleased that the VitalSpring success is featured in such a prominent way on a national level in Time Magazine," said Sreedhar Potarazu, President and CEO. "This article provides an easy-to-understand explanation of our core value proposition to Corporate America -- that our technology empowers executives to uncover details about their true benefits costs on their own, then once armed with this information, allows them to take actions both internally and with their providers to put in place programs that optimize cost and quality to meet both employee and shareholder needs."
About VitalSpring Technologies, Inc.
VitalSpring Technologies is the first enterprise software company to deliver business intelligence solutions that enable large, self-insured corporations and government agencies to better manage and control healthcare benefits costs. VitalSpring is the only enterprise software company focused exclusively on leveraging employers' purchasing power within their health benefits supply chain. The HBPS solution won a product of the year award for 2003 by Human Resource Executive Magazine. For more information, visit http://www.vitalspring.com/.
VitalSpring Technologies, Inc.CONTACT: Liz Sara, +1-703-770-2834, for VitalSpring Technologies, Inc.
Web site: http://www.vitalspring.com/
