WASHINGTON, May 5 /PRNewswire-FirstCall/ -- Vitria , a leading provider of business process integration solutions, will be exhibiting its leading-edge claims and medical management solutions for the healthcare industry at the 16th Annual National Managed Health Care Congress (NMHCC), which opens today at the Convention Center in Washington, D.C. Vitria will offer attendees customized presentations and demos of the latest additions to the company’s growing family of healthcare solutions, specifically Vitria:SmartClaims(TM) and Vitria:SmartResponse(TM). Vitria will be located in Booth #508 and giving demos throughout the show during normal exhibit hours, beginning with the Exhibit Hall Opening Reception today, Wed., May 5th, from 5:15 p.m.-6:30 p.m. EDT, and continuing the following day, Thurs., May 6th, from 9:30 a.m. to 6:30 p.m. EDT.
NMHCC is the nation’s largest managed care event, bringing groups of people together from every segment of the industry. With healthcare costs continuing to see double-digit increases for the 5th year in a row, the NMHCC remains the only conference and exposition positioned to help healthcare organizations manage the cost crisis by connecting leaders from all sectors of managed care. NMHCC offers an unprecedented opportunity for every attendee to learn to successfully communicate and devise effective programs to drive cost containment, better manage utilization and improve customer access -- all without sacrificing the quality of care.
“The healthcare industry is realizing that controlling costs by streamlining and automating the flow of information is vital to the continued success, even the survival, of their businesses,” said Robert Golladay, VP of Healthcare and Insurance Solutions, Vitria. “With our claims lifecycle and medical management solutions, Vitria is enabling healthcare organizations to align their existing technology investments toward greater operational efficiency, lower medical loss ratio and improved customer service.”
Vitria’s healthcare solutions -- based on the award-winning Vitria:BusinessWare(TM) business process integration platform -- deliver measurable, sustainable business outcomes to healthcare insurance payers. The solutions being showcased this year at NMHCC include:
-- Vitria:SmartClaims(TM): A solution designed to improve a health insurance company’s claims auto-adjudication rate and processing efficiency. Vitria:SmartClaims wraps adjudication systems with automated business rules and processes to pre-adjudicate claims and prevent and auto-resolve exceptions. -- Vitria:SmartResponse(TM): A solution designed to automate authorization and referral processes via application of automated clinical business rules, reducing cost per transaction and improving patient and provider service levels. About NMHCC
The 16th Annual NMHCC will be held Wednesday, May 5th through Friday, May 7th, 2004 at the Washington, D.C. Convention Center. For more information on attending the Congress, visit http://www.nmhcc.com/ .
About Vitria’s Healthcare Solutions
Vitria’s healthcare solutions, based on the award-winning Vitria:BusinessWare(TM) business process integration platform, streamline healthcare administration, simplify deployment, reduce costs and improve business competitiveness. Leading healthcare companies using Vitria solutions include: Availity, Aventis, Blue Cross Blue Shield of Arizona, Blue Cross Blue Shield Association, Blue Cross Blue Shield of Michigan, Blue Cross Blue Shield of Minnesota, Blue Cross Blue Shield of Oklahoma, Cardinal Health, Guardian, Humana, Mennonite Mutual Aid and PacifiCare Health Systems.
About Vitria
Vitria Technology, Inc., a leading provider of award-winning business process integration products and solutions, combines technology leadership with industry expertise in healthcare and insurance, financial services, telecommunications and manufacturing to dramatically improve strategic business processes across systems, people and trading partners. With 23 offices around the world, Vitria’s customer base includes blue chip companies such as AT&T, Bell Canada, Bell South, The Blue Cross Blue Shield Association, BP, BT, DaimlerChrysler Bank, Generali, Nissan, The Goodyear Tire & Rubber Company, PacifiCare Health Systems, Reynolds & Reynolds, Royal Bank of Canada, Schneider Logistics, Sprint, Trane, and the U.S. Departments of Defense and Veterans Affairs. For more information call +1-408-212-2700, email info@vitria.com or visit http://www.vitria.com/.
NOTE: Vitria and BusinessWare are registered trademarks of Vitria Technology, Inc. All other names may be trademarks of the companies with which they are associated.
Cautionary Note Regarding Forward-looking Statements: This press release includes forward-looking statements, including statements relating to new products, goals and future business opportunities that are subject to risks, uncertainties and other factors that could cause actual results to differ materially from those referred to in the forward-looking statements. Such factors include, but are not limited to: failure to meet financial and product expectations of analysts and investors: risk related to market acceptance of Vitria’s products and alliance partners’ products; deployment delays or errors associated with these and other products of Vitria and partners; hardware platform incompatibilities; the need to maintain and enhance certain business relationships with system integrators and other parties; the ability to manage growth; activities by Vitria and others regarding protection of proprietary information; release of competitive products and other actions by competitors; risks associated with possible delisting from the stock market on which Vitria’s securities are listed; and economic conditions in domestic and foreign markets. These and other risks related to Vitria are detailed in Vitria’s Annual Report on Form 10-K for the year ended Dec. 31, 2003, filed with the SEC on March 12, 2004. Vitria does not undertake an obligation to update forward-looking statements.
Vitria Technology, Inc.
CONTACT: Media, Fred Bateman of The Bateman Group, +1-415-503-1818, orfbateman@bateman-group.com, for Vitria
Web site: http://www.nmhcc.com/
Web site: http://www.vitria.com/
