CPTV Captiva Software (MM)

Captiva Software Corporation (NASDAQ:CPTV), a leading provider of input management solutions, today announced that ESI, a healthcare revenue cycle business process outsourcing (BPO) company, has selected Captiva's Digital Mailroom(TM), InputAccel(R) and Claims Editor Professional(TM) software to increase efficiency and accuracy in capturing and processing patient documents for its customers. The value of the contract to Captiva is approximately $660,000. ESI will utilize the Digital Mailroom and InputAccel to capture, extract, validate and route data from patient registration forms, patient encounter forms and other documents that hospitals and healthcare providers submit to ESI for processing. After performing these tasks, the solutions will export the digital content into a Hyland OnBase(R) enterprise content management (ECM) system. In addition, ESI will utilize Captiva's Claims Editor Professional to help code and edit claims for its clients before submitting the claim data to the payer community for payment. These solutions will enable ESI to provide its clients with more efficient and accurate processing, leading to faster reimbursement and shorter revenue cycles. "We spent three months evaluating numerous competitive products, but Captiva was the only company that could provide us with all of the tightly integrated components and services we required to support our overall offering," said Jay Lopez, Vice President of Information Systems at ESI. "Captiva's sales and implementation teams have been extremely thorough in crafting and supporting our customer-centric solutions and we have been very pleased with the results so far. Because of our expanded capabilities, we are exploring additional ways of utilizing the Captiva solutions to further enhance our service offerings to our customers." "We're pleased ESI is leveraging Captiva's solutions for its revenue cycle outsourcing services," said Howard Dratler, Captiva's Executive Vice President of Field Operations. "The merging of the Digital Mailroom, InputAccel and Claims Editor Professional in this application provides a unique combination of capabilities that will enable ESI to reduce administrative overhead while providing consistent, quality services to its customers through increased efficiencies and improved data accuracy." The Digital Mailroom is an automated classification and routing system for digitized images of paper documents and electronic communications. InputAccel is Captiva's award-winning document capture software that transforms mission-critical data from paper and faxes into business-ready content. Claims Editor Professional is advanced clinical editing software that ensures claims are properly coded and in accordance with applicable state Medicare, Medicaid and other third-party payer rules and regulations. About ESI ESI is a comprehensive healthcare revenue cycle outsourcing company, providing services to hospitals, hospital systems, physicians, physician groups and payers. ESI provides focused solutions for each revenue cycle core function, including patient access, patient accounting, case management and denial management. ESI is a privately held company with offices throughout the United States. Over the past decade of service, ESI has recovered in excess of $3.5 billion for healthcare organizations. For more information, visit www.esinetwork.com. About Captiva Software Corporation Captiva Software Corporation (NASDAQ:CPTV) is a leading provider of input management software solutions. Since 1989, the company's award-winning products have been used to manage business critical information from paper, faxed and scanned forms and documents, Internet forms and XML data streams into the enterprise in a more accurate, timely and cost-effective manner. These products automate the processing of billions of forms and documents annually, converting their contents into information that is usable in database, document, content and other information management systems. Captiva's technology serves thousands of users in insurance, financial services, government, business process outsourcing, direct marketing and other markets. For more information, visit www.captivasoftware.com. Digital Mailroom and Claims Editor Professional are trademarks, and InputAccel is a registered trademark of Captiva Software Corporation. OnBase is a registered trademark of Hyland Software. All other trademarks or registered trademarks are the property of their respective owners. This press release may contain forward-looking statements that involve risks and uncertainties, as well as assumptions that, if they prove incorrect, could cause our results to differ materially from those expressed or implied by such forward-looking statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including, among other things, any projections of earnings, revenues (including where the underlying contract has already been signed), or other financial items; any statements of the plans, strategies, and objectives of management for future operations; any statements concerning proposed new products, services, or developments; any statements regarding future economic conditions or performance; statements of belief and any statement of assumptions underlying any of the foregoing. The risks, uncertainties and assumptions referred to above include, among other things, performance of contracts by customers and partners; employee management issues; the timely development, production and acceptance of products and services and their feature sets; the challenge of managing asset levels, including inventory; the flow of products into third-party distribution channels; and the difficulty of keeping expense growth at modest levels while increasing revenues. Announcements of contract awards should not be interpreted as reflecting revenue in any particular period and may relate to revenue recorded in prior periods. These and other risks and factors that could cause events or our results to differ from those expressed or implied by such forward-looking statements are described in our most recent annual report on Form 10-K and quarterly reports on Form 10-Q, as well as other subsequent filings with the Securities and Exchange Commission. 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