Automated Benefits Announces Contract Renewal With ESI Canada
19 4월 2011 - 9:00PM
Marketwired
Automated Benefits Inc., a wholly-owned subsidiary of Automated
Benefits Corp. (TSX VENTURE: AUT), is proud to announce the renewal
of a five-year contract with ESI Canada ("ESI"), a wholly owned
subsidiary of Express Scripts, Inc., a Fortune 100 company.
Express Scripts, headquartered in St. Louis, Missouri, is one of
America's largest Pharmacy Benefit Managers ("PBM"), providing
pharmacy benefits for millions of consumers nationwide through
employers, government, union and health plans.
ESI provides Automated Benefits Inc. with PBM services which
enable employees to use electronic drug cards at the pharmacy to
pay for drug claims under their group benefits plan. These claims
are then processed through Automated Benefits Inc.'s adjudication
software ("Adjudicare") along with other non-electronic claims to
ensure seamless administration of the employee's health and dental
plan by Third Party Administrators ("TPAs").
"We are pleased that Automated Benefits Inc. has chosen to
continue to work with ESI", says Mark Murphy, Vice President
Finance, Clinical & Customer Services of ESI Canada. "We are
very proud of our relationship forged over the past five years and
look forward to the continued success of our partnership."
Richard Adair, Chief Financial Officer/Chief Operating Officer
of Automated Benefits Inc., said, "In the fall of 2010, we
undertook an extensive evaluation of the Canadian market by
inviting a series of vendors to participate in a formal Request for
Proposal process to provide PBM services to Automated Benefits Inc.
After completing our review, we were pleased to find that ESI best
supports our value proposition of giving TPAs control of the claims
adjudication process at a price which enables our partners to
remain competitive."
For more information on the Adjudicare product, visit
www.adjudicare.com or call 1.866.647.1147.
About Automated Benefits Corp.
Automated Benefits Corp., headquartered in Toronto, Canada, is a
software company dedicated to developing applications for the
insurance industry in North America and Europe. The Corporation
currently has two platforms: Symbility and Adjudicare.
Symbility automates property insurance claims through its three
complementary software components which afford users the mobility,
speed and control needed to efficiently and quickly move onto the
next claim. Symbility Claims Connect is the collaborative workflow
management tool that gives every claim participant real-time access
to the claims they are working on. Symbility Inside Adjuster is an
integrated application designed to streamline the first notice of
loss process which leads to faster settlement of claims. Symbility
Mobile Claims software is an estimating tool that increases speed,
efficiency and accuracy by allowing on-site claims processing.
Adjudicare is web-based software solution which enables
insurance brokers and third party administrators across Canada to
adjudicate health and dental claims on behalf of their clients.
Adjudicare's software accommodates flexible plan designs and
real-time payment of claims which allows our partners to provide a
high level of service while managing the costs of these group
benefit plans.
All trade names are the property of their respective owners.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Automated Benefits Inc. Richard D. Adair Chief
Financial Officer/Chief Operating Officer (416) 359-9339, ext. 1002
radair@adjudicare.com Automated Benefits Inc. James R. Swayze Chief
Executive Officer (416) 359-9339, ext. 1003
jswayze@adjudicare.com
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