Business and Finance
Since signing the original agreement in 1987, the companies have worked together to consolidate BCBSAZ's multiple claims processing platforms onto MetaVance and integrate processes for HIPAA compliance, among other milestones. Today, MetaVance processes an average of 11 million claims per year for BCBSAZ.
"Reaching the highest customer satisfaction levels while reducing
operating costs is one of our top operational and strategic priorities at
BCBSAZ. Continuing to use MetaVance is a key component to delivering on this
priority," said
With this agreement, EDS will continue to deliver existing services, which
include managing and enhancing MetaVance and hosting the software application
at the EDS data center in
EDS notes that MetaVance is a scalable software product used to automate core administrative processes such as enrollment, member eligibility and claims processing for healthcare payers with multiple companies, lines of business and products such as indemnity, preferred provider organizations and health maintenance organizations. MetaVance is based on a flexible, service-oriented architecture and is designed for payers looking to automate processes such as enrollment, call tracking and workflow. The member-centric model supports tailored benefits for both the member and their dependents and supports consumer-directed health plans.
"The EDS team takes great pride in continuing this successful relationship
with such a well-established health insurance company," said
EDS has served the healthcare industry for more than 40 years. Today, EDS
touches more than 200 million lives daily and performs 2.4 billion healthcare
transactions each year, including 1 billion in healthcare claims annually. EDS
is the nation's largest provider of Medicaid and Medicare process management
services, administering
About Blue Cross Blue Shield of Arizona
Blue Cross Blue Shield of Arizona, an independent licensee of the
Blue Cross and Blue Shield Association, is the largest Arizona-based health
insurance company. The not-for-profit company was founded in 1939 and provides
health insurance products, services or networks to more than 1.1 million
individuals. With offices in
About EDS
EDS is a leading global technology services company delivering business solutions to its clients. EDS founded the information technology outsourcing industry more than 45 years ago. Today, EDS delivers a broad portfolio of information technology and business process outsourcing services to clients in the manufacturing, financial services, healthcare, communications, energy, transportation, and consumer and retail industries and to governments around the world. Learn more at eds.com.
The statements in this news release that are not historical statements, including statements regarding the amount of new contract values, are forward-looking statements within the meaning of the federal securities laws. These statements are subject to numerous risks and uncertainties, many of which are beyond EDS' control, which could cause actual results to differ materially from such statements. For information concerning these risks and uncertainties, see EDS' most recent Form 10-K. EDS disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
CONTACT: Julie Basa Regena Frieden EDS Blue Cross Blue Shield of Arizona 972 605 1862 602 864 4046 julie.basa@eds.com rfrieden@phx1.bcbsaz.com
|
|