Pittsburgh, PA (PRWEB) March 31, 2008
Acclamation Systems, Inc. (ASI) announced today that Cypress Benefit Administrators has signed a contract to use the LuminX benefits management platform to administer its self-funded business. Cypress, a large third-party administrator and medical risk management company headquartered in Appleton, Wisconsin, will be converting their headquarters' operation over from the Eldorado platform to LuminX.
"Our evolving benefits administration business needs a system that can not only handle claims processing, but also support our industry-leading consumer-directed and medical management services," said Tom Doney, Cypress President. "LuminX is a comprehensive system that includes fully integrated Web tools, such as online enrollment and reporting/analytics, which will greatly enhance our service offerings."
LuminX is a comprehensive benefits management system that combines a powerful claims processing engine with integrated technologies, such as imaging and IVR; and Web-based functions, such as enrollment and eligibility maintenance, and advanced reporting and business intelligence. The system currently supports nearly 7 million member lives.
"As part of our long-term commitment to the benefits management marketplace, we look forward to helping Cypress Administrators not only manage their current business, but also grow their client base," said Acclamation Systems' CEO Jim Senge. "Cypress will eventually implement LuminX across their multiple-location enterprise, utilizing our hosted application service, which will provide them with predictable, monthly operating costs."
Cypress Benefit Administrators, a pioneer in Consumer-Driven Health Plans, administers plans in 39 states via its offices in Wisconsin, Nebraska, Michigan and Indiana. Formed in 2000, Cypress is a Third Party Administrator (TPA) of self-funded benefit plans specializing in Consumer Driven Health Plans and helping employers reduce their health care costs through The Cypress Solution, a comprehensive suite of medical risk management and cost control programs. For more information, visit http://www.cypressbenefit.com
About Acclamation Systems, Inc.
Acclamation Systems, Inc. delivers integrated, flexible technology solutions for employee benefits management. Since its inception in 1989, ASI continues to provide some of the world's largest insurance carriers, third party administrators and self-administered organizations with the most comprehensive, powerful benefits administration system on the market today. ASI's flagship product, LuminX, is an end-to-end, automated system designed for organizations entrusted with the responsibility of administering health and other employee benefits. To complement the LuminX system, ASI offers robust Web tools, including online eligibility and enrollment, and comprehensive reporting; full accounting capabilities; integrated technologies; and outsourcing services to enhance their clients' productivity and profitability.
For more information on the company, visit http://www.acclamation.com.