Pittsburgh, PA (PRWEB) May 8, 2006
Acclamation Systems, Inc. (ASI) announced today LuminX Preferred, an end-to-end, integrated cost containment solution for Third Party Administrators (TPAs) that will allow them to significantly impact their clients’ health plan costs. With this single source, on-demand solution, TPAs will be able to provide their clients a transparent view detailing the ratio of total paid claims to total charge (or the percentage of savings). By integrating this valuable service into a best-of-breed claims administration engine, ASI is providing TPAs the power to compete with large health plans and Administrative Services Only organizations, improve their customer retention and increase their books of business.
Using the core LuminX claims administration engine with this powerful claims processing component for quoting purposes, clients will recognize measurable efficiencies, potentially resulting in employer premium reduction.
In developing this offering, ASI selected best-of-breed technologies to integrate with the LuminX system. Specific capabilities of LuminX Preferred and their providers include:
Claims adjudication (provided by LuminX)
Bill Review and Audit
Pharmacy Benefit Management
“The healthcare payor industry is going through consolidation and organizations must reduce costs to remain competitive,” said ASI CEO Jim Senge. “With LuminX Preferred, payors can leverage the benefits of multiple cost containment services integrated into one claims platform. Preferred is the latest solution in a recent group of Acclamation Systems’ offerings aimed at helping transform healthcare payors into more agile businesses able to truly compete with larger healthcare entities.”
LuminX Preferred was unveiled to ASI’s client base during the LuminX User Group 2006 Conference, May 8-10 in Pittsburgh, PA.
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 or contact Alison Frederick at 412-276-4050, ext. 325.
ASI Corporate PR
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