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Press ReleaseBloodhound Technologies and Acclamation Systems Announce Integrated Claims Editing ServiceRESEARCH TRIANGLE PARK, N.C., Feb. 21, 2006 -- Bloodhound Technologies and Acclamation Systems, Inc. (ASI) today announced a strategic partnership whereby Acclamation will embed and sell Bloodhound's ASP claims editing and analytics service. This service will be offered as part of Acclamation's LuminX LX(TM) suite of products.Embedding Bloodhound's claims editing and analytics service will increase auto-adjudication rates and savings by allowing LuminX LX clients to run claims in real-time against 16 million open-sourced edits and total patient histories directly from the LuminX system. "We are excited about offering Bloodhound's ASP claims editing service as part of the LuminX LX suite of products. With healthcare costs continuing to rise, our clients have to maximize cost savings and increase their auto-adjudication rates; adding Bloodhound's service to our state-of-the-art benefits technology suite will help them achieve these goals," said Jim Senge, ASI CEO. Further, the integration will link Bloodhound's analytic and consulting services seamlessly into the LuminX LX portal so that clients will have a single sign-on point to view comprehensive claim information. "We are pleased to be a core part of the LuminX LX offerings," said Bloodhound's CEO Gary Twigg. "Acclamation clients will now be able to take advantage of our claims editing expertise and have our full analytic tools as part of their LuminX LX portal. These tools provide full information on our open-sourced edits and can be positioned for viewing by providers as well. This white box approach to editing helps maintain positive provider relations while our ASP technology increases auto-adjudication rates and savings." About Bloodhound, Inc. Bloodhound, Inc. provides claims editing and business analytics services to all participants in the claims revenue cycle. Its services, technologies and products combine to offer any payor of claims the most comprehensive solution to preventing overpayment or miscoding of claims. Delivered as an ASP application, Bloodhound's premier service, ClaimsGuard, enables real-time edit processing of claims for accuracy including duplicates, up-coding, re-bundling, and unbundling of codes. Customers engage Bloodhound to improve their profitability, increase auto-adjudication rates, gain insight into provider/payer historical behavior and assist them in building more efficient claims processes. For more information, please visit http://www.bloodhoundinc.com. About Acclamation Systems, Inc. Acclamation Systems, Inc. delivers integrated, flexible technology solutions for employee benefits management. The company was founded in 1989 as a joint venture between Coordinated Group of Companies (CGC), a firm specializing in the administration of employee benefits, and ECCO Consulting, Inc., a systems design firm. This strategic union resulted in a truly comprehensive benefits management system offering online enrollment and eligibility maintenance, comprehensive reporting and full accounting capabilities. LuminX, ASI's flagship product, is used by a number of the world's largest insurance carriers, third party administrators and self-administered organizations. For more information on the company, visit http://www.acclamation.com. Contact: David Jackson Bloodhound Technologies (919) 313-1651 |
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