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WASHINGTON, DC PRNewswire December 15, 2004 America's Health Insurance Plans (AHIP) announced today that it has selected Avolent as the newest member of its vendor affinity program, AHIP Solutions. Avolent provides Financial Relationship Management software solutions to the health insurance plans that can help them better manage their billing and invoicing processes. (Logo: http://www.newscom.com/cgi-bin/prnh/20040830/AHIPLOGO ) "The addition of Avolent continues our mission to find viable service providers for our members through this important program," said AHIP President and CEO Karen Ignagni. "By developing a strategic partnership with Avolent, our members will have preferred access to a reliable suite of cost-saving solutions from which to choose." Avolent's flagship software product, BizCast, is used extensively throughout the industry and is designed specifically for health insurance plans to streamline the financial interactions between employer groups, brokers, and TPA's. BizCast can help organizations reduce costs and improve customer service by converting paper documents to an electronic form, automating financial processes, and enabling 24x7 customer self-service options. Through web-enabling legacy systems, BizCast can leverage existing IT investments while providing advanced self-service capabilities to health insurance plan customers and partners. Today, more than $44 billion in invoices are processed annually by companies using BizCast, enabling these companies to accelerate cash flow and reduce printing, postage, and service costs while providing their customers and partners with self-service access to invoices. "We are highly impressed with the leadership role AHIP has taken in its efforts to identify organizations like Avolent that have the potential to provide superior services to health insurance plans across the country," said Doug Roberts, CEO of Avolent. "We are honored to have BizCast included in the AHIP Solutions program and see this opportunity as a validation of Avolent's innovative product line." America's Health Insurance Plans - Providing Health Benefits to More Than 200 Million Americans Avolent is the leading provider of enterprise application software for Financial Relationship Management (FRM) to simplify and enhance the financial interactions between customers, employees, and partners. Avolent's award- winning FRM solutions encompass electronic invoice presentment and payment (EIPP), online account management and customer self-service, process management and workflow, enterprise employee access, and decision support. Founded in 1995, Avolent's customers and partners include some of the largest companies in the world, such as AT&T, Xerox, Office Depot, EDS, Delta Dental, Wells Fargo, DST Output, Health Alliance, Highmark, PacifiCare, and more. For more information call (800) 553-5505 or visit http://www.avolent.com. SOURCE America's Health Insurance Plans Web Site: http://www.ahip.net http://www.avolent.com Photo Notes: http://www.newscom.com/cgi-bin/prnh/20040830/AHIPLOGO AP Archive: http://photoarchive.ap.org PRN Photo Desk, photodesk@prnewswire.com |
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