Cincom and Valutech Partner to Provide Document and Claims Disbursement Solutions
Market Wire, December, 2007
Cincom Document Solutions (CDS), division of global software company Cincom Systems, and Valutech , Inc., a leading claims disbursement and revenue life-cycle management solution provider, have formed a global partnership to provide critical document and claims disbursement solutions for the health insurance industry.
Most health insurance payors struggle with generating documents that accompany the claims payment and settlement process. They are also unaware that comprehensive document generation products are available that easily integrate with the claims disbursement process. This partnership will make document creation and claims disbursement solutions more easily attainable for Cincom's and Valutech's respective network of health insurance clients.
CDS provides health insurers with the tools to easily create, generate, and deliver personalized document communications such as claims letters , explanations of benefits, and member correspondence in real-time. Companies that implement CDS reduce document costs by 80%, improve production times by 90%, and virtually eliminate document errors.
Valutech's Universal Claims Disbursement System (UCDS©) gives insurance payors a comprehensive claims payment and revenue life-cycle system that handles all claims settlement for traditional and consumer directed healthcare (CDH) lines. Not only does UCDS© manage all aspects of outbound payments, it also allows payors to easily locate, correct, and reissue any payment, recover on overpaid claims, and output flexible electronic or paper financial information.
About Cincom
Cincom delivers and supports innovative software and services to simplify complex business processes. For nearly 40 years, Cincom has empowered thousands of clients worldwide to outperform the competition by providing ways to increase revenue , control cost , minimize risk , and achieve rapid ROI . Cincom serves insurance clients around the world including Molina Healthcare, MTL Insurance, Anthem Blue Cross Blue Shield, and Wisconsin Physicians Service Insurance. For more information about Cincom's products and services, contact Cincom at 1-800-2CINCOM (USA only), send an e-mail to info@cincom.com , or visit the company's website at www.cincom.com .
About Valutech, Inc.
Valutech has been the leading provider of revenue life-cycle management solutions for over 20 years. Valutech's systems settle over $1.5 billion dollars per day of insurance claims and vendor payments. Incorporating the latest proven technology and methods, the UCDS© system processes payments and all of the related financial information including provider remittance information and member EOBs. Valutech supports all types of claims processing systems to deliver a single enterprise-wide settlement portal. Valutech delivers effective output management and financial controls and systematic handling of claims payment adjustments including overpayment recovery. UCDS© supports the latest Consumer Directed Health and other payment needs, ensures regulatory compliance, lowers payment costs, and supports effective cash management practices. For more information about Valutech's solutions and services, contact Valutech at 1-800-456-2991, send an e-mail to info@valutech.com , or visit the company's website at www.valutech.com
Media Contacts: Bill Austin Valutech Inc. 949-888-1006 Jillian Phelan Cincom Systems, Inc. 513-612-2104 Email Contact
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- LIFO vs. FIFO: a return to the basics


