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ClaimVantage Takes Quebec Blue Cross Live With Modern Claims Management Platform(Marketwire (Canada) Via Acquire Media NewsEdge) PORTLAND, MAINE--(Marketwire - Oct. 21, 2009) - ClaimVantage, a global specialist in life and health insurance claims systems, today announced that Quebec Blue Cross has gone into production with the ClaimVantage state-of-the-art claims management solution. Quebec Blue Cross selected ClaimVantage in early 2008 after an extensive evaluation. ClaimVantage was chosen due to its unique expertise and innovative capabilities enabling the company to deliver the most comprehensive and cost effective solution for both disability and life insurance claims processing. Remarking on the success of the project, Marc Lamirande, Vice President, Quebec Blue Cross, commented, "We and our customers are already seeing the benefits of the new system. We chose ClaimVantage because we were impressed with their flexibility, client- centric culture, and because their solution, while being functionally complete, also presented the best overall value. The results of the project clearly indicate we made the right choice." Prior to going live with their new state-of-the-art solution, Quebec Blue Cross experienced the same productivity inefficiencies, processing redundancies, manual work-arounds and loss of control inherent in the aging legacy systems common to the industry. These systems were not designed to handle the complex requirements of today's life and health insurance products including accurately settling disability and other "long tail" claims. The key consideration for Quebec Blue Cross was to find a cost justifiable and modern solution, that gives them the control and adaptability needed to consolidate the processing of multiple claim types within a single system. Quebec Blue Cross has already seen significant benefits in the new system by being able to: - Take advantage of industry best practice flow as reflective in the ClaimVantage solution. - Improve overall claims servicing and facilitate return to work more effectively. - Create synergy by processing multiple insurance product lines in one claims system. - Leverage rules-based workflows for pre-eligibility, eligibility and payment calculations. - Deliver workflow and configuration changes without having to customize the software. Leo Corcoran, CEO of ClaimVantage further noted: "The driving force of our company is to deliver a quality product and service to companies like Quebec Blue Cross. ClaimVantage was founded on providing the industry with a complete, modern and cost effective life & health insurance claims management platform based on open standards and non-proprietary technology. We are confident that our specialized focus enables us to deliver the most comprehensive "long tail" claims system available for the money. We appreciate our excellent working relationship with Quebec Blue Cross and look forward to serving them for many years to come". About Quebec Blue Cross Quebec Blue Cross is a leading provider of travel, health and life insurance products. The Blue Cross name has been synonymous with providing high quality insurance and assistance products for over 70 years. Blue Cross is Canadian-owned and provides coverage to millions of Canadians in Canada or travelling abroad. Blue Cross is one of the most recognized providers of travel insurance worldwide, and as a result, one in four Canadians is covered by a Blue Cross plan. Blue Cross is a registered trademark of the Canadian Association of Blue Cross plans. For more information: www.qc.croixbleue.ca. About ClaimVantage ClaimVantage is a leading global specialist in life and health insurance claims systems. ClaimVantage brings expertise, experience and a proven solution that enables insurers to better manage complex claims adjudication and payment processing with the added benefit of being able to process multiple claim types from the same application. For more information: www.claimvantage.com. FOR FURTHER INFORMATION PLEASE CONTACT: Company and Media Contact: Mr. Leo Corcoran +1 (207) 781-3178 [email protected] Source: ClaimVantage |