SAN DIEGO, HEALTHCARE INFORMATION MANAGEMENT SYSTEMS SOCIETY CONFERENCE, Feb. 10 /PRNewswire-FirstCall/ -- Vitria , the leading provider of business process integration solutions, today unveiled a suite of healthcare solutions at the 2003 Annual
SAN DIEGO, HEALTHCARE INFORMATION MANAGEMENT SYSTEMS SOCIETY CONFERENCE, Feb. 10 /PRNewswire-FirstCall/ -- Vitria , the leading provider of business process integration solutions, today unveiled a suite of healthcare solutions at the 2003 Annual Healthcare Information and Management Systems Society (HIMSS) Conference in San Diego, California. The two new solutions -- Claims Transaction Manager(TM) and Care Integrator(TM) -- are specifically designed to address the problems facing healthcare organizations today. These solutions enable companies to accelerate claims submission-to-remittance cycle times, track claims with a single point of control, and streamline their care management capabilities.
Vitria will be showing demonstrations of its Claims Transaction Manager, Care Integrator and HIPAA Compliance Analyzer solutions on the exhibition floor of the conference in Booth 4400. All of the healthcare solutions are based on Vitria's award-winning BusinessWare(R) integration platform, enabling companies to streamline and automate business processes while also leveraging their existing technology investments.
"To avoid being overwhelmed by the mounting healthcare crisis, U.S. healthcare companies need to quickly and significantly improve their end-to-end internal and partner processes, particularly around claims and care management," said Laurie Ingram, senior program director at META Group. "But the cost and risk of ripping and replacing years of investments in production systems is too high, and few have the time and resources to overhaul their existing infrastructure in-house. Vendors that offer a compelling value proposition by delivering pre-built processes that do not disrupt existing legacy applications will deliver a unique product in the marketplace."
According to the December 5, 2002 Gartner Healthcare Key Issues for 2003 report by Cynthia Burghard, Gartner research director, "In today's turbulent managed care market, healthcare payer organizations (payers) must transform themselves or face extinction. They must find ways to dramatically improve their efficiency and customer service levels-creating the Real Time Enterprise (RTE) administrative organization."
Claims Transaction Manager
Vitria's Claims Transaction Manager solution enables total visibility and control over claims from intake through provider remittance. The demonstration at the HIMMS conference will showcase the solution's ability to transform and validate HIPAA claims and intelligently route them to various backend systems while providing visibility throughout their lifecycle. This approach to claims transaction management and exception processing enables healthcare companies to maximize the productivity of specialists who process exceptions, reduce enterprise risk, and avoid disruption and excessive capital outlays.
Care Integrator Solution
Vitria's Care Integrator is an end-to-end care management solution that combines a modular healthcare application, systems and business process integration from a single vendor. At the HIMMS conference, the demonstration will showcase Care Integrator's out-of-the-box care management capabilities, including risk stratification and patient identification, utilization workflow, pre-built customized care plans, outcomes and productivity reporting, and self-guided member management. With this solution, healthcare payers can realize ROI more quickly through decreased medical costs, greater cost predictability and increased staff productivity.
HIPAA Compliance Analyzer
The HIPAA Compliance Analyzer is a new component of Vitria's Collaborative Application (VCA) for HIPAA. This solution, which will also be demonstrated at the HIMMS conference, is a Web-based tool that enables a HIPAA administrator to analyze any errors in a HIPAA document. When an error is highlighted, the relevant page of the Implementation Guide is dynamically generated and displayed, allowing the administrator to quickly zero in on the problem and understand why it occurred.
"Today's healthcare organizations are under increasing pressure to adhere to industry regulations and to stay competitive, while also keeping a watchful eye on technology investments and overall expenses," said Bob Golladay, vice president of Healthcare, Vitria. "With this new suite of solutions specifically designed for the healthcare industry, Vitria is enabling companies to increase market share, enhance the customer experience, reduce administrative costs and improve relationships with valued partners -- all while maintaining regulatory compliance. We are thrilled to be witnessing the positive results that healthcare organizations are experiencing with Vitria's new solutions."
HIPAA Fast Forward
Vitria also recently released HIPAA Fast Forward, a proven solution that provides comprehensive HIPAA transaction compliance for healthcare companies, Third Party Administrators (TPAs), Physician Management Services Organizations (PMSOs) and public agencies that need to become HIPAA compliant rapidly within tight budgetary constraints. By leveraging Vitria's HIPAA Fast Forward, these organizations can quickly achieve HIPAA compliance ahead of the mandated October 2003 settlement deadline.
The 2003 Annual HIMMS Conference and Exhibition will run from February 10 through February 13 at the San Diego Convention Center. Demos and further information on Vitria's healthcare solutions will be available at Booth 4400 in the Exhibition Hall.
About Vitria's Healthcare Solutions
Vitria's healthcare solutions, based on the BusinessWare(R) business process integration platform, streamline healthcare administration, simplify deployment, reduce costs and improve business competitiveness. Vitria's specific healthcare solutions include Care Integrator(TM), Claims Transaction Manager(TM), Vitria's Collaborative Application(TM) (VCA) for HIPAA, and HIPAA Fast Forward(TM). Leading healthcare companies are using Vitria solutions, including Availity, Aventis, Blue Cross and Blue Shield of Arizona, Blue Cross and Blue Shield Association, Blue Cross and Blue Shield of Michigan, Blue Cross and Blue Shield of Minnesota, Blue Cross and Blue Shield of Oklahoma, Cardinal Health, Guardian, Humana, Mennonite Mutual Aid, and PacifiCare Health Systems.
Vitria is the leading provider of business process integration solutions. The company pioneered the enterprise application integration market in 1994 and the use of business process management in 1997, and is now the first integration solution provider to solve integration challenges through collaborative applications. With 35 offices around the world, Vitria's customer base includes such companies as Bell South, The Blue Cross Blue Shield Association, BP, DaimlerChrysler Bank, Dana, Generali, The Goodyear Tire & Rubber Company, PacifiCare Health Systems, Reynolds and Reynolds, Schneider Logistics, Sprint, Trane, and Trans Union, and the U.S. Departments of Defense and Veteran's Affairs. For more information call +1-408-212-2700, email firstname.lastname@example.org or visit www.vitria.com.
NOTE: Vitria, BusinessWare, Care Integrator, Claims Transaction Manager, HIPAA Fast Forward and Vitria's Collaborative Application (VCA) for HIPAA are trademarks or registered trademarks of Vitria Technology, Inc. All other product and company names mentioned are the property of their respective owners and are mentioned for identification purposes only.
Cautionary Note Regarding Forward-looking Statements: This press release includes forward-looking statements, including statements relating to new products, future revenue growth, goals and future business opportunities that are subject to risks, uncertainties and other factors that could cause actual results to differ materially from those referred to in the forward-looking statements. Such factors include, but are not limited to: failure to meet financial and product expectations of analysts and investors: risk related to market acceptance of Vitria's products and alliance partners' products; deployment delays or errors associated with these and other products of Vitria and partners; hardware platform incompatibilities; the need to maintain and enhance certain business relationships with system integrators and other parties; the ability to manage growth; activities by Vitria and others regarding protection of proprietary information; release of competitive products and other actions by competitors; risks associated with possible delisting from the stock market on which Vitria's securities are listed; and economic conditions in domestic and foreign markets. These and other risks related to Vitria are detailed in Vitria's Annual Report on Form 10-K for the year ended Dec. 31, 2001, filed with the SEC on March 29, 2002, and in Vitria's quarterly reports on Form 10-Q as filed with the SEC. The final decisions regarding specific features, pricing, and availability of the products mentioned in the press release are to be determined at the sole discretion of the Company. Vitria does not undertake an obligation to update forward-looking statements.
CONTACT: Stephanie Von Allmen of FitzGerald Communications,
+1-650-264-1424, or email@example.com, for Vitria; or Caroline Japic
of Vitria, +1-650-619-4162, or firstname.lastname@example.org
Web site: http://www.vitria.com/