PLANO, Texas and MADISON, Wis., July 25 /PRNewswire-FirstCall/ — EDS today announced an agreement with Dean Health Insurance, one of the largest and most diversified managed care organizations in the Midwest, to implement EDS’ MetaVance(R) Administration and Finance System. This agreement will allow Dean Health Insurance to improve productivity and efficiency, enable growth and ultimately improve service to its 275,000 members. Financial details were not disclosed.
“Dean Health Insurance is not only committed to providing quality care to our members, but also evolving our business to meet the needs of our constituents by introducing new and innovative services,” said Lon Sprecher, chief operating officer of Dean Health Insurance. “EDS understands our growth strategies, and the flexibility of MetaVance will allow us to adapt quickly to the changing marketplace, in turn improving our ability to bring new products and services to our members.”
MetaVance is a highly scalable system designed to automate core administrative processes such as enrollment, provider management and claims processing and features a flexible, adaptable, service-oriented architecture. MetaVance’s member-centric data model uses advanced technology and user-defined rules to increase efficiency, reduce costs and improve time to market for new consumer-focused products.
“Our success with Dean Health Insurance demonstrates EDS’ ability to deliver to a wide range of health plans and reaffirms our healthcare expertise, including our deep knowledge of claims processing,” said Sean Kenny, EDS Global Healthcare Industry vice president. “EDS’ goal is to help Dean Health Insurance improve productivity and focus on its strategic growth plans.”
EDS provides healthcare services to more than 250 clients in 20 countries and processes more than one billion claims annually. With more than 6,500 professionals dedicated to supporting healthcare clients worldwide, EDS’ global healthcare experience spans payer, provider, governmental and life science communities.
About Dean Health Insurance
Dean Health Insurance and its subsidiaries, Dean Health Plan and Navitus Health Solutions, comprise the health care financing arm of the integrated care delivery system of Dean Health System and SSM of Wisconsin serving south central Wisconsin. Dean provides an entire range of fully-insured and self-insured products to the commercial, Medicare and Medicaid markets. Dean has a combined member enrollment of 275,000 members and is the largest MCO (Managed Care Organization) in Wisconsin, operating since 1983. Dean Health Plan holds an excellent accreditation from NCQA for its commercial HMO product. Navitus Health Solutions provides pharmacy benefit management (PBM) solutions to employers, government agencies, and insurance organizations across the United States.
EDS (NYSE:EDS) is a leading global technology services company delivering business solutions to its clients. EDS founded the information technology outsourcing industry 45 years ago. Today, EDS delivers a broad portfolio of information technology and business process outsourcing services to clients in the manufacturing, financial services, healthcare, communications, energy, transportation, and consumer and retail industries and to governments around the world. Learn more at http://www.eds.com/.
The statements in this news release that are not historical statements, including statements regarding the amount of new contract values, are forward- looking statements within the meaning of the federal securities laws. These statements are subject to numerous risks and uncertainties, many of which are beyond EDS’ control, which could cause actual results to differ materially from such statements. For information concerning these risks and uncertainties, see EDS’ most recent Form 10-K. EDS disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.