Infosys Launches Health Insurance Exchange Platform
By Infosys Technologies Ltd, PRNETuesday, June 14, 2011
FREMONT, California, June 15, 2011 -
Cost Effective Solution for States Which
Meets Federal Standards and Reduces Administrative
Burden on Payers
Infosys
(NASDAQ: INFY) today announced the availability of
href="www.infosys.com/hbe">Infosys Health Benefit
Exchange, a cost effective solution designed to help states set
up the insurance exchanges mandated in the Affordable Care Act
(ACA). Infosys Health Benefit Exchange allows payers to market
plans more efficiently and offers the ability to utilize exchanges
to get fast, personalized quotes, to more than one hundred million
people. Users also have access to insurance-related tools
such as real-time eligibility verification and enrollment,
cost-of-coverage calculators, and tax-deferred savings accounts and
other support services designed to expedite and simplify finding,
purchasing, and managing the most appropriate plan.
Highlights / Key Facts
- An additional 30 million Americans are set to be covered under
the ACA, and millions more are expected to use the state exchanges
to compare and enroll in health insurance options. Infosys Health
Benefit Exchange integrates insurance, clinical and financial data
with sophisticated and customizable rule engines that support new
regulations and the complex insurance market, going beyond required
functionality to ensure value as health reform rolls out and new
technologies are put into place to support care and coverage. These
include:
- Benefit Management Language (BML): Unique to Infosys Health
Benefit Exchange, the BML aims to standardize the structure of
benefit packages across participating carriers, which will allow
for efficient searches and “apples to apples” comparison for
users. - Clinical data-driven recommendation engine: The
recommendation engine leverages clinical data repositories,
clinical decision support systems and/or data gathered during plan
selection and enrollment to recommend suitable plans for users. All
clinical data are provided or authorized by the user, and the
privacy of any personal information is safeguarded.
- Infosys Health Benefit Exchange will also offer educational
features about specific insurance topics for both patients and
benefit administrators. Social media tools will give users the
ability to create and join communities where various regulations
and conditions can be discussed.
Key Quotes
- Eric Paternoster, CEO, Infosys Public Services,
Inc.: “Rising health care costs is a major concern for
consumers across global markets. At Infosys we believe in
developing people centric technology which aims at making
healthcare affordable. Infosys Health Insurance
Exchange Platformis secure, and comprehensive. The solutions will
serve individual state constituents’ and carriers’ unique needs as
well as provide employers and individuals to access affordable
insurance”
About Infosys Public Service
Infosys Public Services is a subsidiary of Infosys Technologies
Ltd. Many of the world’s most successful organizations rely on the
130,000 people of Infosys to deliver measurable business value.
Infosys provides business consulting, technology, engineering and
outsourcing services to help clients in over 30 countries build
tomorrow’s enterprise. For more information about Infosys (NASDAQ:
INFY), visit
href="www.infosys.com/">www.infosys.com
Infosys Safe Harbor
Statements in connection with this release may include
forward-looking statements within the meaning of US Securities laws
intended to qualify for the “safe harbor” under the Private
Securities Litigation Reform Act. These forward-looking statements
are subject to risks and uncertainties including those described in
our SEC filings available at
href="www.infosys.com/links/redirectlink.aspx?id=www.sec.gov.aspx">
www.sec.gov , including our Annual Report on Form 20-F
for the year ended March 31, 2011, and our other recent filings,
and actual results may differ materially from those projected by
forward-looking statements. We may make additional written and oral
forward-looking statements but do not undertake, and disclaim any
obligation, to update them.
Media Contact
Scott Arenson,
GolinHarris, +1(202)725-0408
.
Tags: california, Fremont, Infosys Technologies Ltd., June 15