TORONTO, ONTARIO--(Marketwire - July 3, 2012) - Automated Benefits Inc.® ("Adjudicare") a wholly-owned subsidiary of Automated Benefits Corp.® (TSX VENTURE:AUT), a web-based software solution that enables insurance brokers and third-party administrators across Canada to adjudicate health and dental claims on behalf of their group benefit clients, is pleased to announce the formalization of a multi-year agreement with Edgewater Employee Services Inc. ("EESI Benefits").
EESI Benefits was the first to create a national network of preferred paramedical providers and today leverages that network to accomplish their mission of providing plan sponsors and members greater value and better benefits. Beginning July 2012, EESI Benefits will implement the Adjudicare platform in order to enhance plan member experience with real-time precise claims adjudication and online portal access for its valued members.
"The solutions and products offered by Adjudicare enable us the flexibility we were looking for in a leading-edge technology platform," comments Scott Beckett, President, EESI Benefits. "We can continue to use our unique plan design and preferred vendor network and together with the implementation of Adjudicare, we will deliver an even more effective claims administration experience for our benefit plan sponsors."
"After conducting an extensive search of what technology was available in the market, I am proud that EESI Benefits saw value not only in the Adjudicare system, but also the in the relationships that can be built through our network of strategic partners across Canada," states Richard Adair, President, Adjudicare. "EESI Benefits have a distinct and innovative approach to the market and we are excited to be able to create a long term relationship with them and their provider network in furthering our online claims submission strategy."
About Automated Benefits Corp.
Automated Benefits Corp.® (TSX VENTURE:AUT) a progressive software company dedicated to developing applications for the insurance industry. The organization currently has two platforms: Adjudicare® and Symbility®.
Adjudicare an advanced, practical web-based software solution used by a network of Employee Benefits Brokers and Third-Party Administrator partners across Canada in the adjudication of health and dental claims. Adjudicare's rules-based engine and leading-edge features ensure that claims are precisely adjudicated and paid in real-time, giving our partners' customers optimum flexibility, along with transparent disclosure on the benefit plan's financial performance.
Symbility Solutions cutting edge, easy-to-use, cloud-based claims processing and estimating technology that optimizes claims performance for Property & Casualty insurance industry. Relying on the most extensive and defendable property cost data developed by Marshall & Swift/Boeckh ("MSB"), our collaborative workflow management, mobile estimating, claims triage solutions and analytical services allow insurers to reduce costs while delivering a market-leading claims experience. Symbility Claims Solutions, used in conjunction with MSB's Underwriting Solutions, means property insurers now have a dynamic, market-driven enterprise solution. Providing a virtuous feedback loop between claims and underwriting systems, this enterprise solution allows insurers to manage property risks more proactively and effectively.
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