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IBM's (NYSE: IBM) Fraud and Abuse Management
System, which provides detection capabilities to help health care payers
identify questionable claims and develop cases for investigation, is being
enhanced to provide even more efficient and cost-effective ways to tackle
health care insurance claim fraud, waste and abuse.
The system, which was developed by IBM researchers and consultants in
collaboration with leading health care insurance companies, is now being
offered with an automated analysis capability, which can be added onto the
client's system to reduce the cycle time for claims investigators, and in
an "on-demand" model. Clients using the on-demand version have their
analyses run on IBM computers and are charged based on the amount of claims
processed and number of medical specialties being analyzed.
According to estimates from the federal government and ...
Midwest Banc Holdings, Inc. (NASDAQ: MBHI)
reported today its third quarter earnings, which for the first time include
the contribution of Royal American Corporation ("RAC"). The charges
related to the closing of the transaction totaled $0.04 per diluted share,
or slightly less than previously estimated. Diluted earnings per share for
the quarter totaled $0.24. Core income from continuing operations, which
exclude the aforementioned charges totaled $6.9 million or $0.28 per
diluted share.
Third Quarter Key Accomplishments
The acquisition of RAC, which was announced in February 2006, closed on
July 1, 2006. The system conversions were completed by the end of July.
"Tremendous efforts by our conversion teams position us to begin to realize
the economic benefits of this transaction in the fourth quarter of this
year," said James J. Giancola...
Canfor Pulp Income Fund (TSX: CFX.UN) announced today the third quarter results of Canfor Pulp Limited Partnership (the "Partnership") representing its first report as a public entity. On July 1, 2006, the Fund acquired a 20 per cent ownership in the pulp and paper business previously wholly owned by Canfor. Units of the Fund were distributed to Canfor shareholders as of July 1 and the units commenced trading on the Toronto Stock Exchange on July 6, 2006 under the symbol CFX.UN.
The Partnership had net sales of $214.3 million, net income of $41.9 million and EBITDA of $62.5 million for the quarter ended September 30, 2006. These results reflect the current strength of the NBSK pulp market, no scheduled maintenance down time and generally good operations at the mills during the quarter, but are partially offset by one-time costs of $5.9 million related to the Fu...
Independent agents representing Plymouth Rock
Assurance Corp. in Connecticut can now use a new online pricing tool to
provide a real-time auto insurance quote for customers.
AMS SETWrite, developed by AMS Services of Bothell, Washington, is now
directly integrated with Plymouth Rock's online Agent Web portal for easy
agent use. AMS SETWrite not only provides accurate real-time rating
capability but lets agents upload quotes to Plymouth Rock's Web portal to
issue policies quickly and easily, a single-step process that will reduce
agency costs and increase efficiency.
"Independent agents are essential to our business, so we're always seeking
innovative ways to support their continued success," said Plymouth Rock COO
Thomas Cranley. "By adding these powerful, comparative pricing tools,
we're helping local agents to save time, save money for their customers and
deliver the True Service(SM) that has made Plymouth Rock an industry
leader."
Agents can now enter information direc...
Today IBM (NYSE: IBM) unveiled the newest
Express Advantage offerings, which include hardware, software, services and
financing offerings specifically developed for mid-sized businesses. The
Express Advantage initiative combines these offerings with IBM Business
Partner resources available via PartnerWorld Express Advantage and customer
experience capabilities to ensure that mid-sized businesses have end-to-end
coverage to resolve their business challenges, and help them to innovate
and grow.
The newest Express Advantage offerings include IBM Express Asset Recovery
Solutions, IBM System p5 Solution Edition Express for Oracle's JD Edwards
EnterpriseOne, IBM System p5 Solution Edition for Oracle E-Business Suite,
IBM System p5 Solution Edition Express for mySAP ERP, IBM System i IP
Telephony Express, IBM System x3655, x3200, x3250 Express Models, and IBM
Infoprint ...
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