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Transparency and Consumerism Trends Discussed by Top Health Plans and Industry Experts at Portico Systems' Customer Symposium

Tuesday, October 23, 2007 General News
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PHILADELPHIA, Oct. 22 Operational executives at thecountry's leading health plans came together last week at Portico Systems'Provider Network Management Symposium, discussing the trends that will drivetheir business -- and the market -- in the next few years.
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Top business initiatives include the growing requirement for transparentdata across payers and providers and the growing need for consumers to haveaccess to relevant provider information.
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The 3-day event, held at the historic Normandy Farm in Blue Bell,Pennsylvania, included case studies from several of the largest health plans,all of whom are leveraging Portico solutions for meeting Provider NetworkManagement initiatives and compliance requirements.

Cutting Health Care Costs Shapes Industry Dynamics

"We're going to see more competition for dollars as employers shift toinsurance plans with consumer directed premiums. This will drive payers torestructure how they deliver new and existing services - to lower costs whileboosting provider and customer satisfaction," according to Abby Rohman, amanager with Deloitte Consulting. "The common thread of all of this isinteroperability across systems and data transparency. . . Plans need to dowhat they do, better, and leverage relationships, and diversify theirofferings."

Several of the country's most influential Blue Cross Blue Shieldorganizations presented detailed insights and shared best practices aboutsuccessful roll-outs of strategic initiatives to improve provider information,data reliability and increase provider satisfaction.

"These are extremely practical strategies for managing our providernetworks," said a BCBS IT executive. "We are able to go back home andimmediately leverage learnings, best practices from the conference to furtheradvance our own strategies for provider network excellence. It was a veryuseful conference."

"The symposium brought together healthcare IT and business leaders fromlarge regional Blues plans and national plans at a time when regulations,transparency and developing technologies are reshaping both businessrelationships and IT processes," said Nanci Ziegler, EVP Market Strategy andBusiness Development, Portico Systems. "Attendees at this conference exchangedbest practices for reducing costs, easing implementation, and drivingcontinuous improvements in provider network management."

About Portico(TM) Systems

Portico Systems offers health plans software solutions exclusively focusedon unlocking the value of Provider Network Management. Our hallmark PorticoProvider Platform empowers health plans to infuse agility into their providernetwork management functions while delivering actionable provider information.The platform streamlines provider network processes while accelerating newrevenue streams, enhancing employee effectiveness and optimizing providerrelationships. Portico Systems is a partner company of Safeguard Scientifics,Inc. (NYSE: SFE) http://www.safeguard.com. For more information, pleasecontact Chris Jones at [email protected] or 215-358-3723. You may alsovisit our website at http://www.porticosys.com.

SOURCE Portico Systems
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