TORONTO, ONTARIO–( Jan. 21, 2013) – Adjudicare®, a division of Symbility Solutions Inc.® (TSX VENTURE:SY), is pleased to announce the formalization of signed contracts with Advantage Benefits Plus Inc. (“Advantage”) and affiliate Provident Agency, Inc. (“Provident”), for the use of Adjudicare, a web-based software solution that enables insurance brokers and third-party administrators to adjudicate health and dental claims on behalf of their group benefit clients.
Advantage is a leader in providing effective employee benefit programs, at competitive rates, to small to midsize employers. They primarily serve the Victoria and Vancouver Island area. Provident is a national leader in delivering speciality coverage for emergency service organizations, especially Volunteer Fire Departments. With years of third-party administration billing experience, these companies have chosen to implement the Adjudicare platform to augment their existing offerings. This adds claim services to their portfolio of products and it enables them to deliver flexible comprehensive plan designs, to plan sponsors, based on unique and flexible funding models.
“This is a natural progression as we seek to maintain our position as a preferred benefits provider,” states Michael Crowe, President of Advantage Benefits Plus and affiliate Provident Agency, Inc. “We are pleased to introduce this leading edge service to our clients and prospects.”
“We also are pleased that Advantage and Provident see a compelling value proposition in Adjudicare’s flexible and fully customizable technology platform,” states Richard Adair, President of Adjudicare. “It’s exciting to see Adjudicare supporting another specialty area of the benefits market. I look forward to a successful and long lasting partnership for both of our organizations.”
About Symbility Solutions Inc.
Symbility Solutions (TSX VENTURE:SY) is a progressive software company dedicated to developing applications for the insurance industry. The organization currently has two product family brands: Adjudicare® and Symbility®.
Adjudicare is 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.
The Symbility platform is a cutting-edge, easy-to-use, cloud-based claims processing and estimating technology that optimizes claims performance for the 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 virtual feedback loop between claims and underwriting systems, this enterprise solution allows insurers to manage property risks more proactively and effectively.
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