Version 2.17 delivers real time electronic dental claim adjudication for its clients
TORONTO, ONTARIO–(Marketwire – June 4, 2008) – Automated Benefits Inc. (Autoben), a wholly owned subsidiary of Automated Benefits Corp. (TSX VENTURE:AUT), is pleased to announce its newest software release, version 2.17, of its Autoben software system.
Version 2.17 of the Autoben software includes a variety of enhancements designed to offer a better user experience when navigating the software and give users better management over large volumes of claims. These upgrades include:
- Real time e-dental adjudication -- E-dental claims can now be adjudicated in real-time rather than in batch submissions. Electronically submitted claims will now be received in less than 30 seconds, will automatically adjudicate based on plan parameters and dental offices will receive instant notifications of these processes in their offices. Pre-determinations can also be received electronically. - Claims experience feature -- Nine new features have been added to the claims experience function such as a resizable screen, multiple screen viewing capacity and an improved adjudication notes feature. This component now highlights additional details such as division IDs and tooth codes as well. - Block feature -- A level has been added to enable users to group employers by specific blocks. -Claim override function -- Users can now manually reject or adjust the amount payable on a claim based on explanations on the adjudication screen. Tracking reports for this feature are also available that record and report all override activity. - View previously stored pre-determinations and weekly indemnity/short term disability claims -- Pre-determinations and weekly indemnity/short term disability claims can now be saved within the software and recalled for adjudication at a later date.
“Autoben is committed to providing the most efficient and dynamic software solution for the adjudication of health and dental claims,” states John Jackson, president of Automated Benefits Inc. “Electronic dental claim payment will complement our existing software functionality by adding to our electronic processes already offered. This is a significant release for our clients and the first of several being introduced in the coming months.”
For more information on Automated Benefits, visit www.autoben.com or call 416.359.9339.
About Automated Benefits Corp
Automated Benefits Corp. (www.autoben.com), headquartered in Toronto, Ontario, is a software company dedicated to developing applications for the insurance industry. The corporation currently has two subsidiaries, Automated Benefits Inc. and Symbility Solutions Inc.
Automated Benefits Inc. provides a software solution for the adjudication of health and dental claims. This software adjudicates claims in real time, providing clients with the highest level of flexibility available along with complete disclosure on the plan’s financial performance. Autoben enables their clients to provide an additional level of value-added service in a very cost effective manner.
Symbility Solutions Inc. is in the business of automating insurance claims. Its award-winning mobile claims solutions are designed to increase the speed and accuracy of damage claims processing by allowing claims adjusters, carriers, and restoration contractors to process claims on-site, resulting in increased customer satisfaction levels. Handwritten notes and post-inspection data entry are eliminated. Complete mobility provides the means to access key information on location and instantly settle claims up to three times faster and with greater accuracy, thereby reducing adjusting expenses and lowering indemnity.
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Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially. Automated Benefits Corp. will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by Automated Benefits Corp.
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