The SSI Group Announces Sale of Managed Care Division

Jan 15, 2003, 00:00 ET from The SSI Group, Inc.

    MOBILE, Ala., Jan. 15 /PRNewswire/ -- The SSI Group, Inc., a national
 leader in healthcare claims processing is pleased to announce the acquisition
 of its managed care product line by Bridium, Inc., an Atlanta firm that offers
 software products/technology services to the property and casualty insurance
     Announcing the sale, Bobby Smith, CEO & President of The SSI Group,
 stated: "Our mission is to provide a seamless solution for the entire claims
 cycle.  With the onset of HIPAA requirements, it is important that
 we refocus on our core products and align our synergies to produce
 more powerful, integrated software tools to reduce errors, improve
 efficiencies and reduce costs for providers/payers."
     Steve Isaac, CEO of Bridium, stated: "The acquisition of the managed care
 software for case management, occupational health and workman's compensation
 will give Bridium a broader and stronger presence in the insurance software
     About The SSI Group, Inc.
     The SSI Group, Inc. is a national, diversified information technology
 company established in 1988. The company maintains corporate headquarters in
 Mobile, Ala., and branch facilities in Clearwater, Fla.; Denver, Co.; and
 Chesapeake, Va. The company has approximately 300 employees and 1,200-plus
 clients nationwide. SSI leads the healthcare field in claims management
 technology, EDI platforms and networking. As a testament to that leadership,
 the company annually processes nearly 48 million transactions totaling in
 excess of $36 billion in healthcare claims through the SSI clearinghouse
 service alone. It is estimated more than twice that amount, $72 billion, is
 sent directly to payers by providers using SSI product technology.
     The company offers a wide range of services and technologies for both
 payers and providers in EDI claims processing, contract and document imaging.
 The company offers eligibility, Medicare compliance verification, electronic
 forms management and physician billing/recovery services.
     About Bridium, Inc.
     As of November 15, 2002, Bridium owns and operates the assets of the
 Workers Compensation Connectivity Unit of Fair, Isaac (formerly HNC Software).
 Bridium provides technology services to the Property & Casualty Insurance
 industry by providing claims and medical analytic e-commerce solutions that
 streamline the administrative functions of the insurance industry while
 meeting regulatory guideline.  Bridium provides full browser-based claims and
 medical management processing systems for all lines of property & casualty
 insurance. Bridium offers full forms and payments disbursement services that
 support an online paperless office environment.

SOURCE The SSI Group, Inc.