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. www.thessigroup.com
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. www.bridium.com
SOURCE The SSI Group, Inc.