The SSI Group Announces Sale of Managed Care Division
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 industry. 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 arena". 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.
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