ATLANTA, Oct. 12, 2011 /PRNewswire/ -- EDIWatch, Inc., a leading provider of fraud solutions to the healthcare industry, announced today that it has been selected by Blue Cross of Idaho to provide advanced data analytics and software tools to support the insurer's efforts to detect and reduce fraud, waste and abuse in the state.
EDIWatch was selected after a comprehensive procurement process and has already begun working on the project. A rapid "go live" date is set for the end of 2011.
"EDIWatch supplies fraud technology and investigation services for many healthcare plans in the country but a selection by a Blue Cross plan is always a significant event for us," said Arjomand Rahimzadeh, President of EDIWatch. "Our new partnership with Blue Cross of Idaho expands our growing presence in the West and allows us to gain new insights into how fraud hides in today's environment. Healthcare costs continue to eat away at the wallets of businesses and employees, which threatens its affordability for many. Our focus remains on the appropriate use of technology to empower our partners in their mission in order to enable them in achieving their goals. We're delighted to be part of the team tackling this important issue in Idaho."
About EDIWatch, Inc.
A privately-held company incorporated in 1999 and headquartered in Atlanta, GA, EDIWatch is a premier provider of focused fraud solutions to the healthcare payor industry. EDIWatch offers a breakthrough suite of reliable, innovative products and services that address all three objectives of a fraud initiative: Detection, Recovery and Prevention. Clients including Blue Cross plans, HMOs and State and Managed Care Medicaid payors use these solutions in medical economics, internal audit and provider relations departments as well as investigation units to improve productivity, efficiency and interdepartmental communication in order to maximize bottom-line savings. For more about EDIWatch, visit http://www.ediwatch.com.
About Blue Cross of Idaho
Blue Cross of Idaho, a not-for-profit mutual insurance company, is a leader in delivering innovative health insurance products, services and information to more than 650,000 members. For 65 years, the company has served its customers by offering health insurance at a competitive price and has served the people of Idaho through support of community organizations, programs and events that promote good health. Blue Cross of Idaho is an independent licensee of the Blue Cross and Blue Shield Association. For more information, visit https://www.bcidaho.com.
SOURCE EDIWatch, Inc.