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Santeon Named Preferred Vendor by Health Care Services Corporation in Five States


News provided by

Santeon Group Inc.

Jun 26, 2013, 06:00 ET

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RESTON, Va., June 26, 2013 /PRNewswire/ -- Santeon Group Inc. (OTCBB: SANT, "Santeon") today announced that its eBenefits Network has been named a preferred vendor by Health Care Services Corporation (HCSC) for their Blue Cross and Blue Shield ("BCBS") organizations in five states. The designation means that more small- and mid-size BCBS clients in Texas, Illinois, New Mexico, Montana and Oklahoma will now be able to take advantage of the eBenefits Network to automate their employee benefit enrollments.

Santeon's eBenefits Network ("eBN") is a cloud-based service that makes it easier for employers to manage employee benefits. The network automates the benefits enrollment process by seamlessly and securely integrating an employer's HR system with those of their benefit insurance carriers and providers. With eBN, employers gain the benefits of on-time and error-free enrollment updates, including elimination of error-related premium costs, an improved benefit usage experience and reduction of HR and IT workloads. Since eBN's launch in 2011, Santeon has seen widespread adoption of the platform serving over 850,000 members and supporting over 300 benefit insurance carriers and providers nationally.

By achieving preferred vendor status through HCSC's Automated Electronic Processing program, Santeon has proven consistently fast, efficient and accurate processing of employers' group enrollment/eligibility transactions. For their clients communicating plan enrollment transactions through Santeon eBN, HCSC will reduce the minimum group size requirements for automated electronic processing.  For BCBS of Texas, New Mexico, Montana and Oklahoma, that means any group plan that insures 51+ lives. For BCBS of Illinois, the minimum is two lives. HCSC will also waive file processing fees for their clients, who can also expect much shorter implementation times.

Dr. Ashraf Rofail, Chairman and Chief Executive Officer of Santeon Group Inc., said, "Achieving preferred provider status with HCSC and their five BCBS organizations marks another milestone in the evolution of the eBN platform and its continued adoption by employers and benefit providers alike. For employers of all sizes, eBN is an invaluable tool for automating what can often be a cumbersome and time-consuming task. By taking steps to increase the number of employers that can use eBN, Santeon will drive increased revenue and economies of scale." 

About Santeon Group Inc.
Santeon Group Inc. is a technology company headquartered in Northern Virginia with offices in Reston, VA, Tampa, FL, Cairo, Egypt and Pune, India. Santeon offers products and services in Agile training and transformation, healthcare and media. Santeon's goal is to serve emerging markets by providing technically superior products and solutions while reducing the cost of ownership and deployment of these solutions through a strong channel partner and distribution model. For more information please visit our web site at http://www.santeon.com.

Safe Harbor Statement:
The preceding press release may include statements that include, among others, forward-looking statements about our beliefs, plans, objectives, goals, expectations, estimates and intentions that are subject to significant risks and uncertainties and are subject to change based on various factors, many of which are beyond our control. The words "may", "could", "should", "would", "believe", "anticipate", "estimate", "expect", "intend", "plan", "target", "goal" and similar expressions are intended to identify forward-looking statements. All forward-looking statements, by their nature, are subject to risks and uncertainties. Our actual future results may differ materially from those set forth in the forward-looking statements. Our ability to achieve our financial objectives or improve the company's stock price could be adversely affected by many factors, including, without limitation, the following factors:  The strength of the United States economy, changes in the securities markets legislative or regulatory changes, the loss of key personnel, technological changes, changes in customer habits, our ability to manage these and other risks, and our ability to deliver products and services on time.  However, other factors besides those listed above could adversely affect our results, and you should not consider any such list of factors to be a complete set of all potential risks or uncertainties. These forward-looking statements are not guarantees of future performance, but reflect the present expectations of future events by our management and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Any forward-looking statements made by us speak only as of the date they are made. For additional information about Santeon's business and financial results, refer to Santeon's Annual Report on Form 10-K that may be found at sec.gov or on http://santeon.com/Sec_Filings.html.  Santeon undertakes no obligation to update any forward-looking statements that may be made from time to time by the company, except as may be required by applicable law, whether as a result of new information, future events or otherwise.

Investor Relations contacts:
Mark Guirgis
Santeon Group Inc.
703-970-9200, ext. 112
[email protected]

or

Jeffrey Goldberger / Rob Fink
KCSA Strategic Communications
212.896.1249 / 212.896.1206
[email protected] / [email protected]

SOURCE Santeon Group Inc.

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