Portico Systems Announces Portico 9.0 Integrated Provider Management Platform

Health Plans Can Now Unlock Their Provider Network Performance for Affordable Care

PHILADELPHIA--(BUSINESS WIRE)-- Portico Systems, the leader in Integrated Provider Management (IPM) solutions, today announced the launch of Portico 9.0, the newest version of its IPM platform. The platform enables health plans to simplify the design, maintenance, reimbursement, and performance management of provider networks while facilitating provider-patient collaboration.

Insurance reform and continued market pressure for a more competitive, higher quality and cost effective health system are resulting in a transformation of the plan-to-provider relationship. In order to create an affordable care promise, plans are leveraging provider networks as building blocks for the creation of value-based products, performance-based contracts and quality-based payment programs.

Leading plans recognize that future success is contingent on providing unique medical and economic value to each customer segment. As a result, plans are investing in provider management capabilities to innovate how they design networks for care, contract for care and pay for the value of care. By implementing these changes, plans are targeting a 25-35 percent decrease in administrative costs, 10-20 percent increase in provider satisfaction and 1-5 percent improvement in network performance.

“This release of our IPM platform enables our customers to unlock the performance of their provider networks while significantly lowering administrative and medical costs,” said Ned Moore, chairman and CEO of Portico Systems. “Our customers are already leveraging this platform to increase their value to the group and individual markets. With this platform our customers can confidently advance product, care and payment innovation.”

For more information on Portico, please visit www.porticosys.com, subscribe to the RSS feed at http://blog.porticosys.com, and follow the company on Twitter at @porticosys and Facebook at http://www.Facebook.com/porticosys. Visit us at Booth #713 at AHIP, June 15-17, 2011 in San Francisco.

Resources

Portico Systems website: http://www.porticosys.com

Portico Systems blog: http://blog.porticosys.com

Portico Systems press releases: http://www.porticosys.com/porticosys/press_releases

Portico Systems Twitter: http://twitter.com/porticosys

Portico Systems Facebook: http://www.Facebook.com/porticosys

Portico Systems webinars: http://www.porticosys.com/porticosys/events

Portico Systems career opportunities: www.porticosys.com/porticosys/career_opportunities

About Portico Systems

Portico Systems’ innovative solutions enable health plans to reduce administrative, medical and IT costs. Portico’s exclusive focus on provider operations and 500+ staff-years of provider experience has allowed Portico to design the only modular end-to-end provider platform. Portico invites you to explore our website (www.porticosys.com) to learn how our commitment to customer service, quality and technology innovation can accelerate the evolution of your health plan’s provider operations. Portico Systems is a partner company of Safeguard Scientifics, Inc. (NYSE: SFE) www.safeguard.com.

Portico Systems is a registered trademark of Portico Systems. All other brand names and product names are trademarks or registered trademarks of their respective companies.



CONTACT:

Media Contact:
Marjaneh Ravai, media relations for Portico Systems
TECHMarket Communications
650-346-3756
[email protected]
or
Corporate Contact:
Allison Lattanze
Director of Marketing Communications
Portico Systems
215-358-3726
Email: [email protected]
or
Business Development Contact:
Jim Mayhall
Vice President of Business Development
Portico Systems
215-358-3731
Email: [email protected]

KEYWORDS:   United States  North America  Pennsylvania

INDUSTRY KEYWORDS:   Technology  Data Management  Software  Health  Professional Services  Insurance  Managed Care

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