Med Advantage & Cactus Software Join Forces in the Physician Information Industry

Med Advantage & Cactus Software Join Forces in the Physician Information Industry

ORLANDO, Fla.–(BUSINESS WIRE)–May 10, 1999–

Med Advantage today announced it has reached a definitive agreement with Computer Technology Corporations (The Makers of “Cactus Software”). Under the Agreement Med Advantage and Cactus will provide diversity to the managed healthcare industry in the Network/Credentialing operations.

Med Advantage a subsidiary of Professionals Group, Inc is recognized as one of the country’s largest and most well established Credentials Verification Organizations (CVOs). Med Advantage is fully certified in 10 of 10 elements by NCQA(a) as a CVO for both managed care and behavioral healthcare. Further, Med Advantage was one of the first CVOs in the country accredited by the American Accreditation HealthCare Commission / URAC(b). The data warehouse of information that Med Advantage has compiled currently holds information on over 900,000 healthcare providers and has over 4.3 million elements verified according to both NCQA, URAC and the Joint Commission on Accreditation (JCAHO) standards.

Computer Technology Corporation d.b.a. CACTUS software is based in Prairie Village just outside of Kansas City, Missouri. They develop, support and market the leading credentialing and provider management software for hospitals and managed care organizations. Visual CACTUS was released in 1996 and is currently installed in over 350 hospitals and over 150 managed care and multi-entity organizations nationwide.

With this venture, CACTUS software & Med Advantage credentialing services create a marketing force that will bring the strength of two well established organizations in the healthcare information industry. CACTUS has long been an industry leader in the network/credentialing software business and Med Advantage has lead the credentialing service industry. “We decided to do what CACTUS does best and that’s to market a software package that allows our clients to operate with-in fluid system design to improve the process of network operations.” Says Wayne Auer, President of CACTUS software.

Med Advantage has performed quality credentialing services as an outsourcing organization for Managed care organizations and hospitals and has hesitated building a software program like its competitors. “Our philosophy has always been to not spread ourselves too thin, but to do what we do best – credentialing of medical providers”, says John B. Witty, President of Med Advantage.

This Joint marketing effort will allow the two organizations to do what they do best. However, both of the organization’s clients will have the ability to use each other’s services which will enhance their position in the credentialing of network providers whether they do credentialing in-house or out-source the process.

More information regarding the joint marketing position will be forthcoming. CACTUS and Med Advantage have their presence on the World Wide Web at www.visualcactus.com and www.med-advantage.com.

Professionals Group, Inc. (Nasdaq:PICM), is a holding company for Med Advantage and several other insurance related subsidiaries.

(a) The National Committee for Quality Assurance, located in Washington, DC, is an independent, non-profit organization that certifies credentials verification organizations and accredits managed care organizations.

(b) The American Accreditation HealthCare Commission / URAC is a non-profit entity founded in 1990 to establish accreditation standards for managed health care organizations. The Commission / URAC’s broad based membership represents a diversity of health care constituencies; industry, provider, purchasers, consumers, and regulators. Purchasers and consumers look to Commission / URAC accreditation as a mark of distinction for a managed health care company. For more information about the Commission / URAC, visit their web site at WWW.URAC.ORG

COPYRIGHT 1999 Business Wire

COPYRIGHT 2000 Gale Group