DALLAS, TX--(Marketwire - Jun 13, 2011) -
WHO:
SOURCECORP, Incorporated and HOV Services, both leading providers of business process outsourcing (BPO) and Knowledge Process Outsourcing (KPO) solutions, have recently merged to become SourceHOV.
WHAT:
Will exhibit its comprehensive BPO solutions at the America's Health Insurance Plans (AHIP) Institute 2011 Forum
WHEN:
June 15-17, 2011
WHERE:
The AHIP Institute will be held at the Moscone Center West in San Francisco, Calif.
SourceHOV will exhibit at booth no. 833.
DETAILS:
With ever-changing industry regulation surrounding medical loss ratio (MLR) -- which will require insurers to spend 80 to 85 percent of consumers' premiums on medical care, health care quality improvement and ICD10 and HIPAA 5010 conversions -- it has become increasingly important to seek innovative ways to quickly impact their bottom line. For most payers, meeting compliance standards will require augmenting claims processing operations, updating infrastructure and hiring new, knowledgeable resources. Many insurers today look to outsourcing vendors for solutions that reduce administrative overhead, help ensure compliance and improve medical loss ratio.
During AHIP's 2011 Institute, SourceHOV will be on hand to highlight the potential benefits that health care payers will experience when deploying BPO solutions. Through a suite of services that includes claims processing and conversion, adjudication, enrollment management, provider database management, case installation, presentment services, appeals and grievances, fraud and abuse prevention and medical management, SourceHOV can help payers cut administrative costs and reallocate resources to where they're most needed and now required. Those that visit SourceHOV during the conference will hear how, in many cases, companies have reduced per member per month and administrative costs by 40% or more.
Institute attendees are encouraged to visit SourceHOV booth no. 833 to learn more about how BPO solutions can help them meet industry and federal regulations, streamline processes and improve service delivery.
About SOURCECORP®
SOURCECORP, Incorporated provides business process outsourcing solutions and specialized high value consulting services to clients throughout the U.S. SOURCECORP leverages deep horizontal process knowledge into information-intensive industries including commercial, financial, government, healthcare, and legal. Headquartered in Dallas, SOURCECORP serves clients throughout the United States through a network of locations in the U.S., Mexico, India and the Philippines.
For more information about SOURCECORP's solutions, including case-study examples, visit the SOURCECORP website at www.sourcecorp.com.
About HOV Services
HOV Services Limited, one of the largest end-to-end BPO companies headquartered in Chennai, India, provides Finance and Accounting services in the BFSI, Healthcare, Government, Telco, Publishing, Retail, Commercial and Industrial Manufacturing industries. Its clients include over 50 percent of the Fortune 100® and are some of the largest companies in the industries served. RightShore delivery centers are strategically located in India, North America, China, Canada and Mexico with over 8,800 associates working together to Exceed Expectations® of our clients. For more information about HOV Services, please visit www.hovservices.com.
About SourceHOV
Combined, the company, with approximately $480 million in revenue, is one of the largest pure play BPO and specialty consulting companies in the industry, serving customers in more than half of the Fortune 100® with deep domain expertise, including document centric applications, in Healthcare Payer and Provider, Finance and Banking, Public Sector, Publishing, Legal, Insurance, Manufacturing and Commercial industries, including specialized consulting services for construction management, tax benefits, legal claims settlements and economic consultancy. With the combination, the company's global workforce is now more than 14,200 employees operating from approximately 80 delivery centers in 6 countries including the U.S., Mexico, Canada, India, China and the Philippines.