For Immediate Release – December 12, 2005
2005 TETHIE Award Winner for ‘Technology for Improvement of Claims Processing’ and ‘Technology of the Year’
HOUSTON, TX / December 12, 2005 /PRNewswire/ — Global Healthcare Alliance, Inc. is pleased to announce that it was presented with two prestigious 2005 TETHIE Awards, first place for “Technology for Improvement of Claims Processing” and best of show for “Technology of the Year.” The awards were presented December 8, 2005 in Washington, D.C. at the Emerging Technologies and Healthcare Innovations Congress.
globalcentara was recognized as a premier software solution with the functionality that spans the entire healthcare transaction. Global has integrated software, hardware, and a web-based ASP solution to advance electronic claims processing for providers and payers respectively.
globalcentara ProviderSM(1) was honored for its Payor-Provider Intelligence™ that generates a first pass claim rate of 98.6 percent, surpassing the industry standard of 60 percent to 90 percent. globalcentara PayorSM(2) likewise received distinguished recognition by addressing all areas of cost, speed of processing, and volume of transactions with a proven 50 percent reduction in claims staff processing by re-pricing or auto adjudicating claims without manual intervention.
“We are extremely pleased to be honored with the two TETHIE Awards,” said John Adams, President and CEO of Global Healthcare Alliance, Inc. “Not only were we recognized for our achievements in ‘Technology for Improvement of Claims Processing,’ but also as ‘Technology of the Year’ which spans all categories of nominations including clinical systems.” Mr. Adams continued by stating, “globalcentara Provider and globalcentara Payor were singled out as the technology that demonstrates the highest potential impact on the delivery of healthcare in the future, and we are proud of this accomplishment. This recognition underscores Global’s commitment to providing our customers with a unique solution that leverages the best of today’s technology and delivers with proven results.”
Mr. Mark Anderson, Chief Executive Officer of AC Group, Inc. and TETHIE judge for the past three years, commented, “Global not only provides a great product, but an entire ‘solution’ to the issues facing HMO’s, MSO’s, and physician practices today. Their product is designed for the future needs of these organizations, thus allowing the organizations to expand at a lower cost of ownership than other similar products in the marketplace.”
Global’s System Solutions, globalcentara Provider and globalcentara Payor, integrate with Microsoft’s BizTalk Server 2004/HIPAA 3.0 Accelerator to facilitate the processing of all federally mandated health care transactions allowing the Continuity of Care of health records, enabling system standards of business to business interfaces, and the capacity to bypass clearinghouses thereby reducing transaction costs. Global Healthcare Alliance, Inc. is honored to be a dual recipient of the 2005 TETHIE Awards in recognition of their continued commitment to improve claims processing for the healthcare industry.
About the TETHIE Awards
The TETHIE Awards recognizes those companies, non-profits, organizations, foundations, government agencies and academic entities for their excellence and advancement in implementing innovative clinical and health IT technologies that expedite delivery and improve patient care, safety and costs. For more information about the TETHIE Awards visit http://www.tethic.com.
Global has more than 20 years experience in medical billing, practice management, claims processing, managed care, reporting, and information technology. Global is a licensed TPA with nationwide experience. Global developed a proprietary state-of-the-art, ASP software, housed in a Tier 1 Data Center, which it uses to perform all services with clients.
Throughout the years, Global has functioned as both a provider and payer and offers business process outsourcing and sophisticated technology solutions to a wide array of clients, including physician practices, MSOs, IPAs, HMOs, and TPAs. For more information about Global Healthcare Alliance visit www.globalhca.com.
(1) product previously System MSO
(2) product previously System HMO