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EXHIBIT 99.1
FOR IMMEDIATE RELEASE CONTACT: XCare.net
NicoleLaRock
720-554-1276
[email protected]
XCare.net Announces the Introduction of eAdjudicator(TM)
and the Acquisition of Advica Health Resources, Inc.
ENGLEWOOD, CO, November 10, 2000 - XCare.net, Inc. (Nasdaq: XCAR) today
announced the launch of eAdjudicator(TM), an integrated, Web-based claims
adjudication and payment service. This new application and service suite has
been designed to streamline the claims payment process and alleviate the highest
cost components of back-office claims operations associated with legacy manual
processes, non-integrated systems and human errors. A key component of
eAdjudicator(TM) leverages XCare.net's advanced auto-adjudication rules engine
to configure customer-specific benefit sets, automate manual processes and
enable payers to speed up the reimbursement process to submitting providers.
The XCare.net eAdjudicator application suite utilizes XCare.net's proprietary
software platform, XTiera(TM), facilitating additional customization. XTiera
provides comprehensive toolkits that manage content, workflow and extend legacy
applications to web-based solutions. The XML-based platform is highly
extensible, with customer specified applications and templates interacting
through XCare.net's proprietary modules and connecting to the legacy systems.
"This is the first truly end-to-end package of products and services that allows
payers and risk-bearing provider organizations to substantially reduce the cost
of their claims administration process, while simultaneously increasing service
and satisfaction levels within their provider networks," stated Mark S. Rangell,
Sr. Vice President of XCare.net. "We are excited to be in a position to leverage
the value of XCare.net's unique combination of web-based connectivity tools,
reporting capabilities and core auto-adjudication rules engine, all customized
to the workflow of the client."
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In conjunction with the launch, XCare.net today also announced the acquisition
of Advica Health Resources, Inc. (Advica), a management services organization
with operations in Islandia, New York and Charlotte, North Carolina. Advica
brings a deep knowledge of all aspects of managed care programs to XCare.net, as
well as implementation expertise in the modeling of benefit plans, authorization
parameters, capitation arrangements and reimbursement structures into the
XCare.net auto-adjudication rules engine.
In further support of the eAdjudicator launch, XCare.net has developed a
strategic partnership with Employers Mutual Inc. (EMI), a division of the
Florida Physicians Insurance Corporation, to collaborate on implementation of
the eAdjudicator service suite, leveraging joint experience that the
organizations have developed during the past two years.
About XCare.net
XCare.net is a leading provider of strategic eBusiness portals and
business-to-business Internet solutions. The company builds mission-critical Web
sites using its XML-based XTiera(TM) Platform. The customized strategic Portals
are tailored to enhance the customers' brand, to process high value transactions
and offer innovative applications. In addition to cost savings, XCare.net
facilitates revenue-generating opportunities for organizations through the
strategic Portals built using the XCare.net XTiera(TM) Platform. For more
information, please visit www.XCare.net (http://www.XCare.net).
About EMI
Employers Mutual, Inc., a wholly owned subsidiary of the Florida Physicians
Insurance Corporation, provides customized third party administration for
managed care organizations. Since 1991, with expertise in the design,
development, implementation and operations of managed care networks, EMI has
demonstrated a proven ability to administer diverse benefit packages and
numerous provider reimbursement methodologies, helping MSOs, PHOs, IDNs and
other provider-sponsored entities rapidly respond to emerging client needs. For
more information, please visit www.fpic.com (http://www.fpic.com).
