PCG Software Announces FACIS® developer as Affiliate Vendor
Risk Management Solutions to be Added to PCG’s Product Suite
MALIBU, Calif. —July 31, 2007 — PCG Software, a leading provider of innovative software solutions designed to increase profitability for healthcare payer and provider organizations, today announced that GMS, the developer of FACIS® (Fraud and Abuse Control Information System) has joined the company’s Affiliate Vendor program. The two companies are working together to add risk management capabilities to PCG Software’s product suite, enabling both payer and provider customers to screen individuals and entities for any history or fraudulent practices.
“At FACIS, we have been dedicated to helping healthcare organizations and their respective patients by offering the most complete picture of a healthcare individual or entity’s sanction history, including any illegal or fraudulent activity,” said John O’Shaughnessy, president of FACIS. “This is an exciting opportunity for both companies to work together to bring peace of mind to payer and provider organizations. Our customers need to ensure that the doctors and groups serving their patients have not engaged in fraudulent behavior – potentially putting both lives and dollars at risk.”
“The amount of premium dollars lost annually to fraudulent or abusive billing practices is staggering and PCG Software is committed to bringing its customers solutions that will reduce the cost of healthcare,” said Michael Lubao, chief executive officer of PCG Software. “FACIS has a strong product offering that will complement and enhance our existing product line, enabling us to offer our clients one of the most complete solution suites available today.”
About PCG Software
Established in 1984, PCG Software is a leading provider of innovative software solutions designed to slow the escalating costs of healthcare. The company works with healthcare payer organizations to increase profitability and maximize financial recoveries, while assisting their provider partners to improve the accuracy of billing processes. The company’s flagship software solution enhances claims adjudication systems with more than 30 million edits per claim and uses investigative profiling reports to graphically indicate patterns of fraud and abuse. Through more accurate and efficient claims adjudication, this fraud and abuse prevention software acts as an automated cost containment system for national and regional health insurance plans, independent practice associations and third party administrators. More information about PCG Software can be found on the World Wide Web at www.pcgsoftware.com.
About GMS and FACIS
Government Management Services, Inc. (GMS) was founded to assist healthcare industry personnel search a comprehensive database containing information on healthcare individuals and entities that have been excluded from federal healthcare programs as well as adverse actions taken by licensing boards of State governments. The database GMS created for this purpose is called the Fraud and Abuse Control Information System (FACIS).
FACIS was designed to assist Compliance Officers, Risk Managers, Human Resources and Medical Staffing Services Personnel in precluding employment of an excluded individual or entity where reimbursement is sought from any federal health care program such as Medicare, Medicaid, and Tri-Care.
Press contact information:
Dave Anderson, Dodge Communications, (770) 998-0500 ext. 229
danderson@dodgecommunications.com
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