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PricewaterhouseCoopers Partners with Physmark to Deliver Comprehensive Managed Care Software Solutions

Strategic Insights

— 1 min read

Physmark's Oracle(R) Based Software, PayerSoft and MEDICOMP to be Supported by PricewaterhouseCoopers for HMOs, Healthplans and Provider Networks. PricewaterhouseCoopers, the world's leading professional services firm, has announced an agreement with Physmark, Inc., a major provider of managed care systems, to support the company's comprehensive family of web-enabled software for provider networks, employers and payers. As a fully-certified support team, PricewaterhouseCoopers staff will be trained in the use of Physmark's software and provide comprehensive after-sales support to the company's extensive client base.

Key Takeaways:

  • PricewaterhouseCoopers has partnered with Physmark, Inc. to support the company's comprehensive family of web-enabled software for provider networks, employers, and payers.
  • Physmark's Internet version of its software products uses the most current browser-based web technology, but clients must still contend with changes to institutional processes that are difficult to implement.
  • PricewaterhouseCoopers will provide the necessary assistance to help clients adapt to the Internet by adjusting operations and processes to take full advantage of these new technologies.
  • The partnership will address the support needs of all Physmark clients, large and small, including clients with unique sets of needs and focused requirements for training and software customization.
  • Physmark's family of software, including PayerSoft and MEDICOMP, are based on Oracle Corporation's Developer, the preeminent development tool for enterprise applications.
  • Both MEDICOMP and PayerSoft are fully web-enabled and available on secured Internet and intranets, and use Oracle's relational database, making them "portable" and running on more than 85 different hardware platforms and operating environments.

Statistics:

  • Physmark's software has a fast track implementation process, with over 150 provider-based integrated delivery networks (IDNs) using its information systems.
  • Physmark's MEDICOMP is the exclusive managed care software endorsed by VHA Inc., the purchasing organization for 1,500 nationwide community hospitals.
  • Physmark's software is used by over 1,500 health care organizations, including large providers, major employers, and insurance companies.
  • Physmark's PayerSoft is used by health plans to manage HMOs.
  • Physmark's partnership with PricewaterhouseCoopers leverages the expertise of over 150,000 PricewaterhouseCoopers professionals in over 150 countries.

Sources:

  • PricewaterhouseCoopers press release dated April 10, 1999
  • Physmark, Inc. company information and press releases
  • Oracle Corporation press releases and company information
  • VHA Inc. press releases and company information

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