Regence Selects Kryptiq to Streamline and Simplify Provider and Facility Contract Management
PORTLAND, Ore., Feb. 20 /- Kryptiq Corporation, the leading provider of workflow and connectivity solutions for healthcare, today announced a definitive customer agreement with Regence, the largest not-for-profit health insurance carrier in the Pacific Northwest and Mountain State regions. Regence has selected Kryptiq's Choreo(TM) Contract Manager as part of the organization's plan to align provider information strategy with IT strategy in order to improve overall quality of patient care and cost savings. Regence joins more than 1,000 Kryptiq customers throughout North America including Blues Plans on the East Coast and in the Midwest.
"This year, we will develop and implement a plan to streamline our provider and facility contracting process, and more closely align it with our IT strategy," said John Wagner, Vice President of Network Strategy, Behavioral Health and Dental Programs for Regence. "Kryptiq's Choreo Contract Manager will help us to reduce many of the challenges associated with paper-based contract management and provide us with much better visibility into our contractual data. In addition to the company's expertise in provider contracting applications, Kryptiq's commitment to health care transformation aligns with our own goals and objectives."
"There are many natural synergies between the Kryptiq and Regence visions," said Luis Machuca, president and CEO of Kryptiq. "Most important are the common commitments to reducing health-care waste, promoting community collaboration and enabling provider and network transformation."
The strength of the Blue Cross and Blue Shield brands is unsurpassed in the health care industry, providing customers with local, regional and national access to exceptional products, providers and other services. Regence includes Regence BlueShield of Idaho, Regence Blue Cross Blue Shield of Oregon, Regence Blue Cross Blue Shield of Utah and Regence Blue Shield (in Washington). Collectively, these four Plans serve nearly 3 million members in four states with more than $7 billion in combined revenue.
Choreo Contract Manager is a modular end-to-end contract management solution designed specifically to enable health plans to streamline and simplify provider contract management. Choreo and its available modules enable health plans to automate the entire contract lifecycle, including creation, negotiation, execution and post-signature evaluation. Unlike other contract management software, Choreo Contract Manager approaches the contract lifecycle from the health plan perspective, including tasks such as evaluating provider enrollment and incorporating rates sheets within the contracting workflow.
Kryptiq will be showcasing Choreo Contract Manager at the upcoming HIMSS show, being held February 26th - March 1st in New Orleans. Please visit Kryptiq in booth #1961 for a demonstration and additional product information.
About Kryptiq Corporation
Kryptiq is the leading provider of interoperability and workflow connectivity solutions for healthcare. Kryptiq streamlines healthcare communications among patients, providers, pharmacies and payers with secure messaging, electronic prescribing, disease management, and contract management technologies. By integrating these solutions with existing systems and applications, Kryptiq enables the trusted transport of health information where and when it is needed. Kryptiq's fast growing customer base includes many of the nations top 100 integrated health networks, spans 48 states plus Washington, D.C., and includes well-known providers and payers such as Providence Health System, Capital Region Healthcare, MeritCare Health System, Eastern Maine Healthcare, Blue Cross and Blue Shield of Minnesota, and Northwest Permanente. For more information on the company, visit www.kryptiq.com .
Source: Kryptiq Corporation
CONTACT:
Nicole Loux,
415-694-6705,
nloux@racepointgroup.com,
or
RJ Bardsley,
+1-415-694-6701,
rbardsley@racepointgroup.com,
both of Racepoint Group, for Kryptiq Corporation
Web site: www.kryptiq.com/
