NewswireToday - /newswire/ -
Fort Washington, PA, United States, 2009/12/02 - RAM Technologies enhances HEALTHsuite® claims management application to include advanced functionality to support value based benefits.
RAM Technologies, Inc., a leading developer of enterprise software solutions for health plans, is pleased to announce that HEALTHsuite®, RAM’s flagship claims management suite, now offers health plans the ability to design and administer value based health benefits.
The rising costs of health care are motivating health plans, employers and individuals to seek innovative ways to reduce health care expenses. Financial incentives and rewards are now being used to motivate individuals to participate in behavior changing programs. These programs encourage individuals to make better choices, leading to a healthier lifestyle while reducing health care costs.
APWU Health Plan, a Federal Employees Health Benefit Program and a leader in healthcare innovation, is the first to take advantage of this new software. Carroll Midgett, Chief Operating Manager of APWU Health Plan said “In conjunction with RAM’s new value based benefit capability, we are able to offer our High Option members both Diabetes and Hypertension Management Programs – enabling members who enroll and participate as required to be eligible for $0 copayments for in-network diabetes and hypertension visits, lab tests and generic medications through mail.”
“HEALTHsuite is a powerful software solution that automates all aspects of health care administration for health care payers. RAM is continually enhancing HEALTHsuite to meet the evolving needs of our clients and the emerging challenges in the industry”, states Christopher P. Minton, Executive Vice President of RAM Technologies. “RAM is proud to provide health plans with effective tools to design and administer programs focused on reducing the costs of health care and improving the quality of life for health plan participants”.
Mr. Minton added “HEALTHsuite’s design and rules based processing enable our clients to structure benefits where patient co-pays, coinsurance and deductibles may be waived or reduced based on an individual’s participation in wellness, disease management and/or coaching programs. The integration within HEALTHsuite ensures the decisions related to patient financial responsibilities are made in real-time as claims are adjudicated”.
About RAM Technologies, Inc.
For over 28 years RAM Technologies has developed advanced system solutions for health plans serving the Medicare, Medicaid, Commercial, Correctional and Federal Health Programs. With the implementation of HEALTHsuite and eHealthsuite™ (web portal product) RAM Technologies (ramtechnologiesinc.com) has assisted health plans in reducing administrative expenses while improving customer service. Based in Fort Washington, Pennsylvania you can visit on the website or call.