SOURCE: diCarta

May 05, 2005 16:29 ET

CIGNA Selects diCarta Contracts to Streamline Provider Contract Management Processes

diCarta Contracts Software Expected to Improve the Health Carrier's Provider Contracting Process at Reduced Costs

SAN CARLOS, CA -- (MARKET WIRE) -- May 5, 2005 -- diCarta, a leading provider of enterprise contract management solutions, today announced that CIGNA HealthCare has selected diCarta Contracts software to manage all of its provider agreements company-wide.

CIGNA is one of the largest investor-owned employee benefits organizations in the United States. Serving millions of members in the U.S. and around the globe, CIGNA offers a full portfolio of medical, dental, behavioral health, pharmacy and vision care benefits; group life, accident and disability insurance, and health care coverages for expatriate employees.

diCarta Contracts is a comprehensive contract management solution -- spanning every stage of the contract management lifecycle -- from contract creation and negotiation, to obligations management and compliance enforcement, through contract reporting and analysis.

"Facilitating and optimizing our relationship with our 400,000 providers is a key objective for CIGNA HealthCare, and implementation of diCarta is designed to enable our company to improve efficiency and compliance, mitigate risk, and streamline the contract management processes," said Karen Ferrell, Senior Vice President National Contracting and Provider Network. "Integration of the diCarta contract management system with our claims systems is consistent with our goal to improve claim auto-adjudication and overall payment processes."

The company initially will roll out the diCarta Contracts solution to its HealthCare contractors who focus on executing and managing its physician, ancillary and facility contracts. In later phases, the diCarta Contracts solution will be integrated with CIGNA HealthCare's other administrative platforms to provide a seamless contract management solution.

"diCarta Contracts is providing leading companies with a competitive edge in controlling costs and improving profitability," said Mike Kaul, President and Chief Executive Officer of diCarta, Inc. "We are pleased to have industry leaders, such as CIGNA, join the ranks of companies benefiting from the diCarta solution."

About diCarta

diCarta is a leading provider of enterprise contract management solutions to manage the entire contract lifecycle. diCarta Contracts provides the control and visibility that companies need to create better contracts, meet contractual obligations, manage customer and supplier performance against contract terms and language, and continually improve operations. Leading companies, such as Kraft, Kohler, and NBC, depend on diCarta.

For more information about diCarta solutions, visit www.dicarta.com or call 1-888-496-2600.

Contact Information