SOURCE: Healthation, Inc.

November 11, 2008 18:24 ET

Core V Solutions Selects Healthation to Deliver Interactive Real-Time Claims and Benefits Administration

DARIEN, IL--(Marketwire - November 11, 2008) - Healthation, a leading benefits and healthcare claims management technology company, today announced that it has signed an agreement with Core V Solutions, Inc., a licensed third party administrator and insurance agency based in Frisco, Texas. Core V Solutions will implement the AcceleHealth® enterprise payer solution for comprehensive benefits, claims and broker commission administration and its integrated AboveHealth® Portal to deliver interactive self-service capabilities across its medical, dental, life, disability and pharmacy lines of business.

The AcceleHealth system features a highly flexible user definable rules engine that drives all adjudication, workflow and CRM functions, offering Core V Solutions the flexibility to set up the system according to their business needs. With the AboveHealth portal, Core V Solutions will be able to enhance their business relationships, extend their branding and employ a total stakeholder-centric solution.

"We selected Healthation's comprehensive health benefit management system for the breadth of services it will enable us to deliver to our employer groups, members and providers," said Stewart Sweda, Chief Marketing and Sales Officer, Core V Solutions, Inc. "The AcceleHealth and AboveHealth Portal will allow us to further cut administrative costs, increase productivity and continue to provide exceptional customer service."

"For over a decade, we have pursued a vision to apply the knowledge and experience gained as architects of the early real-time, consumer-focused PBM systems to accelerate real-time adoption across the broader healthcare landscape," said Scott Kornhauser, CEO of Healthation. "It's with this insight that we can assist Core V Solutions in delivering custom claims and benefits administration services nationwide."

Healthation allows payers to continually enhance and extend the capabilities of the AcceleHealth and Abovehealth solutions by sharing its open architecture through the industry's only "collaborative open exchange" platform to accelerate the real-time adoption and the development of shared best practices among its user community. Healthation is also the market's only health benefit management system capable of supporting truly integrated benefits across all lines of business, market segments and funding sources against one universal member record.

About Core V Solutions

Core V Solutions, Inc. was formed in 2004 as an affiliate company to Careington International Corporation, a leading provider of non-insurance health savings plans. As a licensed third party administrator and insurance agency, Core V Solutions specializes in custom administration and sales for health insurers and other third party administrators. The company also frequently partners with Careington to provide administrative services to Careington customers and gain access to Careington's proprietary dental PPO network. Core V Solutions has the infrastructure in place to provide a turnkey solution for the entire administration process -- from innovative and cost-effective plan design, enrollment and billing to policy fulfillment and claims processing -- to ensure that companies get their benefit plans to market fast. For more information, call 866-636-9188 or visit www.corefivesolutions.com.

About Healthation

Darien, IL-based Healthation is a healthcare technology company helping payers and administrators improve business performance with user-driven rules-based benefits management and transaction processing solutions. Healthation's goal is to accelerate a retail transformation in healthcare with a real-time, open exchange platform. The company's AcceleHealth® solution is the industry's only web-based payer system built to administer benefits in real-time across all lines of business under one master member record including medical, dental, vision, pharmacy, life and AD&D.

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