SOURCE: Health Systems International

Health Systems International

August 10, 2009 10:00 ET

Health Systems International Expands Technology Infrastructure and Technology Applications Through Acquisition of @Global

INDIANAPOLIS, IN--(Marketwire - August 10, 2009) - Health Systems International, a leading provider of outsourced medical cost management solutions to payors and healthcare provider networks around the world, today announced the acquisition of @Global. @Global has developed and supported best-in-class software solutions for workers' compensation, casualty insurance, claims administration, and medical cost management environments since 1996.

Russell W. Sherlock, CEO of HSI, said, "@Global makes an exceptional fit for HSI by not only enhancing the infrastructure of all HSI solutions but also providing additional software applications for clients to help them control medical cost."

"The expanded technology resource is fulfilling our vision to become the leading provider of medical cost management solutions." Sherlock continued.

"The @Global team is excited about joining the technology solutions division of HSI," commented @Global President, Steve Graham, "The combination of @Global and HSI resources represents a highly strategic offering of software assets, customer service capabilities, and vendor relationships. @Global's experience and expertise will be leveraged to expand and enhance HSI solutions in all markets, and HSI resources will allow us to offer complete, fully integrated medical cost management solutions to current @Global clients."

Steve Graham will join the HSI Executive team in a dual role as HSI Chief Technology Officer for all HSI Divisions as well as President of the HSI Technology Solutions Division.

About HSI

Headquartered in Indianapolis, Indiana, HSI is a leading provider of outsourced medical cost management solutions to health plan payors and provider networks around the world. HSI is backed by Great Point Partners, LLC, a private investment firm with over $900 million of equity capital under management. Since 1987, HSI has utilized proprietary technology, experienced staff and the markets broadest selection of medical discount solutions to relieve client's administrative burdens and achieve the lowest possible cost of medical care. Go to www.us-hsi.com for more information.

About @Global

@Global creates real and tangible value for organizations by integrating software strategies that help make the business of managing insurance claims more productive. Applications developed generate the maximum return on technology investment by improving healthcare loss outcomes and costs, enabling labor efficiencies, and reducing technology costs. Services include custom programming, project management, software training, system documentation and 24/7 technical support.

Contact Information