SOURCECORP to Demonstrate Comprehensive BPO Solutions at 2010 ACORD LOMA Insurance Systems Forum

Company Experts to Share How to Reduce Expense-to-Premium Ratios While Improving Productivity


DALLAS, TX--(Marketwire - May 19, 2010) -  

WHO:   SOURCECORP, Incorporated, provider of business process outsourcing solutions in the mortgage, financial services, government, healthcare, insurance and legal industries
     
WHAT:   Will showcase flexible and fully integrated claims and policy management solutions at the 2010 ACORD LOMA Insurance Systems Forum
     
WHEN:   May 24-26, 2010
     
WHERE:   Mandalay Bay Resort
    Las Vegas
     
    SOURCECORP will exhibit in Booth No. 247.

DETAILS: Today, insurance companies are focused on improving the combined ratio and reduction of expense ratios, growing portfolios, maintaining existing clients and keeping abreast of industry regulations. By taking advantage of advanced BPO solutions to manage claims and policies, insurance companies can improve service quality and reduce operational costs. SOURCECORP experts will be available at the 2010 ACORD LOMA Insurance Systems Forum to share how the company's flexible and fully integrated end-to-end insurance programs leverage technology to enhance revenue, performance, customer satisfaction and productivity.

Visitors to the SOURCECORP booth will discover how they can achieve real results by improving claim processing cycle times by 30 to 45% and reducing expense-to-premium ratios by 25 to 35%. The company's comprehensive insurance industry solutions are designed to improve efficiency with Six Sigma quality utilizing mailroom processing, scanning and indexing of policies and claims; business rules based policy workflow offering approval and exception routing and work load balancing; claims processing utilizing OCR, database validation, auto adjudication and electronic reconciliation; and Web-based electronic distribution of all policy and claim documents.

SOURCECORP's solutions offer industry compliance to meet stringent security requirements, such as SAS 70 Type II, SOX and HIPAA, as well as provide fully redundant global operations to assure disaster recovery and business continuity.

About SOURCECORP®

SOURCECORP, Incorporated provides business process outsourcing solutions and specialized high value consulting services to clients throughout the U.S. SOURCECORP focuses on business processes in information-intensive industries including commercial, financial, government, healthcare, and legal. Headquartered in Dallas, the company serves clients throughout the United States through a network of locations in the U.S., Mexico, Philippines and India.