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2004 2003200220012000 |
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Bloodhound Software Changes Name,
Unveils New Website and Web Address RESEARCH TRIANGLE PARK, NC (May 30, 2001) - Bloodhound Software, Inc., an application service provider focused on medical bill overpayment protection services for insurers, TPAs, HMOs, IPAs and other at-risk medical payment organizations, today announced that it has changed its name and unveiled a new corporate website. Bloodhound Software will now operate as Bloodhound, Inc. The company's new website is available at www.bloodhoundinc.com. "Bloodhound, Inc. began in 1997 with a revolutionary software product which offered high level data scrubbing capabilities to our early customers. This data scrubbing technology helped our customers eliminate errors such as duplicate files in legacy records such as patient, prescription, and insurance transaction databases," said Bill Chastain, Bloodhound's president and CEO. "The company now delivers a higher caliber of service to our customers through a revolutionary application service provider (ASP) arrangement. This allows our customers to achieve previously unrealized medical bill savings, above and beyond their current medical bill and claims processing systems. The name change will help them understand that we are not a software vendor, but provide our services in a more unique manner.'' Through its ClaimsGuard(SM) Overpayment Protection Service, Bloodhound helps medical bill payors achieve incremental savings after complete medical bill adjudication and repricing, but prior to explanation of benefits and payment adjudication. Bloodhound's actual historical incremental savings to date have ranged from 2-10% of approved medical claims processed through ClaimsGuard(SM). Because Bloodhound offers these services as an ASP, the company is able to provide clients with seamless access to software-based services and eliminate the complexities of system installation and operation and the attendant capital expenditure. "We are excited about the progress that Bloodhound continues to make in the marketplace," said Chastain. "Healthcare payors must continue to find innovative ways to control their expenses, and we feel that Bloodhound is uniquely positioned to deliver the cutting-edge technological solutions these organizations need to maximize their profitability." About Bloodhound, Inc. Founded in 1997, Bloodhound, Incorporated, is an application service provider specializing in medical claims overpayment protection services and advanced data modeling. Bloodhound's ClaimsGuard(SM) Overpayment Protection Service safeguards insurers, HMOs, TPAs, and other at-risk medical payment organizations from medical bill and claims overpayment due to duplicates and other complexities resulting from processing large volumes of data through traditional claims payment systems. Bloodhound is headquartered in Research Triangle Park, NC, with an office in Perth, Australia. Visit Bloodhound on the Internet at www.bloodhoundinc.com. ClaimsGuard is a Service Mark of Bloodhound, Inc. Contact: Steven Bridges Bloodhound, Inc. 919-991-1117 x127 Don Mundie Delta Capital Management LLC 901-755-0949 |
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