Southern Cross Selects Diamond 950 Software
Media Release From Perot Systems
New Zealand's Southern Cross Healthcare Selects Diamond 950 Software Technology
New Agreement Represents a Significant Step Forward in Perot Systems' Expansion Into the Global Healthcare Marketplace
DALLAS, Texas, Aug. 7 /PRNewswire-AsiaNet/ -- Perot Systems Corporation (NYSE: PER) announced today that it has licensed its DIAMOND(R) 950 health benefits administration software to Southern Cross Healthcare, New Zealand's largest not-for-profit healthcare organization, with more than 980,000 members.
Perot Systems' proven and scalable DIAMOND technology will enable Southern Cross to better manage its eligibility data, member health benefits, provider reimbursement, financial risk and other aspects of its benefit programs.
DIAMOND 950 software is an established and reliable solution that is able to handle large transaction volumes for complex payor organizations like Southern Cross. DIAMOND applications, which are based on the Oracle(R) platform, have an architecture that supports real-time, Web-enabled environments, which gives Southern Cross the flexibility to improve workflow processes and service to providers, members, and employers.
"The capabilities that Aetna Health (NZ) had developed using DIAMOND software was one of the key reasons for the acquisition of Aetna Health (NZ) by Southern Cross," said George Jepson, Southern Cross COO. "We have been impressed by Perot Systems' willingness to understand the different needs within our market for health insurance. This has enabled us to fast track the migration of our existing Southern Cross membership to DIAMOND 950, a project that will be completed in less than 12 months."
"Southern Cross is an impressive force within the New Zealand health insurance market," said Chuck Lyles, Perot Systems vice president of the Healthcare Industry Group. "This relationship provides a tremendous platform on which to expand our global healthcare business."
The DIAMOND software was originally developed by Health Systems Design Corporate (HSD), which is now a wholly owned subsidiary of Perot Systems. HSD was acquired by Perot Systems in December 2000.
About Perot Systems
Perot Systems is a worldwide provider of information technology services and business solutions. Through its flexible and collaborative approach, Perot Systems integrates expertise from across the company to deliver custom solutions that enable clients to accelerate growth, streamline operations, and create new levels of customer value. Headquartered in Dallas, Texas, Perot Systems has more than 400 clients and reported 2000 revenue of $1.1 billion. The company has more than 8,000 Associates located in the United States, Europe, and Asia. Additional information on Perot Systems is available at http://www.perotsystems.com .
Southern Cross Healthcare
Since 1961, Southern Cross Healthcare has been New Zealand's leading private health insurer. Today, it extends its range of services to provide other healthcare products and services, with 980,000 New Zealanders utilizing their healthcare services.
Over the past 10 years, more than 90 cents of every dollar contributed by Southern Cross members has been paid out to meet members' claims. The group's total revenue in 2000 was NZ$ 430.3 million.
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SOURCE: Perot Systems Corporation