Ancillary Care Services, WLT Software Accelerate Savings to Clients
Partnership empowers TPAs with automated cost savings tool and seamless implementation through ACS
DALLAS--(BUSINESS WIRE)-- Ancillary Care Services, a subsidiary of American CareSource Holdings, Inc. (NAS: ANCI) , announced today that its growing partnership with WLT Software is working as anticipated to streamline savings for third-party administrators and their clients.
ACS provides TPAs and their clients with a comprehensive national network of more than 34,500 provider sites in a wide range of traditionally high-cost categories, including dialysis, diagnostic imaging and infusion services. In a previously announced strategic alliance, WLT clients gained access to ACS' functionality and analytical tools, allowing them to better measure and identify opportunities for savings through the ACS network.
As part of the agreement, a software interface between WLT and ACS was created that allows WLT to easily demonstrate to clients - using the clients' own historical claims data - the potential savings in providing ancillary care by accessing the ACS network. Once a TPA, having seen the substantial value to its clients, selects ACS, the transition and implementation are seamless.
Once onboard, WLT clients are able to use ACS' comprehensive reporting package, which can be tailored to meet their specific needs.
"The ACS partnership with WLT clears the way for TPAs and their clients to access our national ancillary network and the proven healthcare savings it provides," said Bill Simpson, president and chief operating officer of ACS.
Currently, four TPA clients have contracted to work with the ACS network or are in actual implementation because of the WLT partnership. In addition to its own sales team, ACS works with value-added companies, such as WLT, for channel sales opportunities.
"We expect to add more new accounts in 2013 through our relationship with WLT," Simpson said.
About WLT Software
WLT Software is an international leader in providing advanced benefit plan administration and medical claims processing software for insurance companies, government employee plans, TPAs and self-administered groups. WLT's philosophy of Client Directed Development provides the flexibility to meet the unique needs of each client and proactively adapt to changes and trends in the benefit administration industry. WLT's core systems were developed with the understanding that every organization has its own unique needs and requirements. Whether administering multiple plans covering millions of lives or one plan covering a small group, its scalable solutions can be tailored to fit the organization's needs. For more information, visit www.wltsoftware.com.
About American CareSource Holdings, Inc.
American CareSource Holdings is the first national, publicly traded ancillary care network services company. The company offers a comprehensive national network of more than 4,800 ancillary service providers at more than 34,500 sites through its subsidiary, Ancillary Care Services. ACS provides ancillary healthcare services through its network that offers cost-effective alternatives to physician and hospital-based services. These providers offer services in 31 categories including laboratories, dialysis centers, free-standing diagnostic imaging centers, infusion centers, long-term acute care centers, home-health services and non-hospital surgery centers, as well as durable medical equipment. The company's ancillary network and management provide a complete outsourced solution for a wide variety of healthcare payors and plan sponsors including self-insured employers, indemnity insurers, PPOs, HMOs, third-party administrators and both federal and local governments. For additional information, please visit www.anci-care.com.
Ancillary Care Services
Matthew Thompson, 972-308-6830
Chief Financial Officer
KEYWORDS: United States North America Texas
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