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Audit solution will help eliminate payment errors and increase recoveries
FAIRFAX, VA, July 8, 2015 /CNW Telbec/ - CGI (NYSE: GIB) (TSX: GIB.A) today announced it has extended their contract with Highmark Inc. to provide healthcare claims auditing and validation services.
Under the terms of the new agreement, CGI's proprietary Customized Audit System (CAS) software will be used to support the identification, correction and prevention of healthcare claims overpayments and coding errors as well as to achieve a higher percentage of overpayment recoveries. The contract's benefits-funded, contingency fee approach means Highmark will incur no up-front costs and experience significantly reduced risk through the life of the program.
"CGI's technology will help us to better assure that claims are free of coding errors and appropriately paid," said Highmark Vice President, Kurt Spear. "More timely, accurate notification of overpayments will also help our healthcare providers adjust their billing practices and avoid future mistakes, and the program's emphasis on continuous process improvement will allow us to achieve even greater efficiencies over time."
"We are gratified to continue this long-standing relationship with Highmark," said CGI Vice President, Rob Rolf. "Our comprehensive claims auditing and compliance solutions make CGI the partner of choice for Highmark and other leading healthcare payers."
Founded in 1976, CGI Group Inc. is the fifth largest independent information technology and business process services firm in the world. Approximately 68,000 professionals serve thousands of global clients from offices and delivery centers across the Americas, Europe and Asia Pacific, leveraging a comprehensive portfolio of services including high-end business and IT consulting, systems integration, application development and maintenance, infrastructure management as well as a wide range of proprietary solutions. With annual revenue in excess of C$10 billion and an order backlog of approximately C$20 billion, CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB). Website: www.cgi.com.
SOURCE CGI Group Inc.
For further information: Investors, Lorne Gorber, Executive Vice-President, Global Communications and Investor Relations, firstname.lastname@example.org, +1 514-841-3355; Media, Linda Odorisio, Vice-President, Global Communications, CGI, email@example.com, +1 703-267-8118