Agreement to Enhance InSight's RCM Capabilities
PLANO, Texas and LAKE FOREST, Calif., March 26 /PRNewswire-FirstCall/ -- InSight Health Services Holdings Corp. (OTC Bulletin Board: ISGT) ("InSight") has, through a subsidiary, entered into a seven-year agreement with Perot Systems Corporation (NYSE: PER) (www.perotsystems.com) to provide enhanced revenue cycle services and implementation of upgraded technology and IT services. Perot Systems will implement a full revenue cycle outsourcing (RCO) solution across InSight's nationwide free-standing imaging center network. The agreement also includes full implementation of an advanced practice management system, which will provide new technology to manage InSight's back-office billing and accounts receivable collections functions.
"After a long, thorough selection process, we are delighted to enter into a long-term relationship with Perot Systems, which we believe will best enable us to achieve our strategic objectives," said Patricia Blank, InSight's executive vice president of revenue cycle management. "By working with Perot Systems, we will enhance our technological capabilities as well as the efficiency and effectiveness of our entire revenue cycle. This agreement will allow us to focus better on our core mission of providing superior quality service to the patients, physicians, hospitals and health systems with whom we work. Perot Systems offers significant economies of scale, a proven track record and a solid reputation, and we look forward to working with them."
"Perot Systems is proud to be selected by InSight Health Corp. as its long-term Revenue Cycle Solutions provider," said Chuck Lyles, president of Perot Systems' healthcare group. "We are committed to providing InSight with supportive technology services and revenue cycle efficiencies to achieve its objective of providing superior care and continuing to be a leading provider of diagnostic imaging services."
InSight, headquartered in Lake Forest, Calif., is a provider of diagnostic imaging services through a network of fixed-site centers and mobile facilities. InSight serves a diverse portfolio of customers, including healthcare providers, such as hospitals and physicians, and payors, such as managed care organizations, Medicare, Medicaid and insurance companies, in over 30 states, including the following targeted regional markets: California, Arizona, New England, the Carolinas, Florida and the Mid-Atlantic states. As of December 31, 2008, InSight's network consists of 63 fixed-site centers and 114 mobile facilities. For more information, please visit www.insighthealth.com.
About Perot Systems
Perot Systems is a worldwide provider of information technology services and business process 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 Plano, Texas, Perot Systems reported 2008 revenue of $2.8 billion. The company has more than 23,000 associates located in the Americas, Europe, Middle East and Asia Pacific. Additional information on Perot Systems is available at http://www.perotsystems.com/.
This press release contains forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. For factors that could affect Perot Systems' business and cause actual results to differ materially, please refer to Perot Systems' Annual Report on Form 10-K for the fiscal year ended December 31, 2008, as filed with the U.S. Securities and Exchange Commission and available at http://www.sec.gov/, as updated in Perot Systems' Quarterly Reports on Form 10-Q filed after such Form 10-K, for additional information regarding risk factors.
The foregoing contains forward-looking statements regarding InSight. They reflect InSight's current views with respect to current events and financial performance, are subject to many risks, uncertainties and factors relating to InSight's operations and business environment which may cause the actual results of InSight to be materially different from any future results, express or implied by such forward-looking statements. InSight intends that such forward-looking statements be subject to the Safe Harbor created by Section 27(a) of the Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934. The words and phrases "expect," "estimate," and "anticipate" and similar expressions identify forward-looking statements. Certain factors that could cause actual results to differ materially from these forward-looking statements include, but are not limited to, the following: (i) InSight's ability to successfully implement its core market strategy; (ii) overcapacity and competition in InSight's markets; (iii) reductions, limitations and delays in reimbursement by third-party payors; (iv) contract renewals and financial stability of customers; (v) conditions within the healthcare environment; (vi) the potential for rapid and significant changes in technology and their effect on InSight's operations; (vii) operating, legal, governmental (including changes in the federal administration) and regulatory risks; (viii) conditions within the capital markets, including liquidity and interest rates, and (ix) economic (including financial and employment market conditions), political and competitive forces affecting InSight's business, and the country's economic condition as whole. We disclaim any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments, or otherwise.
At InSight: Kip Hallman President & CEO Keith S. Kelson Executive Vice President & CFO (949) 282-6000 At Perot Systems: Jonathan Moss Media Relations Manager Perot Systems 972-577-6395
|SOURCE Perot Systems Corporation; InSight Health Services Holdings Corp.|
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