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Regence Automates Provider Contracting with Kryptiq's Choreo Contract Manager
Date:2/19/2008

Blues Plan Creates 27,000 Contracts and Amendments with Industry Leading

Solution

PORTLAND, Ore., Feb. 19 /PRNewswire/ -- Kryptiq, the leading provider of next generation healthcare connectivity solutions, today announced that Regence, the largest not-for-profit health insurance carrier in the Pacific Northwest and Mountain State regions, has successfully implemented Kryptiq's Choreo(TM) Suite. Regence is utilizing the Choreo Suite to increase contracting efficiency, improve management of alternative contract language and enable rapid assessment of contract compliance across its entire network. With Choreo, Regence was recently able to create 23,000 contracts and 4,000 amendments, while maintaining a complete audit history of all contracts activities.

"Since implementing Kryptiq's Choreo Suite, we've seen an improvement in our ability to produce, store and query contracts and amendments supporting our core business," said John Wagner, vice president of network strategy, provider operations and dental programs for Regence.

As contracting requirements and legislation become increasingly complex, access to current and accurate contractual information is paramount. Regence users now have instant access to critical contract information and the organization as a whole is better able to respond to changing market conditions.

"The most significant impact of Choreo is the ability to manage contract compliance to our dynamic business," said Wagner. "As an organization, Choreo is enabling us to be responsive to regulation, nimble to meet changing market conditions and confident in our business processes."

"Regence is a recognized industry leader in driving healthcare transformation," said Luis Machuca, president and CEO of Kryptiq. "With Choreo, Regence now has a platform for enabling information transparency across their organization and to their major stakeholders."

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SOURCE Kryptiq Corporation
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