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Mahindra Satyam Announces HealthConnection(TM) -- A Rapidly Deployable Health Insurance Exchange for State Governments(Marketwire Via Acquire Media NewsEdge) PARSIPPANY, NJ -- (Marketwire) -- 09/10/12 -- Mahindra Satyam, a leading global consulting and IT services provider, today announced the launch of HealthConnection™, a health insurance exchange (HIX) solution that complies with U.S. Affordable Care Act requirements for establishing health insurance exchanges for businesses, employers and individuals by the January 1, 2014 deadline. Designed to scale for states with small, medium or large populations, HealthConnection™ incorporates "solution accelerators" -- automated tools to help plan and deploy rollouts -- for key components including enrollment, plan comparison, and premium billing both for the individual market and Small Business Health Options Program (SHOP) to ease implementation. HealthConnection is based on proven components from hCentive's WebInsure state platform and CSC's Premium Billing System 360°(SM) with a consumer-centric focus to ease the insurance purchasing process from both agency and consumer points of view. HealthConnection enables government agencies to: Focus efforts on helping citizens rather than technical complexities of implementation Provide an easy-to-use self-service portal and a multi-channel system that enable citizens to choose the right plan for individual situations Allow for rules-based eligibility determination and verification of data using interfaces to other state systems and federal data hub services Implement a "No Wrong Door" system -- a virtual single point of access for users -- via a secure electronic interface that connects eligibility systems for disparate programs and directs individuals to the appropriate "door" based on income Use extensive reporting features to meet evolving standards and ACA reporting requirements Build extensions to call center operations, document management and output management. "With the Supreme Court ruling in the summer, the race is on to build state-wide health insurance exchanges by the deadline. HealthConnection allows government agencies to rapidly and reliably meet ACA requirements with the flexibility to adjust to evolving federal requirements," said Arvind Malhotra, Senior Vice President, Strategic Accounts, Mahindra Satyam. "By partnering with industry-leading software and solution vendors, we've developed a low-risk, robust approach to implement an exchange." About Mahindra Satyam Mahindra Satyam is a global business consulting and information technology services company leveraging deep industry and functional expertise, leading technology practices and a global delivery model to help businesses transform their processes and improve performance. The company's professionals excel in enterprise solutions, supply chain management, client relationship management, business intelligence, business processes, engineering and product lifecycle management, infrastructure services, among other services. The company has development and delivery centers in the United States of America, Canada, Brazil, the United Kingdom, Germany, France, Hungary, Egypt, United Arab Emirates, India, China, Malaysia, Singapore, and Australia and serves numerous clients, including many Fortune 500 organizations. Mahindra Satyam is part of the USD 15.4 billion Mahindra Group, a global industrial federation of companies and one of the top 10 business houses based in India. The Group's interests span automotive products, aviation, components, farm equipment, financial services, hospitality, information technology, logistics, real estate and retail. For more information, see www.mahindrasatyam.com Follow us on Twitter: http://twitter.com/mahindra_satyam About CSC CSC is a global leader in providing technology-enabled business solutions and services. Headquartered in Falls Church, VA, CSC has approximately 96,000 employees and reported revenue of $15.8 billion for the 12 months ended June 29, 2012. For more information, visit the company's website at www.csc.com. About hCentive hCentive provides technology solutions for health insurers and state health agencies. These solutions help them reduce cost and administrative complexity, while enhancing relationships with their customers. For more information, visit the company's website at www.hcentive.com. Safe Harbor This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements contained herein are subject to certain risks and uncertainties that could cause actual results to differ materially from those reflected in the forward-looking statements. Mahindra Satyam undertakes no duty to update any forward-looking statements. Media contact: George Morin Makovsky + Company 212-508-9619 [email protected] Source: Mahindra Satyam |