News & Events
Fortis Health Selects Document Sciences For Compliance Automation Solution
12/11/2000, 7:00AM ET
MILWAUKEE, WI (December 11, 2000) - Fortis Health, a leading developer and provider of individual medical, small group, and specialty health insurance products has selected Document Sciences Corporation (NASDAQ: DOCX), a leading developer of eCRM and Content Automation software solutions, to provide a comprehensive Explanation of Benefits (EOB), policy and contract compliance automation solution. The purchase includes over $500,000 in software licenses and consulting services.
Jack Gochenaur, senior vice president at Fortis Health, cited the Document Sciences software's ease of use, compliant content capabilities, and ability to generate simultaneous print and Web documents as key reasons for the selection.
"We look forward to the functionality that the Document Sciences system brings our organization," he said. "We recognize the importance of the written documents and correspondence to our customers and the enhanced functionality that this system will provide. In addition, we look forward to the opportunity this system provides to move forward with the electronic communication to our customers."
Software licensed by Fortis Health includes Visual CompuSet Professional Edition™ (VC Pro) v3.0, Document Sciences' easy-to-use graphical user interface for swift, design and production of personalized, feature-rich statements, and Document Library Services™ (DLS) v 6.0, the enterprise-wide solution for high-volume regulated documents such as policies and contracts.
"This is a very important investment for Fortis Health," said Dan Fregeau, Document Sciences' vice president of worldwide sales and marketing. "We are pleased that they have selected Document Sciences' solutions with both their present and future content automation needs in mind. Fortis Health's selection, based in large part on the compliance capabilities of our software and our ability to take their regulated documents to the Web, further validates the uniqueness of our Autograph™ software architecture and its capability to simultaneously generate feature rich, media-specific compliant content for print and Web."
About Fortis Health
Fortis Health is the leading developer and provider of individual medical, small group, and specialty health insurance products. In business since 1892, the company provides health insurance coverage for over one million people nationwide. Fortis Health is headquartered in Milwaukee, Wis., and has operations offices in Minnesota, Idaho, Texas, Florida and Ohio. Fortis Health is part of Fortis, Inc., a financial services company that, through its operating companies and affiliates, provides specialty insurance and investment products to businesses, associations, financial service organizations and individuals in the U.S. Fortis, Inc. is part of the international Fortis group, operating in the insurance, banking, and investment arenas worldwide, with headquarters in the Netherlands and Belgium.
Fortis Health can be found on the Internet at www.fortishealth.com.
About Document Sciences
Document Sciences Corporation delivers real-time, interactive content processing services that content-driven organizations depend on to realize productivity benefits, cut costs, and increase competitiveness. Approximately 650 customers worldwide use Document Sciences products in insurance, banking and financial services, managed-care, telecommunications, utilities and commercial print service bureaus. Customers include more than 60 Fortune 500 companies. Based in Carlsbad, California, with regional locations across the U.S. and a European subsidiary in Paris, Document Sciences also markets its products in Australia, Canada, New Zealand, Brazil, Mexico and China. For more information about Document Sciences Corporation, visit www.docscience.com.
This press release contains certain forward-looking statements. Words such as "plan," "will," "anticipate," "intend," "increasing," "pursue," "provide," "begin," "should," "would," "focus," "believe," "expect," "continue," and "plan," or the negative thereof or variations thereon and similar expressions are intended to identify forward-looking statements. These forward-looking statements inherently involve certain risks and uncertainties, although they are based on our current plans or assessments that are believed to be reasonable as of the date of this press release. Factors that may cause actual results, goals, targets or objectives to differ materially from those contemplated, projected, forecast, estimated, anticipated, planned or budgeted in such forward-looking statements include, among others, the following possibilities: (i) changes in our stock price; (ii) changes in our operating results; (iii) the market for document automation software; (iv) continued expansion of our professional services; (v) market acceptance of our existing products and introduction of new products and enhancements to existing products; (vi) maintaining our relationships with Xerox; and/or (vii) changes in general economic and business conditions. Actual events or results may differ materially from those discussed, contemplated, forecasted, estimated, anticipated, planned or implied in the forward-looking statements as a result of the various factors described above and those further set forth under the heading "Risk Factors" in our Form 10-K for its fiscal year ended December 31, 2001