Bahamas’ ColinaImperial Insurance Selects Plexis Healthcare Systems’ Solution

Plexis to Streamline Administration of Healthcare Benefits in Bahamas and U.S.

Ashland, OR – July 8, 2008 – ColinaImperial Insurance Company, the leading life and health insurance provider in The Bahamas, selected Plexis Healthcare Systems to provide its claims processing and benefits administration software solution. Plexis Claims Manager will automate claims processing and streamline benefits administration for ColinaImperial’s health claims in The Bahamas and U.S.; Plexis Direct will provide for real-time electronic claim submission and adjudication via the Internet, using Mitan Technologies’ real-time claim submission and response portal.

New Providence-based ColinaImperial has provided insurance services to The Bahamas for more than a century and remains The Bahamas’ leading health insurance provider. ColinaImperial currently offers comprehensive group life and health insurance programs for small, medium and large Bahamian businesses as well as individual insurance coverage and related financial solutions for the people of The Bahamas. Its health insurance coverage includes access to medical facilities in The Bahamas and North America.

ColinaImperial selected Plexis’ solution for several reasons, including Plexis’ experience with implementing and supporting its systems in the Caribbean health insurance market. Processing flexibility was also key for ColinaImperial and Plexis’ flexible rules-based processing engine has a strong track record for delivering increased efficiency and accuracy, as well as capabilities to further expand ColinImperial’s world-class customer service – both necessary requirements for the administration of ColinImperial’s health portfolio.

Plexis is also contributing to limiting ColinaImperial’s need to support multiple environments for group and individual portfolios. By providing the ability to establish a single Microsoft platform for premium billing and claims payment, Plexis will significantly streamline ColinaImperial’s business processes, saving time, money and improving productivity. Plexis and Mitan also offer real-time eligibility and claims submission capabilities, as well as the ability to efficiently manage both island and more costly U.S.-based claims.

“We have worked diligently to implement improvements that lend to a positive experience for our clients whether they visit us in person or conduct their transactions at a distance,” said Michele Fields, Vice President of Group Benefits at ColinaImperial. “We feel very strongly that the positive trend we have been able to achieve could not be possible without the tandem approach of paying attention to both the human touch and to technological and systems improvements.”

"ColinaImperial’s selection of Plexis highlights the success of our solution in the marketplace and further expands our international presence," said Jorge Yant, Plexis CEO and President. "The flexibility of our solution’s rules-based platform provides leading healthcare organizations in the U.S. and abroad with greater productivity, cost savings and a rapid ROI," said Yant.