CHCS Services Strengthens Focus on Senior Health Markets under New Ownership

SCOTTSDALE, Ariz.--(BUSINESS WIRE)-- From the Medicare Supplement Insurance Conference 2010: CHCS Services, Inc., a leading Health and Life Insurance Third-Party Administrator (TPA), announced its strengthened focus on Full-Service Administration services for Senior Health markets under Patni’s ownership. Earlier this year, CHCS Services, Inc. became a wholly-owned subsidiary of Patni Americas, Inc., whose parent company is Patni Computer Systems Ltd.(Patni) (BSE: 532517, NSE: PATNI, NYSE: PTI) — a leading global IT and BPO services provider for the past 30 years. CHCS Services unveiled its revamped logo at the Medicare Supplement Insurance conference to reflect renewed focus and energy associated with the brand name and its commitment to serve Insurance and Senior Health Markets.

“Insurance and TPA Services is core to our business strategy and we are making significant investments in the platform to make it more robust and efficient as well as expanding the services portfolio,” said Sanjiv Kapur, SVP and Global Head of Patni BPO.

“With CHCS Services, Inc., clients get a dedicated full-service administration and care management partner with long-term stability and Health and Life Insurance expertise, a global delivery framework, platform-based services and range of complementary capabilities,” he added.

CHCS Services’ comprehensive range of services include Mailroom services, New Business, Policy Administration, Premium Administration, Claims Processing, Agents Administration, Actuarial services, Compliance services and Helpdesk Support. CHCS Services is currently servicing several large and mid-sized Health and Life Insurance companies in the US. It manages millions of dollars in Insurance premium and processes hundreds of thousands of claims every year.

About CHCS Services:

CHCS Services, Inc. (CHCS Services), is a leading full-service third-party administrator of Health and Life Insurance products including Medicare Supplement, Long term Care, Medicare Advantage, Medicare Part D, Medicare Select, Dental, Life and Annuities, Disability as well as various other supplementary insurance. As a nationwide service provider, CHCS Services is licensed to provide administrative services across all the states in the US. Backed by 19 years of experience, CHCS Services is committed to providing high quality administrative services and innovative solutions to meet evolving needs of the Insurance market. Located in Pensacola, Florida, CHCS Services has a team of expert professionals including Adjudicators, Underwriters, Actuaries and registered Nurses and Healthcare professionals supporting global clients.

For more information on CHCS Services, visit www.chcsservices.com.

About Patni:

Patni Computer Systems Limited (Patni) (BSE: 532517, NSE: PATNI, NYSE: PTI) is a global provider of IT services and business solutions, servicing global 2000 clients. Patni services its clients through its micro-vertical focus in banking, financial services (BFS) and insurance (I); manufacturing, retail and distribution (MRD); life sciences; communications, media and utilities (CMU).

With an employee strength of around 15,000; multiple global delivery centers spread across 15 cities worldwide; 29 international offices across the Americas, Europe and Asia-Pacific; Patni has registered revenues of <money>US$ 656 million for the year 2009.

Patni’s service offerings include application development and maintenance, enterprise software & systems integration services, business and technology consulting, product engineering services, infrastructure management services, business process outsourcing, quality assurance and engineering services.

Committed to quality, Patni adds value to its clients’ businesses through well-established and structured methodologies, tools and techniques. Patni is an ISO 9001: 2008 certified and SEI-CMMI-Dev Level 5 (V 1.2) organization. In keeping with its focus on continuous process improvements, Patni adopts Six Sigma practices as an integral part of its quality and process frameworks.

Patni leverages its vast experience spanning three decades; deep domain expertise; full-spectrum services; and suites of IP-led solutions, methodologies and frameworks; in being an effective business transformation partner to its clients.

For more information on Patni, visit www.patni.com.

Safe Harbor:

Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, liability for damages on our service contracts, the success of the companies in which Patni has made strategic investments, withdrawal of governmental fiscal incentives, political instability, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property and general economic conditions affecting our industry. The company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the Company.

CHCS Services, Inc.
Hiro Notaney, +1 408-934-4800
[email protected]
or
PAN Communications
Mike O’Connell, + 1 978-474-1900
[email protected]
or
Patni Computer SystemsLeena Sapre, + 91 9561141166
[email protected]

Source: Patni Computer Systems Limited