Webify Solutions Helps Healthcare Payers Manage Consumer Directed Health Plans; Webify’s Consumer Directed Healthcare Solution Allows Payers to Streamline the Flow of Payment and Settlement Transactions Across Multiple Healthcare and Financial Institutions

AUSTIN, Texas, May 3, 2005 - Webify Solutions, a leading provider of service-oriented business software for the healthcare and insurance industry, will exhibit their CDH Collaboration Manager product at the Consumer Directed Health Care Conference (CDHCC) in Chicago on May 4-6 . CDHCC is the premier conference and expo that brings together all of the stakeholders of the consumer-driven health care industry: the Employer Community, Provider Community, Health Plan Community, and leading Technology, Product and Solution Providers.

Webify will be exhibiting its Consumer Directed Healthcare solution at the Expo Hall and will demonstrate the Webify CDH Collaboration Manager product for healthcare payers. Webify's CDH Collaboration Manager allows healthcare payers to improve service levels and reduce CDH administration costs by rapidly automating consumer payment and settlement transactions across multiple financial institutions, Third-Party Administrators and other trading partners.

For most healthcare payers today, consumer directed healthcare plans (CDHP) introduce new, complex consumer financial transactions and settlement processes that are not easily supported by their legacy IT systems. The operational challenge to process these complex, distributed transactions is significant to payers, who must route and manage CDHP-specific claims that require "balance billing" between multiple funding sources. These business processes require new solutions to eliminate manual processing steps while satisfying member and provider expectations for prompt reimbursements, automated reconciliation, and accurate consolidated payment statements.

Webify's CDH Collaboration Manager addresses this significant business and IT challenge with a service-oriented business application that allows healthcare payers to extend and enhance their legacy systems and streamline the flow of payment and settlement information across multiple financial institutions and consumer spending accounts. Supported consumer spending accounts include Health Saving Accounts (HSA), Flexible Spending Accounts (FSA) and Health Reimbursement Accounts (HRA). CDH Collaboration Manager is non-invasive to a payer's existing claims management systems, and utilizes open technology and healthcare semantic standards including WS-I, HIPAA, and HL7.

Webify's CDH Collaboration Manager is currently deployed at a Blue Cross and Blue Shield payer, and has been instrumental in their ability to support employer requests to use their preferred banking partners for HSA accounts. "Webify is helping our clients improve service levels, reduce CDH administration costs, and position themselves as leaders in the emerging consumer directed healthcare market," said Manoj Saxena, CEO of Webify Solutions. "CDH Collaboration Manager is able to make an immediate impact automating critical administrative and financial transactions, while also providing a very open and extensible solution that can adapt to future needs of this fast emerging market."

About Webify Solutions

Webify Solutions is a leading provider of on demand, service-oriented business software for the Insurance and Healthcare markets. Webify's SOBA Suite(TM) and SOBA Fabric(TM) are complementary products that help Insurance and Healthcare companies improve business agility, streamline operations, and generate new revenue while at the same time create an inventory of reusable assets from their existing IT systems.

Webify Solutions was recently named a "Transformative Technology Vendor" by the Gartner Group for its SOBA Fabric technology.

Privately held Webify Solutions is headquartered in Austin, Texas with offices in Europe and India. To learn more, visit the company on the web at http://www.webifysolutions.com/ or call 866-4WEBIFY.

CONTACT:

Shaku Selvakumar of Webify Solutions,
512-334-3218, or
[email protected]
Web site: http://www.webifysolutions.com/