Aon Unit Valley Oak Systems to Deliver Claims Management Technology to Motor Vehicle Accident Indemnification Corp
25 Ottobre 2007 - 2:00PM
PR Newswire (US)
The iVOS(R) 'One-System' Claims Management and Bill Review Solution
Will Automate and Streamline New York Uninjured Motorist Claims SAN
RAMON, Calif., Oct. 25 /PRNewswire-FirstCall/ -- Valley Oak
Systems, Inc., a unit of Aon Corporation (NYSE:AOC) and a leading
provider of insurance technology solutions, today announced that
the Motor Vehicle Accident Indemnification Corporation (MVAIC) has
selected Valley Oak's iVOS system as its "one-system" claims
management and bill review solution. MVAIC is a non-profit
organization in the state of New York that pays bodily injury
damages and no-fault benefits to qualified victims of motor vehicle
accidents caused by uninsured motorists. (Logo:
http://www.newscom.com/cgi-bin/prnh/20041215/CGW049LOGO) The iVOS
claims system offers a wide array of system capabilities to assist
adjusters in processing claims, including diary, scheduling,
document imaging, workflow management, and automation tools. The
system can be customized to meet an organization's specific
claims-management needs. Clients choose the modules essential to
service their unique workflow, processes and business objectives.
"Two years ago, we attempted to automate our claims process," said
Jeff Rubinton, president and chief executive officer of MVAIC.
"Unfortunately, our existing legacy system didn't have contemporary
claims-handling capabilities, such as workflow or business rules
automation. We looked at several products and decided iVOS was the
best claims system to meet our business needs. The system's
business rules enable easy configuration to re-design workflow, and
its outsourced bill review services are seamlessly integrated with
the iVOS software, so we will have more efficiency and consistency
throughout the medical bill review process." "MVAIC is dedicated to
responding to the innocent victims of uninsured accidents with
prompt assistance and compassion," said Randy Wheeler, CEO of
Valley Oak Systems. "With iVOS, they now have the technological
infrastructure to optimize operations and transactional costs."
Among the efficiencies offered by iVOS: -- A one-system platform
that provides robust claims management capabilities and
comprehensive bill review features and services; -- Browser-based
technology native to the Internet, which eliminates the need for
middleware and allows updates to occur at the server-level, rather
than individual workstations; -- Advanced tools -- such as Claim
Mail, Sticky Note, and Guest Link technology -- enable adjusters to
increase paperless workflow and streamline communication; --
Powerful, easy-to-configure business rules automate workflow;
business users simply use drop-down menus and checkboxes, rather
than having to program code. About Motor Vehicle Accident
Indemnification Corporation MVAIC is a non-profit organization
created by the New York State legislature to pay bodily injury
damages and no fault benefits to "qualified" victims of motor
vehicle accidents caused by uninsured motorists. The organization
is not a part of the government and does not receive tax dollars.
Instead, the organization's funding comes from assessments levied
on motor vehicle liability insurers operating in the state of New
York. Assessments are based on the insurers' respective premium
writings in the state. About Valley Oak Systems, Inc. Founded in
1994, Valley Oak Systems (http://www.valleyoak.com/), a unit of Aon
Corporation (NYSE:AOC), provides high quality software that enables
clients to achieve outstanding efficiency and performance in
insurance administration, including claims management, medical bill
review, policy administration, case management, billing and events.
Due to its client-focused approach, Valley Oak Systems has
established itself as an industry leader in insurance solutions,
and its comprehensive iVOS system was recognized for its business
impact with the 2006 IASA Technology Achievement Award. About Aon
Aon Corporation (NYSE:AOC) is the leading global provider of risk
management services, insurance and reinsurance brokerage, human
capital and management consulting, and specialty insurance
underwriting. Through its 43,000 professionals worldwide, Aon
readily delivers distinctive client value via innovative and
effective risk management and workforce productivity solutions. Our
industry-leading global resources, technical expertise and industry
knowledge are delivered locally through more than 500 offices in
more than 120 countries. Aon was ranked by A.M. Best as the number
one global insurance brokerage in 2007 based on brokerage revenues,
and voted best insurance intermediary, best reinsurance
intermediary, and best employee benefits consulting firm in 2007 by
the readers of Business Insurance. For more information on Aon, log
onto http://www.aon.com/. Media Contact: Cynthia Chow Valley Oak
Systems 925-242-4600
http://www.newscom.com/cgi-bin/prnh/20041215/CGW049LOGO
http://photoarchive.ap.org/ DATASOURCE: Aon Corporation CONTACT:
Cynthia Chow of Valley Oak Systems, +1-925-242-4600, Web site:
http://www.aon.com/ http://www.valleyoak.com/
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