DAVID Corporation Announces Alliance With Ingenix

DAVID Corporation, a provider of risk-management software and services, today announced it has entered into an alliance with Ingenix to bring essential EDI reporting platform tools together in one solution. Through this alliance, the companies’ complementary offerings will help their shared clients prepare for and meet new Centers for Medicare & Medicaid Services (CMS) reporting requirements faster and with fewer disruptions to their business.

The SCHIP expansion passed by Congress in 2008 included a new federal mandate requiring liability, no-fault insurance or workers’ compensation insurers to submit an array of claims information electronically to CMS. The rule requires Responsible Reporting Entities (RRE’s) to meet test-file submission benchmarks no later than April 1, 2010, and to be fully registered, tested and submitting files to CMS no later than June 30, 2010. Non-compliance carries significant financial penalties.

“By partnering with Ingenix we are able to help our clients achieve compliance with CMS reporting requirements, while improving efficiency and productivity,” said Alex Aminian, DAVID’s president and CEO. “Bringing our solutions together will provide better compliance capabilities to our clients, as well as improve their competitiveness, enhance client satisfaction, and improve bottom lines. This is a positive step for us – and a giant leap for our shared clients.”

“By combining our offerings and our expertise with DAVID’s 25 years of experience in the alternative risk market, we will help our clients meet the evolving regulatory demands of the property and casualty payer and healthcare marketplace,” said Brandon Miller, vice president, Product Management at Ingenix.

In addition to bringing their reporting solutions together, DAVID and Ingenix have provided opportunities for clients to learn more about the implications of new CMS reporting requirements. The companies recently hosted “The Who, What, When and How of implementing Medicare Secondary Payer Standards in Your Organization,” a webinar that provided an overview of the regulations, timelines for implementation, and ways in which DAVID and Ingenix are preparing their clients to adapt to these requirements. The presentation can be downloaded here http://www.davidcorp.com/news/events/index.html. For more information contact Mary-Margaret Dale at DAVID Corporation at mdale@davidcorp.com.

About DAVID Corporation

DAVID Corporation, a pioneer in the alternative-risk market, has been providing business-improving services and process-automating software for more than a quarter of century. DAVID creates collaborative environments for all stakeholders, accommodating the necessary business rules and workflow. From underwriting to policy renewals, from first notice of claim to final settlement, DAVID works in partnership with its clients to optimize each client’s business processes and maximize efficiency and productivity. DAVID Corporation is headquartered in San Francisco, California with offices in Alpharetta, Georgia and Sacramento, California. Contact DAVID at 800-55-DAVID or visit www.davidcorp.com.

About Ingenix

Ingenix, a UnitedHealth Group (NYSE:UNH) company, is a leading provider of health information, technologies and consulting services. Organizations, institutions, businesses and government agencies that comprise the health care system depend on Ingenix solutions and insights to improve their performance. Visit www.ingenix.com for more information.