FOR IMMEDIATE RELEASE
EDIWatch Restructures Leadership Team
ATLANTA, GA, February 22, 2012, – EDIWatch, Inc., a leading provider of fraud, waste and abuse detection and prevention solutions for the healthcare industry announced today that it has restructured its executive leadership team. As of February 1, 2012, Paul J. Slagle, Principal and Chief Technology Officer, has assumed the role of President, while Arjomand Rahimzadeh, Principal and President has assumed the role of Chairman of the Board. As founding partners of the firm, the team has built EDIWatch from a boutique partnership to a highly respected leader in the field of healthcare fraud, waste and abuse prevention and detection. Now in its 13th year, this restructuring allows EDIWatch to better position for the future, as opportunities in this business arena continue to grow.
As President, Mr. Slagle will oversee the daily operations of the company and continue to manage corporate growth. As Chairman of the Board, Mr. Rahimzadeh will focus on the strategic vision and direction of the company. By dividing these responsibilities, the leadership at EDIWatch will continue in the spirit of partnership, while providing a sound structure for future growth. The remaining senior leadership team at EDIWatch will remain unchanged.
About EDIWatch, Inc.
A privately-held company incorporated in 1999 and headquartered in Atlanta, GA, EDIWatch is a premier provider of focused anti-fraud solutions to the healthcare payor industry. EDIWatch offers a breakthrough suite of reliable, innovative products and services to address all three objectives of an anti-fraud initiative: Detection, Recovery and Prevention. Clients include commercial health plans, Medicare Advantage plans, state Medicaid programs, and other private healthcare payers. EDIWatch solutions are used by many internal payer departments such as Medical Economics, Utilization, Internal Audit, Provider Relations, and most importantly Special Investigation Units (SIUs). These products improve interdepartmental communication and maximize productivity, efficiency and bottom-line savings. For more about EDIWatch, see http://www.ediwatch.com.
CONTACT: EDIWatch, Inc.
Russell Streur
Vice President, Data Operations
770-740-6300 ext. 375 or rstreur@ediwatch.com
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FOR IMMEDIATE RELEASE
Blue Cross of Idaho Selects EDIWatch to Help Fight Fraud
ATLANTA, GA, Oct. 12, 2011 – EDIWatch, Inc., a leading provider of fraud solutions to the healthcare industry, announced today that it has been selected by Blue Cross of Idaho to provide advanced data analytics and software tools to support the insurer’s efforts to detect and reduce fraud, waste and abuse in the state.
EDIWatch was selected after a comprehensive procurement process and has already begun working on the project. A rapid “go live” date is set for the end of 2011.
“EDIWatch supplies fraud technology and investigation services for many healthcare plans in the country but a selection by a Blue Cross plan is always a significant event for us,” said Arjomand Rahimzadeh, President of EDIWatch. “Our new partnership with Blue Cross of Idaho expands our growing presence in the West and allows us to gain new insights into how fraud hides in today’s environment. Healthcare costs continue to eat away at the wallets of businesses and employees, which threatens its affordability for many. Our focus remains on the appropriate use of technology to empower our partners in their mission in order to enable them in achieving their goals. We’re delighted to be part of the team tackling this important issue in Idaho.”
About EDIWatch, Inc.
A privately-held company incorporated in 1999 and headquartered in Atlanta, GA, EDIWatch is a premier provider of focused fraud solutions to the healthcare payor industry. EDIWatch offers a breakthrough suite of reliable, innovative products and services that address all three objectives of a fraud initiative: Detection, Recovery and Prevention. Clients including Blue Cross plans, HMOs and State and Managed Care Medicaid payors use these solutions in medical economics, internal audit and provider relations departments as well as investigation units to improve productivity, efficiency and interdepartmental communication in order to maximize bottom-line savings. For more about EDIWatch, visit http://www.ediwatch.com.
About Blue Cross of Idaho
Blue Cross of Idaho, a not-for-profit mutual insurance company, is a leader in delivering innovative health insurance products, services and information to more than 650,000 members. For 65 years, the company has served its customers by offering health insurance at a competitive price and has served the people of Idaho through support of community organizations, programs and events that promote good health. Blue Cross of Idaho is an independent licensee of the Blue Cross and Blue Shield Association. For more information, visit https://www.bcidaho.com.
CONTACT: EDIWatch, Inc.
Russell Streur, Vice President, Data Operations
770-740-6300 ext. 375 or rstreur@ediwatch.com
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FOR IMMEDIATE RELEASE
EDIWatch Joins Arizona’s Fight Against Medicaid Fraud:
ATLANTA, GA, January 25, 2011 – EDIWatch, Inc., a leading provider of anti-fraud solutions to the healthcare industry and The Arizona Medicaid Agency, Arizona Health Care Cost Containment System (AHCCCS), Office of Inspector General are pleased to announce the signing of a three-year contract. The contract will provide a software system that will enable investigators and auditors to analyze detailed claims in order to spotlight patterns of suspicious behavior. AHCCCS is committed to providing affordable healthcare to citizens at the lowest cost to taxpayers. Combating fraud, waste and mismanagement through the use of technology is one way to control costs.
EDIWatch was selected after a comprehensive procurement process and has already begun working on the project. AHCCCS plans to implement EDIWatch’s Intelligent Investigator and Trail Tracker products statewide in early 2011.
“EDIWatch already provides anti-fraud technology to a significant portion of the country’s Medicaid managed care organizations,” said Arjomand Rahimzadeh, President of EDIWatch. “This new partnership with AHCCCS will allow us to greatly expand our offering in the public-paying sector. Our focus will continue to be on developing cutting-edge technologies that enable our partners to achieve their overall goals. With Medicaid costs stretching state budgets past the breaking point, we are delighted to be a vital part of the solution to this critical issue in Arizona.”
About EDIWatch, Inc.
EDIWatch, a privately-held company incorporated in 1999 and headquartered in Atlanta, GA, is one of the premier providers of focused anti-fraud solutions to the healthcare payor industry. EDIWatch offers a breakthrough suite of reliable, innovative products and services that address all three objectives of an anti-fraud initiative: detection, recovery and prevention. Active clients include commercial health insurance plans, health maintenance organizations and Medicare/Medicaid managed care organizations. EDIWatch solutions improve productivity, efficiency, interdepartmental communication and maximize bottom-line savings. For more about EDIWatch, visit www.ediwatch.com.
CONTACT: EDIWatch
Victor Sanchez, Executive Vice President
770-740-6300 or vsanchez@ediwatch.com
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