IFOX Infocrossing (MM)

Infocrossing, Inc. (NASDAQ:IFOX), a provider of selective IT infrastructure, enterprise application and business process outsourcing services, today announced the introduction of Q/Advantage, a Medicare prescription drug coverage and premium billing solution for Medicare Advantage and Part D plans. The outsourced solution streamlines the enrollment and day-to-day business process for a wide variety of healthcare payers, including managed care organizations, PDPs, HMOs, PPOs, Medicaid programs and indemnity plans. The Q/Advantage product supports the administration of Medicare Advantage and Part D Plans. Q/Advantage leverages the rules-based, table-driven architecture of Infocrossing�s Q/Care health plan and payer management solution to split off specific functionality into a single integrated customized offering that addresses pharmacy benefit management. Infocrossing offers Q/Advantage as either a standalone service or as an integrated solution that complements its Q/Care claims management services. The seven Q/Advantage modules include: Eligibility and Enrollment Services Made Simple�Infocrossing provides eligibility and enrollment services under an agreement with the Center for Medicare and Medicaid Services (CMS). Under the agreement, CMS transmits and extracts from the Medicare Beneficiary Database to Infocrossing Healthcare Services on a bi-weekly basis. This extract provides the eligibility information required to successfully enroll members. Infocrossing Healthcare Services makes the information available to its healthcare plan clients in a format each plan can immediately use. Premium Billing & Reconciliation�Medicare Advantage and Part D plans require a robust billing solution due to the new payment options and cost sharing. Q/Advantage provides the capability to split premium billing invoices automatically to accommodate low income subsidies and late enrollment penalties. Payments from the beneficiary and CMS are then applied to the invoices. The system automatically updates billing payment option changes based on the Transaction Reply Report provided by CMS. Healthcare plans also benefit from the system�s ability to automatically produce delinquency letters, flexible invoice scheduling, a variety of payment options including Social Security withhold, automatic deduction from the beneficiary�s checking or savings account, and flexible general ledger extracts. Infocrossing�s infrastructure supports high volume processing that is required for healthcare plans. Correspondence�Based upon CMS correspondence requirements, letters can be generated using a unique combination of beneficiary status codes, TRC codes, and other CMS responses. The plans can create user-defined letter templates with embedded Q/Advantage variable data or free form text to accommodate CMS correspondence requirements. An online correspondence log file allows users to view or reprint letters. Search capabilities allow the user to view letters by letter ID, date, or member ID. Customer Service�Q/Advantage tracks responsiveness to inquiries, problems and grievances for employer groups, providers, members and special documents. Users are allowed unlimited comments, online audit trails, and automatic letter and ID card generation. Employer/Enrollment Groups�Identifies employer groups and their unique coverage options, such as network access, benefit coverage, and other payment calculations; enables the tailoring of multiple products, including Medicaid MCO, commercial and TPA; and allows employer groups to control product portfolios. Q/Advantage is extremely flexible and this �group� concept is used to establish rules that define benefit plans offered by the healthcare plan. Q/Advantage can interface with other systems to track member and group eligibility and member benefits usage. �With Q/Advantage, Infocrossing Healthcare Services takes over and effectively manages the member from eligibility and enrollment to billing and payment reconciliation, so that our customers, health plans and healthcare claims payers can focus on the delivery of healthcare instead of back-office business processes,� said Art Miller, president of Infocrossing Healthcare Services. �While Medicare is changing every day, we have the expertise to make life easier for our customers. Infocrossing knows not only how to tailor custom solutions to address specific needs, but we have established best practices from working with more than 300 Medicare Advantage and Part D plans. With this expertise, we get our Medicare Part D customers up and running in the shortest timeframe possible, while streamlining the process for real cost savings and efficiency.� About Infocrossing Healthcare Services, Inc.�s Medicare Support Services Infocrossing Healthcare Services, Inc. provides managed care companies with an online, real-time system for reconciling CMS capitation payments. More than 150 managed care companies and pharmacy benefit organizations now use Infocrossing Healthcare Services, Inc.�s solutions. The Infocrossing Medicare Support Services are supported by Infocrossing�s five data centers located across the United States, which ensure the availability, scalability, reliability and redundancy of the offering. More information about Infocrossing Healthcare Services, Inc. can be found at www.infocrossing.com/healthcare. About Infocrossing (www.infocrossing.com) Infocrossing, Inc. (NASDAQ:IFOX) is a provider of selective IT infrastructure, enterprise application and business process outsourcing services delivering the computing platforms and proprietary systems that enable companies, regardless of industry, to process data and share information within their business, and between their customers, suppliers and distribution channels. Leading companies leverage Infocrossing�s robust computing infrastructure, skilled technical team, and process-driven operations to reduce costs and improve service delivery by outsourcing the operation of mainframes, mid-range, open system servers, networks and business processes to Infocrossing. Safe Harbor Statement This release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. As such, final results could differ from estimates or expectations due to risks and uncertainties, including, but not limited to: incomplete or preliminary information; changes in government regulations and policies; continued acceptance of the Company's products and services in the marketplace; competitive factors; closing contracts with new customers and renewing contracts with existing customers on favorable terms; expanding services to existing customers; new products; technological changes; the Company's dependence upon third-party suppliers; intellectual property rights; difficulties with the identification, completion, and integration of acquisitions; and other risks. For any of these factors, the Company claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, as amended.