Company Agreement to Provide Systems Integration, Document Imaging, And
Related Information Technology Services
DALLAS, Jan. 20 /PRNewswire-FirstCall/ -- SOURCECORP (Nasdaq: SRCP), a
leading provider of business process outsourcing solutions in combination with
its subcontractor, ImageWork Technologies, has been selected to convert the
New York City Police Department's current paper-based medical billing and
medical records system to a paperless workflow environment, completely
revamping the way medical claims are processed and records are stored and
accessed. In conjunction with the workflow system implementation SOURCECORP
will also convert a backfile of approximately 4 million hardcopy papers to
digital image.
As the result of a rigorous procurement, SOURCECORP was chosen on the
basis of its broad experience, technical capabilities, and reasonable cost
structure.
Benefits to the NYPD will include a dramatic reduction of time required to
track, process and pay medical bills of officers treated for line-of-duty
injuries; a substantial reduction of time required to file, retrieve and
process active medical records; and the reclamation of space previously
required for records storage.
The contract has an approximate value of $1.5M.
ABOUT SOURCECORP(R)
SOURCECORP, Incorporated provides business process outsourcing solutions
to clients throughout the U.S. SOURCECORP focuses on business processes in
information-intensive industries including healthcare, legal, financial
services, government and transportation & logistics. Headquartered in Dallas,
Texas the Company has offices in 24 states and operates in approximately
40 states, Washington D.C., Mexico and both domestically and far offshore
through alliances.
SOURCECORP is a component of both the S&P SmallCap 600 Index and the
Russell 2000 Index. The Company has been cited among the Top 100 Hot Growth
Companies by BusinessWeek magazine. SOURCECORP has also been recognized twice
by Forbes magazine as one of the 200 Best Small Companies, based on return
equity, sales growth, and EPS growth, and by FORTUNE magazine as one of
America's 100 Fastest Growing Public Companies. For more information
about SOURCECORP's solutions, including case-study examples, visit
the SOURCECORP website at http://www.srcp.com .
The statements in this press release, which are not historical fact, are
forward-looking statements that involve risks and uncertainties, which could
cause actual results to differ materially from such forward-looking
statements. These forward-looking statements include, but are not limited to,
any financial estimates and projections included in this press release and the
Company disclaims any intention or obligation to update or revise such
estimates or forecasts, except as required by law. The aforementioned risks
and uncertainties include, but are not limited to, the risks of integrating
our operating companies, of managing our growth, of the timing and magnitude
of technological advances, of the occurrences of future events that could
diminish our existing customers' needs for our services, of a change in the
degree to which companies continue to outsource business processes, of the
impact to margins resulting from a change in revenue mix as well as the risks
detailed in SOURCECORP's filings with the Securities and Exchange Commission,
including without limitation, those detailed under the heading "Risk Factors"
in the Company's most recent annual report on Form 10-K. SOURCECORP disclaims
any intention or obligation to revise any forward-looking statements,
including financial estimates, whether as a result of new information, future
events, or otherwise, except as required by law.
SOURCE SOURCECORP
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Related links:
http://www.srcp.com
Company News On-Call:
http://www.prnewswire.com/comp/117986.html
CONTACT:
Mary Leos, Director, Corporate Marketing &
Communications of SOURCECORP, +1-214-740-6907
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