| Tēla
Sourcing, Inc. acquires HealthASPex Business
Acquisition of HealthASPex business
Expands Growth Opportunity
Baltimore,
MD - November 6, 2007 - Tēla
Sourcing, Inc. a leading BPO service provider foused exclusively
on health payers, announced it has purchased HealthASPex through
an asset sale. HealthASPex provides onshore mailroom, scanning,
EDI and PPO routing services to Third Party Administrators
(TPAs) and Preferred Provider Organizations (PPOs).
“We’ve been
seeking to expand our onshore front-end services – what
better way than through a proven relationship?” asks
Brij Sharma, Tēla’s CEO. “HealthASPex has
provided Tēla with onshore local mailroom and scanning
functions for some time and we have been very impressed with
the quality and service provided by HealthASPex.”
Tēla has been growing
steadily since 2003, with multiple onshore partners for mailroom
and scanning operations. HAX presented an opportunity to also
provide onshore front-end claims services. “We wanted
to offer a one-stop onshore and offshore solution that handled
mailroom, EDI, scanning and OCR – plus all-important
PPO routing.” explains Sharma.
Bob Carlin, President of
HealthASPex who will continue to oversee all onshore operations
for Tēla, added “Tēla has a leading position
in the healthcare outsourcing market and their ability to
consistently deliver a very high quality service in a very
cost-efficient manner has positioned them as a partner of
choice for reputed US healthcare payers. Combined with HealthASPex
onshore capabilities, Tēla will be able to deliver significant
savings for its clients and enhance their service experience.”
Sharma points out that
the acquisition will enhance current Tēla functions and
adds some key strategic benefits. Tēla continues local
partnering strategies stressing quality, economy and local
presence. Also Tēla gains another highly efficient OCR
engine and the associated source code. The deal also allows
Tēla to enhance its PPO routing capability, furthering
its competitive stance.
In addition to the
front-end offerings, Tēla offers comprehensive BPO solutions
including adjudication, enrollment, business rule configuration,
dashboard capabilities, Image Storage and Workflow solutions
that support Clients claims administration capabilities and
help them increase efficiency and reduce cost.
About Tēla
Tēla Sourcing Inc., headquartered in Baltimore, MD, is backed by
majority-owner Adaptis Inc. As a business process outsourcing (BPO) provider
based in the United States and India, Tēla's innovative service approach
includes leveraging offshore business process outsourcing and information
technology to the health insurance industry, including health payers, health
plans, third party administrators (TPA) and managed care markets. Tēla is
an ISO 9001 certified company with a fully HIPAA compliant operation center
employing more than 400 associates and currently processing approximately 24
million transactions annually. Named for the Latin word for "web," Tēla
weaves together both offshore and value-added onshore solutions while offering
customers a single point of accountability with a U.S.-based account team.
For more information,
visit http://www.tēla-usa.com/.
CONTACTS:
Tilak Sharma
Tela Sourcing Inc.
phone: 410-230 3999
e-mail: tsharma@tēla-usa.com
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