Connect with us

Hi, what are you looking for?

New Products

KARVY Global Services Announces Launch of its Transaction Processing Outsourcing Services

Healthia Awards KARVY Global Services the Contract for Data Processing in the Healthcare Industry
Hyderabad, India and Sunnyvale, CA — (January 24, 2006) — KARVY Global Services Limited, the Business Process and Knowledge Process Outsourcing subsidiary of KARVY, the largest non-banking financial institution in India, today officially launched its Transaction Processing Outsourcing (TPO) unit with the announcement of its first client in the healthcare industry.

The Client, Healthia, is the U.S.A.’s first integrated comparison-shopping portal for healthcare products and services. Today Healthia is launching a comprehensive website (www.healthia.com) that allows businesses and consumers to research and rate health insurance plans, Health Savings Accounts (HSAs) and doctors across North America. Healthia’s portal will save American consumers thousands of dollars by providing information consumers need to “shop around” for health services.
According to terms of the agreement, KARVY Global Services is building a Healthcare Savings Account (HSA) and health insurance plan database for Healthia, a US-based comparison-shopping portal for healthcare and HSA service providers.
“More and more companies are recognizing the value for outsourcing their transaction processing services,” said ARthur Flew, CEO of KARVY Global Services. “With our team’s deep experience in the healthcare and insurance industries, working with companies such as Aetna, Blue Cross Blue Shield and New York Life, it only made sense to concentrate on this market as our next area of focus. We are very proud to announce Healthia as our first client in this area.”

KARVY Global Services’ Transaction Processing Outsourcing (TPO) unit covers the entire spectrum of back office processing for insurance services ranging from policy administration to claims processing for life (including pensions and annuities) and non-life (property and casualty) policies. Services include policy administration services (endorsements, cancellations, renewals, expirations), billing services (premiums, invoicing, payment plans, reconciliation), recovery services (subrogation, premium and dues collection) as well as audit and reporting services (reviews, statement audits, data management, statutory and regulatory reporting).

About KARVY Global Services

KARVY Global Services Limited is the Business Process (BPO) and Knowledge Process Outsourcing (KPO) subsidiary, of KARVY, the largest non-banking financial services institution in India. KARVY is ranked in India as the number one registrar, the number two depository participant, one of the top five brokers and the number five investment bank.

With a combined capacity of 3200 seats, KARVY Global Services provides a full range of services including Finance and Accounting Outsourcing (FAO — process management, end-to-end accounting, taxation, analysis and reporting), Transaction Processing Outsourcing (TPO — data capture, data processing, administration, customer services), Knowledge Processing Outsourcing (KPO) investment analytics, CRM analytics, SCM analytics, market research), Human Resources Outsourcing (HRO — payroll management, benefit management, records management, compliance and reporting) and Voice and Technology Support Services (inbound calling, outbound calling, transcription and technology support). KGS has its India headquarters and three operations centers in Hyderabad, India, and its U.S. headquarters in New York City with offices in India, New York, California, London and Toronto. Additional information on KARVY Global Services can be found at www.KARVYGlobal.com.
About Healthia
Healthia (www.healthia.com) is the U.S.A.’s first practical comparison-shopping website for healthcare products and services. Healthia’s comprehensive website lets businesses and consumers research, rate and shop for insurance plans, health savings accounts and doctors across North America. Funded by Bessemer Venture Partners and founded by industry veterans from WebMD and Valicert, Healthia can save the average American consumer thousands of dollars by helping them “shop around” for healthcare — just like they do for other big expenditures.
###

Advertisement. Scroll to continue reading.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Advertisement

Latest Products

Audio-Technica ATH-ADX3000 Open-back Headphones

New Products

At $999, the Audio-Technica AT-ADX3000 open-back headphones use the same driver technology as its flagship AT-ADX5000.

TEAC HA-507 Analog Headphone Amplifier/Preamp Front Top Silver TEAC HA-507 Analog Headphone Amplifier/Preamp Front Top Silver

Headphone Amps

At $1,999, the Technics HA-507 is a pure analog headphone amplifier and preamplifier with a balanced/dual mono configuration.

Ruark Audio R-CD100 CD Transport atop R410 Music System Ruark Audio R-CD100 CD Transport atop R410 Music System

CD Players

Add CD playback to the Ruark R410, R610 and R810 music systems for only $350 with the new R-CD100 CD Transport.

Wharfedale Super Linton Speaker Lifestyle Wharfedale Super Linton Speaker Lifestyle

Bookshelf Speakers

Wharfedale elevates its loudspeaker line with the Super Linton. Find out what the deal is.

Vizio MicMe Karaoke Soundbar Lifestyle with Singer Vizio MicMe Karaoke Soundbar Lifestyle with Singer

New Products

At $349, the Vizio MicMe soundbar comes with two wireless mics for karaoke to turn any evening into a party

beyerdynamic DT 1770 PRO MKII and DT 1990 PRO MKII Headphones beyerdynamic DT 1770 PRO MKII and DT 1990 PRO MKII Headphones

New Products

At $599 each, Beyerdynamic's 2nd generation studio headphones arrive in closed-back or open-back styles with new TESLA.45 driver and lower impedance at 30 ohms.

Gift Ideas?

Splurge Gift Guide for Hi-Fi Audio and Home Theater during Holiday 2024

Gift Guides

Share the love of music and movies with hi-fi audio and home theater gift ideas that are guaranteed to impress.

You May Also Like

Advertisement

ecoustics is a hi-fi and music magazine offering product reviews, podcasts, news and advice for aspiring audiophiles, home theater enthusiasts and headphone hipsters. Read more

Copyright © 1999-2024 ecoustics | Disclaimer: We may earn a commission when you buy through links on our site.



SVS Bluesound PSB Speakers NAD Cambridge Audio Q Acoustics Denon Marantz Focal Naim Audio RSL Speakers