Advanced Technologies for Expert Health Claims ManagementÔ

CORAL GABLES, FL, January 25, 2005 – FACTS Services, Inc. (FSI), a leading provider in healthcare payer software and service solutions announced that it has been recognized by Business Insurance Magazine (www.businessinsurance.com) as one of the industry’s top ten largest employee benefit information systems.

The November 8, 2004 weekly issue of Business Insurance listed the top ten leading employee benefit information system vendors ranked by number of installations in corporate benefit departments.  FSI was ranked ninth overall. 

“This recognition acknowledges our strong presence in this market, and our long-term viability as a leading employee benefits information systems vendor,” said Jose A. Lopez, FSI’s Vice President, Sales & Marketing. “We will continue our commitment to our products and services to position our customers for success in the markets they serve.”

The FACTS System provides advanced software and hardware solutions for healthcare payers and employee benefit administrators.  Today, the FACTS System is in operation at some of the leading health insurance and employee benefit administrators in the industry.  Used by insurance companies, TPAs, HMOs, MCOs, and self administered corporations, the FACTS System provides dynamic flexibility and seamless automation for a large variety of health plans including:

ü       Major medical health plans

ü       PPO plans

ü       POS plans

ü       Self funded plans

ü       Indemnity plans

ü       Capitated managed care plans

ü       Hybrid health plans

ü       Medicare/Medicaid plan administration

ü       Supplemental Medicare plans

ü       Dental managed care plans (DHMO)

ü       Consumer directed health plans

ü       Flex spending plans

ü       Disability plans

ü       Workers Compensation

ABOUT FSI

Since 1981, FSI is a leading provider of fully automated and integrated, high performance software and hardware solutions for healthcare payers, specializing in claims processing, employee benefits, risk management, cost containment and managed care. All FACTS products are available in a turnkey or ASP model. FSI's integrated, best-in-class technologies include systems for automatic adjudication, HIPAA, EDI, Internet, IVR, and workflow. As a single source provider servicing the full spectrum of a company's health claims management needs, FSI also provides integrated hardware options, services, training and support.

For more information on the complete line of FACTS products and services, please contact the FSI Sales Department at (305) 284-7400, sales@factsservices.com, or visit www.factsservices.com.

Visit www.businessinsurance.com for more information and access to entire report issued by Business Insurance.

Complaints regarding this press release or the information it contains can be reported to:

FACTS Services, Inc.

Attn:  Tom Pelegrin

1575 San Ignacio Ave., Suite 406

Coral Gables, FL  33146

Phone:  (305) 284-7400

Fax:  (305) 661-6710

Email:  abuse@factsservices.com

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