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Press Release
Editorial Contact:
Cynthia Chow
925-242-4600
Valley Oak Systems Receives E-Fusion Finalist Award in Claims Management
iVOS® Praised for Business Value and Benefits in Insurance Claims Process
San Ramon, CA - November 17, 2005 —
Valley Oak Systems Inc., a national provider of claims management software, services, and
support, was recognized as a finalist in the E-Fusion Insurance and Technology Award in the
claims management category. The company's flagship product, iVOS, a leading browser-based
"one-system" claims management solution, was recognized for its business value, technological
innovation, and the significant benefits it has provided insurance organizations.
The E-Fusion Awards recognize innovative, business-focused uses of
technology in actual use by insurers. The emphasis was on the business reasoning that gave birth
to each project and the results that were generated. Award finalists showcased their projects at
the E-Fusion conference, where an extensive three-day judging process took place.
"By working closely with our clients, we have come to understand and address their most pressing
business challenges," said Randy Wheeler, CEO and founder. "With its innovative design, iVOS
enables clients to move from outdated modes of operation to a new paradigm of claims automation
and intelligence. By leveraging our system's enterprise-wide connectivity and workflow
management tools, many insurance organizations have re-engineered their operations and
experienced phenomenal success in improving their costs, outcomes, and service."
In the E-Fusion Award presentation and demonstration, Valley Oak Systems highlighted several
successful clients, including an insurer that achieved paperless claims processing and improved
web-based services to constituents; a non-profit hospital system that reduced its workers'
compensation funding by 40 percent; a hospitality client that saved millions of dollars through
an integrated medical and pharmacy management program, and a municipality that anticipated
annualized savings of $4.5 million through improved operations.
By allowing clients to reach their goals and achieve a return on investment, Valley Oak Systems
has also achieved tremendous success, growing at the phenomenal rate of 493 percent in the last
three years and continuing to be recognized by associations like E-Fusion for their
contributions to the insurance industry.
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Kevin Confetti