eSignLive and Baseline Combine Forces
Together they deliver E-Business solution to the healthcare and insurance industries and to State Government
Montreal, Quebec, Canada - June 30, 1999 — Silanis Technology Inc. announced today its partnership with Baseline Medical Inc., a company that provides objective medical evaluations to clients in the healthcare and insurance industries. The two have jointly developed a customized version of ApproveIt, Silanis Technology's leading electronic approval software to allow medical providers, insurance companies, government agencies and self-insured entities to electronically exchange signed, legally binding documents such as Independent Medical Evaluations (IMEs), insurance forms, prescriptions and other critical documents.
Shortly after Baseline acquired federal and state approval to use the software, an agreement was signed between Silanis and Baseline. Baseline purchased 10,000 licenses for ApproveItTM and began implementing the software externally in March 1999. As a result, Silanis has further strengthened its market presence and Baseline has gained a competitive advantage over other IME companies in a highly competitive, client-oriented industry.
"By teaming up with Baseline, Silanis has tapped into a niche market. We can now provide customers from the healthcare and insurance industries with an e-business solution that has been specifically designed to streamline their regulated processes," remarked Tommy Petrogiannis, President of Silanis Technology.
"With the technology we've implemented we've narrowed report turnaround time from 21 to 9.4 days. As a result, we've been able to reduce cost and increase efficiency dramatically…We needed to find a competitive edge to better service our clients and ApproveIt has helped us do that," said Andrew Herlands, President of Baseline Medical Inc.
Companies like Baseline remain competitive by providing clients with quality evaluations in the shortest possible time. Baseline was the first company of its kind to provide its clients with legally binding IMEs that had been electronically approved using ApproveIt. A need existed in the IME industry for such a remarkable product, which led Silanis and Baseline to develop one customized for the industry. In this tailor-made version of ApproveIt, Baseline acts as the Certificate Authority (CA) responsible for verifying a medical provider's professional credentials before issuing him a digital certificate, an electronic token that serves to authenticate its owner. ApproveIt then includes this certificate as part of any document that a medical provider electronically approves.
The benefits of this partnership have been significant. Doctors have increased their own productivity by electronically receiving, approving and sending IMEs. And, with ApproveIt's support of CAs, doctors also have a trusted authority to vouch for their identities as medical providers Using ApproveIt, Baseline can now provide clients with IMEs in a matter of days instead of weeks, thereby increasing customer satisfaction. The client can be assured that the signature and certificate found in the IME were validated and authenticated specifically by Baseline. They can then promptly process the original claim and send the claimant his due compensation, increasing their own customers' satisfaction. ApproveIt allows for the chain of efficiency and trust and to be maintained from one organization to another and from the organization to the individual.
Founded in 1992, Silanis Technology Inc. develops ApproveIt, the industry's first and only multi-signature electronic approval management software. Over 400 organizations use Silanis products in government, business, insurance, medical, and health care sectors, including the US Joint Chiefs of Staff, TRW, Williams Group, Nationwide Insurance, and National City Bank. Silanis software is recognized for its mature feature set, security, ease-of-use, and simple integration.
About Baseline Medical Inc.
Baseline Medical Inc. was founded in 1994 and is headquartered in New York, NY. It is in the business of providing independent medical evaluations (IMEs) to clients in the healthcare and insurance industries. Baseline has become an IME provider to some of the largest insurance carriers, self-insured corporations, government agencies and third party administrators in the United States. It recently launched SignTrust, Inc., a wholly owned subsidiary, which will be the first certificate authority to specifically serve both the healthcare and insurance industries.