Health & Fitness
Health and Fitness
Health and Fitness
Fri, June 4, 2010
Thu, June 3, 2010 OptionEase Provides Ancillary Care Services With Comprehensive Equity Administration and Reporting
SAN JUAN CAPISTRANO, CA--(Marketwire - June 3, 2010) - OptionEase, Inc., the leader in on-demand software-as-a-service (SaaS) applications for fair-market-value accounting and compliance, today announced that American CareSource Holdings, Inc., (d/b/a Ancillary Care Services) (
Prior to implementing OptionEase, ACS relied upon a legacy, on-premise software application that delivered reports via Microsoft Excel spreadsheets. The Company chose OptionEase for its intuitive user interface and prompt, reliable, U.S.-based support service.
"The value is that I can solve a problem within minutes because viewing and accessing data is so much easier with OptionEase," said Matt Kelso, Financial Planning and Analysis manager of Ancillary Care Services. "The price point was also attractive."
OptionEase has more than 400 customers worldwide who rely on their application to manage complex equity administration, regulatory compliance and address audit requirements. With a 98 percent customer retention rate, OptionEase helps clients across a broad number of industries to save time and money while addressing critical requirements.
"ACS, like many other small- to mid-sized businesses, found that hosting an audit solution onsite without adequate support did not meet its compliance needs," said Eric Kupferberg, president and co-founder of OptionEase. "At the core of our company is an expert, dedicated team that enables our customers to quickly and reliably roll out our superior technology via a secure web-based application to achieve ongoing audit readiness and accounting compliance."
About OptionEase, Inc.
OptionEase ([ www.optionease.com ]) is leading the evolution of SaaS-delivered regulatory applications in the highly complex governance, risk and compliance (GRC) marketplace. The company's first product was designed specifically for audit compliance under FAS 123® (ASC Topic 718) and now encompasses a full suite of end-to-end equity management tools. This SAS 70 Level II certified solution "standardizes compliance" and enables secure collaboration across multiple constituents, allowing clients to focus on strategic business functions. More than 400 private VC-funded and large multi-national public corporations rely on OptionEase's solutions and service to comply with financial and regulatory reporting requirements under FAS, SEC and IASB. OptionEase is located in San Juan Capistrano, Calif. and funded by venture capital and private equity.
About American CareSource Holdings, Inc.
American CareSource Holdings, the first national, publicly traded ancillary care network services company, offers cost-effective alternatives to physician and hospital-based services through its national network of 4,300 ancillary service providers at over 33,000 sites, through its subsidiary, Ancillary Care Services. Ancillary Care Services provides ancillary health care services through its network that offers cost effective alternatives to physician and hospital-based services. This market is estimated at $574 billion and has grown to 30% of total national health expenditures. These providers offer services in 31 categories including laboratories, dialysis centers, free-standing diagnostic imaging centers, non-hospital surgery centers, as well as durable medical equipment such as orthotics and prosthetics and others. The Company's ancillary network and management provides a complete outsourced solution for a wide variety of health care payers and plan sponsors including self-insured employers, indemnity insurers, PPOs, HMOs, third party administrators and both federal and local governments. For additional information, please visit [ http://www.anci-care.com ].
This press release may include forward-looking statements, including statements regarding the company's product development plans, which are subject to change. The actual results may differ materially from those described in any forward-looking statement.
