FORT LAUDERDALE, Fla.,
Jan. 6, 2016 /PRNewswire/
-- Patriot Technology Solutions, Inc. (PatTech), a subsidiary
of Patriot National, Inc. (NYSE: PN), today announced that Missouri
Employers Mutual (MEM), Missouri's largest provider of workers'
compensation insurance, has signed definitive agreements to
implement PatTech's SaaS insurance value chain software suite to
replace and modernize its current technology systems.
PatTech's SaaS insurance value chain software suite includes
QuoteExpert, PolicyExpert, BillingExpert, ClaimsExpert,
ReinsuranceExpert, Agency Portal, Customer/Policyholder Portal,
Claimant Portal, Business Partner Portal, DecisionUR utilization
review and InsurePay pay-as-you-go modules. Implementation of the
new system is expected to begin in February
2016 and the agreement will extend for a minimum of five
years.
MEM CEO Jim Owen said, "Modernizing our current technology with
PatTech's InsuranceExpert solution should provide us and our
partners with industry leading functionality in a truly integrated
platform. PatTech's solution will give us the tools we need
to help save lives through safe workplaces, which is MEM's ultimate
goal."
"We are pleased that MEM has chosen our industry leading
technology solutions that will help drive efficiency and reduce
servicing costs while at the same time help MEM deliver the
exceptional customer service for which they are known," said Steven
M. Mariano, CEO of Patriot National.
"We take pride in delivering innovative, market-driven and
cost-effective technology solutions to the property & casualty
market," said Judith Haddad, President of PatTech. "Our web-based
user interface was designed specifically for insurance
professionals and leverages the latest trends in usability, visual
design, and human factors engineering."
"We look forward to working with MEM to streamline, standardize,
and efficiently manage their day-to-day activities," said Sandeep
Mehta, CTO of PatTech.
About Missouri
Employers Mutual
MEM is a safety company that provides workers compensation
insurance. MEM helps policyholders eliminate injuries and reduce
claims costs to protect people and their bottom lines.
Headquartered in Columbia, Mo.,
with offices in Springfield,
Kansas City and St. Louis, MEM is dedicated to providing
policyholders with exceptional customer service, quality loss
prevention expertise and timely, personal claims management. For
more information on MEM—Missouri's No. 1 provider of workers
compensation insurance—visit www.mem-ins.com.
About Patriot Technology Solutions, Inc.
Patriot Technology Solutions (PatTech), a wholly-owned
subsidiary of Patriot National, is a leading provider of technology
solutions for the property and casualty insurance industry. PatTech
delivers a full core insurance suite solution with implementation
expertise, combining professional consulting services and
enterprise data analytics with a cloud-based SaaS model. PatTech
delivers solutions that provide carriers with premium growth, and
policyholder retention, while lowering their cost of acquisition
and reducing their overall servicing cost. Patriot Technology
Solutions is headquartered in Fort
Lauderdale, Florida with offices worldwide. For more
information about PatTech, please visit www.ptsglobal.com.
About Patriot National
Patriot National, Inc. is a national provider of comprehensive
technology and outsourcing solutions that help insurance companies
and employers mitigate risk, comply with complex regulations and
save time and money. Patriot National provides general agency
services, technology outsourcing, software solutions, specialty
underwriting and policyholder services, claims administration
services, self-funded health plans and employment pre-screening
services to its insurance carrier clients, employers and other
clients. Patriot National is headquartered in Fort Lauderdale, Florida. For more
information about Patriot National, please visit
www.patnat.com.
Forward Looking Statements
This press release may include statements that may be deemed to
be forward-looking statements. Words such as "may," "will,"
"should," "likely," "anticipates," "expects," "intends," "plans,"
"projects," "believes," "estimates," "positioned," "outlook,"
"Guidance," and similar expressions are used to identify these
forward-looking statements. By their nature, forward-looking
statements involve risks and uncertainties, and there are important
factors that could cause actual results to differ materially from
those indicated in these statements. For example, our
solutions may not perform as anticipated, as well as those matters
contained in our filings with the Securities and Exchange
Commission. Although we base these forward-looking statements on
assumptions that we believe are reasonable when made, we caution
you that forward-looking statements are not guarantees of future
performance or events and that results may differ materially from
statements made in or suggested by the forward-looking statements
contained in this press release. Any forward-looking statement that
we may make in this press release speaks only as of the date of
such statement, and we undertake no obligation to update any
forward-looking statement or to publicly announce the results of
any revision to any of those statements to reflect future events or
developments.
Media and Investor Contacts:
Julie MacMedan (310) 622-8242
Paige Hart (310) 622-8244
Financial Profiles, Inc.
PatriotNational@finprofiles.com
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SOURCE Patriot National, Inc.