ROLLING MEADOWS, Ill.,
Feb. 12, 2013 /PRNewswire/
-- Quadrant 4 Systems Corporation (OTCQB: QFOR) today
announced that it had completed the integration of its recently
acquired empowHR product for benefits management with QHIX, its
cloud based Private Health Insurance Exchange platform.
Features of this new integrated platform include:
- Ability to display and select several employee benefit options
including health insurance on a private exchange basis for employee
purchase
- Integration of the private exchange with all employer sponsored
insurance and benefits as well as work-site benefit products for
enrollment, communication and administration
- Agency portal for management and administration of multiple
client types incorporating insurance, employee benefits and
financial services into a single platform
- Employer portal for managing insurance, employee benefits,
human resources, financial services and integration with third
party product providers such as payroll systems, human resource
systems, and/or other administrators
- Employee portal for managing all benefit programs, change of
family status and any employer required activity for on-boarding,
off-boarding, training, time and attendance
With this major milestone completed, Q4 Healthcare Solutions has
begun to engage in several strategic partnership conversations
across the country with several large regional brokers. The
brokers targeted for these partnerships include those brokers that
understand the changing landscape as well as the strategic and
incremental revenue opportunities available to them going
forward.
Dhru Desai, Chairman of the board
of Q4 stated, "Benefits brokers are under considerable financial
pressure as health insurance companies have begun to cut
commissions in advance of the upcoming impacts of the Affordable
Care Act. With the Q4 Healthcare Solutions new integrated
empowHR platform, we can help the broker evolve the their business
model from a transactional quote gatherer to a true strategic
healthcare and benefits partners for their mid-cap and small-cap
employers clients."
Added Robert Steele, Q4 Senior
Vice President of Sales, "With the road to regulated retail for
employee benefits, new large and large market opportunities exist
for benefits brokers. Given their significant number of
business relationships with small and mid-cap employer clients,
brokers are uniquely position to help their employer clients - many
of whom are struggling to navigate the rapidly changing healthcare
insurance and benefits space. The new Q4 platform will give
the brokers and their end customers' benefits shopping and
management capability normally found at Fortune 500
companies. In fact, I believe that brokers will actually be
able to grow their revenues through incremental sales despite
declining commissions from the health insurance companies."
For more information, please contact:
Jim Anfield
Vice President, Business Development
Q4 Healthcare Solutions
Jim.anfield@quadrantfour.com
About Quadrant 4 Systems Corporation
Quadrant 4
Systems Corporation delivers end-to-end information technology
solutions to its clients through a unique blend of product
solutions, consulting, software development & maintenance,
cloud based products and technology from its global delivery
centers. The company currently focuses on the Healthcare, Financial
Services, IT Consulting, and Retail sectors. The company
plans to enhance it positions and technical strength through
acquisition of other IT enabled and managed services sector and
cloud based services through business acquisitions and/or
combination opportunities in the near future to further execute its
articulated business strategy.
Forward-Looking Statements
This release
contains forward-looking statements which are subject to the
inherent uncertainties in predicting future results and conditions.
Any statements that are not statements of historical fact
(including statements containing the words "believes," "plans,"
"anticipate," "expects," "estimates," and similar expressions)
should be considered to be forward-looking statements, within the
meaning of Section 27A of the Securities Act of 1933, and Section
21E of the Exchange Act of 1934, as each is amended, for which the
Private Securities Litigation Reform Act of 1995 provides a safe
harbor. Certain factors (including but not limited to those risk
factors identified from time to time in our filings with the
Securities and Exchange Commission as well as changes in economic
conditions; outcome of negotiations; changes in the Company's
access to necessary capital; outcome of litigation; volatility of
capital markets; variability and timing of business opportunities;
changes in accounting policies and practices; the effects of
internal organizational changes; adverse state and federal
regulation and legislation; and the occurrence of extraordinary or
catastrophic events and terrorist acts; or other unforeseen changes
in circumstances) could cause actual results and conditions to
differ materially from those projected in such forward-looking
statements. We do not undertake any obligation to release publicly
revised or updated forward-looking information, and such
information included in this release is based on information
currently available and may not be reliable after this
date.
SOURCE Quadrant 4 Systems Corporation