UMB Healthcare Services Named 2010 Model Bank by Celent
May 13 2010 - 10:47AM
Business Wire
UMB Healthcare Services, a division of UMB Financial Corporation
(NASDAQ: UMBF), announces today that it has received a 2010 Model
Bank Award in the product development category from Celent, a
research and consulting firm focused on the application of
information technology in the global financial services
industry.
UMB Healthcare Services was named a Model Bank for its
Healthcare Exchange™, a unique integrated claims reimbursement
portal that enables clients to work directly with UMB for their
claims and reimbursement needs.
“We are honored to be recognized by Celent for our Healthcare
Exchange™ product. This is truly an innovative service that allows
payers to streamline processes, while improving customer service
and satisfaction,” said Dennis Triplett, CEO of UMB Healthcare
Services.
Celent’s Model Bank research aims to answer the question: "What
would it look like for a bank to do everything right with today's
technology?" UMB is among 18 financial institutions around the
globe being recognized this year. The award was presented at
Celent’s Innovation and Insight Day today in New York City.
"Celent is pleased to present UMB Healthcare Services with this
award," said Jacob Jegher, senior analyst with Celent's Banking
Group and author of the report. "Among the many excellent
nominations this year, UMB was selected for its ability to
integrate both financial and explanation of benefit information
into a single portal while creating a more efficient process for
payers.”
UMB Healthcare Services’ case study for the Healthcare Exchange™
is featured in Celent’s 2010 Model Bank report, available at
www.celent.com.
Since the inception of Medical Savings Accounts in the late
1990s, UMB Healthcare Services has been a financial services leader
in the healthcare market place. Today, UMB supports HSAs, FSAs
and HRAs, and in conjunction with First Data Corporation was the
first banking partner to provide multi-purpose card technology to
the health care industry.
About
UMB:
UMB Financial Corporation (NASDAQ: UMBF) is a financial services
holding company headquartered in Kansas City, Mo., offering
complete banking, asset management, health spending solutions and
related financial services to both individual and business
customers nationwide. Its banking subsidiaries own and operate 135
banking centers throughout Missouri, Illinois, Colorado, Kansas,
Oklahoma, Nebraska and Arizona. Subsidiaries of the holding company
and the lead bank, UMB Bank, n.a., include mutual fund and
alternative investment services groups, single-purpose companies
that deal with brokerage services and insurance, and a registered
investment advisor that manages the company’s proprietary mutual
funds and investment advisory accounts for institutional customers.
For more information, visit umb.com or follow us on Twitter at
@UMBFinancial.
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