Medical Mutual of Ohio to Offer Quicken Health Expense Tracker
New Online Tool for Simplifying and Organizing Health Care
Information Available to 1.6 Million Members
CLEVELAND & MOUNTAIN VIEW, Calif. (Business Wire EON) April 10, 2008 --
Medical Mutual of Ohio will offer Intuit
Inc.’s (Nasdaq:INTU) Quicken HealthSM
Expense Tracker to its 1.6 million members.
Formerly named Quicken Health, Quicken
Health Expense Tracker is an online tool that will be available at
no extra cost to Medical Mutual members, helping them organize,
understand and efficiently manage their medical claims and bills.
“Medical Mutual continues to be a leader in
customer service,” said Bob Mau, Medical
Mutual vice president of eBusiness. “Offering
Quicken Health Expense Tracker is another cutting-edge tool that will
promote more cost-informed choices and greater satisfaction among our
members.”
The Quicken Health Group is working with Ingenix,
a leading health information technology company, to design Open
Medical Exchange, or OMX, the technology that will enable health
plans to share health care benefits and expense information with
consumers, in compliance with industry security and privacy regulations.
Expected to be in market by the end of this year, Quicken Health Expense
Tracker has performed well in recent real-world consumer tests. Results
overwhelmingly confirmed that the product addresses consumers’
most important health care financial concerns, including knowing what to
pay and why, providing insight into health care spending, helping find
and fix errors, and making tax time easier. Overall, product users
reported increased confidence in their ability to manage their health
care expenses, make better decisions and know what to do next.
Crystal Foust, from Virginia Beach, Va., had an experience typical of
many first-time users. “I love it!”
she said. “Quicken Health Expense Tracker
helps me manage my health care costs, see everything in one place and
just makes it less overwhelming. It’s a
breath of fresh air and I can’t wait for the
final product.”
The addition of Medical Mutual and the successful user test are a few of
the many significant milestones that Intuit is reaching as it moves
closer to bringing this new product to market.
“The addition of Medical Mutual of Ohio to
the growing list of health plans scheduled to offer Quicken Health
Expense Tracker is very exciting,” said Peter
Karpas, senior vice president and general manager for Intuit’s
Quicken Health Group. “Our goal is to
fundamentally change the way people manage their health care, and it
starts with forward-thinking plans like Medical Mutual.”
About Intuit Inc.
Intuit Inc. is a leading provider of business and financial management
solutions for small and mid-sized businesses; financial institutions,
including banks and credit unions; consumers and accounting
professionals. Its flagship products and services, including QuickBooks®,
Quicken® and TurboTax®
software, simplify small business management and payroll processing,
personal finance, and tax preparation and filing. ProSeries®
and Lacerte® are Intuit's leading tax
preparation software suites for professional accountants. The company’s
financial institutions division, anchored by Digital Insight, provides
on-demand banking services to help banks and credit unions serve
businesses and consumers with innovative solutions.
Founded in 1983, Intuit had annual revenue of $2.67 billion in its
fiscal year 2007. The company has approximately 8,000 employees with
major offices in the United States, Canada, the United Kingdom and other
locations. More information can be found at www.intuit.com.
About Medical Mutual of Ohio
Founded in 1934, Medical Mutual of Ohio is the oldest and largest health
insurance company based in Ohio. The company serves its customers
through high-quality, affordable group and personal health insurance
plans, and third-party administrative services to self-insured group
customers. Based in Cleveland, Medical Mutual also has offices in
Columbus, Cincinnati, Toledo, Akron, Dayton and Youngstown. For more
information, visit the company’s
award-winning Web site at www.MedMutual.com.
About Ingenix
Ingenix, a wholly owned subsidiary of UnitedHealth Group (NYSE:UNH),
transforms organizations and improves health care through information
and technology. Organizations rely on its innovative products, services
and consulting to improve the delivery and operations of their business.
More information about Ingenix can be obtained at http://www.ingenix.com.
Intuit, the Intuit logo, Quicken and Quicken Health Expense Tracker,
among others are trademarks, service marks, registered trademarks and/or
registered service marks of Intuit Inc. in the United States and other
countries. Other parties’ trademarks or
service marks are the property of their respective owners and should be
treated as such.
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