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TMCNet:  Verint Solutions Support Insurers in Pursuit of Improved Member Experiences in Association with the Affordable Care Act

[December 18, 2013]

Verint Solutions Support Insurers in Pursuit of Improved Member Experiences in Association with the Affordable Care Act

MELVILLE, N.Y. --(Business Wire)--

Verint® Systems Inc. (NASDAQ: VRNT) today announced demand for its enterprise workforce optimization (WFO) solutions to help insurers manage the member experience surrounding the Patient Protection and Affordable Care Act. The Affordable Care Act (ACA) portion of the legislation is placing more focus on individual members, which raises the significance of improving the member experience as a gauge on long-term success. Verint's (News - Alert) Impact 360® Workforce Optimization suite helps insurers better manage and navigate ACA requirements.

One healthcare services customer has already expanded its investment in Verint software and services in connection with its preparation for the Affordable Care Act by deploying Impact 360 Workforce Optimization. This includes functionality such as recording, quality monitoring, speech analytics, text analytics and desktop analytics. According to a U.S. News & World Report list of top healthcare insurance companies, 15 of the 25 listed are Verint customers.1

Today's healthcare insurers have a myriad of requisites related to maintaining and improving service experiences. For existing members that have questions and for the contact centers on the receiving end of a growing number of queries, insurers want to alleviate and address concerns, and equip their member experience staff to do so effectively. For new members through the health insurance marketplaces, insurers are looking to impart confidence among members in their healthcare selections and reinforce they will be well served. Regardless of whether members are existing or new, these insurance organizations are keen to create and deliver timely, informative and high-caliber experiences to members today and over the long term.

"Healthcare insurers must address the opportunities and challenges related to the Affordable Care Act, and Verint has the tools to help these organizations," says Nancy Treaster, senior vice president and general manager, strategic operations, Verint Enterprise Intelligence Solutions. "Insurers will need to listen intently to members across a wide range of communications channels, carefully analyze gathered intelligence, and then use that insight to make improvements that better serve and meet member requirements. Those most successful at making the transition to member-centric models will be well positioned to gain competitive advantage and greater confidence."

Verint solutions support Voice of the Member initiatives by helping provide healthcare insurers with holistic, end-to-end insight into member interactions and experiences. Its software and services can help insurers become more member-centric, enable them to better understand the changing dynamics in their membership and avoid member churn. Armed with the right tools, they can not only create positive member experiences, but also improve operational efficiency. Further, they can help adjust internal processes, improve workforce performance, enable faster decisions and connect member service operations more tightly with the rest of the organization.

Verint offers solutions to meet the needs of healthcare�providers and insurers�of all sizes. Its offerings include:

  • Impact 360 Workforce Optimization to enhance service and performance across the areas of the organization that can impact the patient/member experience, including contact center and back-office operations.
  • Impact 360 Quality Monitoring to help ensure the ongoing quality of patient/member service.
  • Impact 360 PCI and Recording Encryption solutions for helping maintain data privacy in recorded interactions.
  • Impact 360 Desktop and Process Analytics for providing visibility into processes and identifying variances that can impact costs and efficiency in the contact center and back-office departments.
  • Verint Voice of the Customer Analytics® for mining patient and community interactions and sentiments across the phone, web, email, social media and more. This includes Enterprise Feedback Management (EFM), Verint's enterprise survey platform that can help providers and insurers gain a complete view into customers and employees.

Click to learn more about how WFO and Voice of the Customer solutions can help improve member experiences in association with the Affordable Care Act. To watch the on-demand webcast "Managing the Member Experience," registration is quick and easy by starting here.

About Verint Enterprise Intelligence Solutions

Verint® Enterprise Intelligence Solutions help organizations of all sizes capture and analyze customer interactions, sentiments and trends across multiple channels, improve performance and optimize the customer experience. The solution portfolio includes the Impact 360® Workforce Optimization suite and Voice of the Customer software, which serve as strategic enterprise assets for increasing customer satisfaction and loyalty, enhancing products and services, reducing operating costs and driving revenue.

About Verint Systems

Verint® (NASDAQ: VRNT) is a global leader in Actionable Intelligence® solutions. Its portfolio of Enterprise Intelligence Solutions and Security Intelligence Solutions helps organizations Make Big Data Actionable through the ability to capture, analyze and act on large volumes of rich, complex and often underused information sources-such as voice, video and unstructured text. With Verint solutions and value-added services, organizations of all sizes can make more timely and effective decisions. Today, more than 10,000 organizations in over 150 countries, including over 80 percent of the Fortune 100, count on Verint solutions to improve enterprise performance and make the world a safer place. Headquartered in NY, Verint has offices worldwide and an extensive global partner network. Learn more at www.verint.com.

This press release contains forward-looking statements, including statements regarding expectations, predictions, views, opportunities, plans, strategies, beliefs, and statements of similar effect relating to Verint Systems Inc. These forward-looking statements are not guarantees of future performance and they are based on management's expectations that involve a number of risks and uncertainties, any of which could cause actual results to differ materially from those expressed in or implied by the forward-looking statements. For a detailed discussion of these risk factors, see our Annual Report on Form 10-K for the fiscal year ended January 31, 2013 and our Quarterly Report on Form 10-Q for the quarter ended October 31, 2013 and other filings we make with the SEC (News - Alert). The forward-looking statements contained in this press release are made as of the date of this press release and, except as required by law, the Company assumes no obligation to update or revise them or to provide reasons why actual results may differ.

VERINT, ACTIONABLE INTELLIGENCE, MAKE BIG DATA ACTIONABLE, CUSTOMER-INSPIRED EXCELLENCE, INTELLIGENCE IN ACTION, IMPACT 360, WITNESS, VERINT VERIFIED, VOVICI, GMT, AUDIOLOG, ENTERPRISE INTELLIGENCE SOLUTIONS, SECURITY INTELLIGENCE SOLUTIONS, VOICE OF THE CUSTOMER ANALYTICS, NEXTIVA, EDGEVR, RELIANT, VANTAGE, STAR (News - Alert)-GATE, ENGAGE, CYBERVISION, FOCALINFO, SUNTECH, and VIGIA are trademarks or registered trademarks of Verint Systems Inc. or its subsidiaries. Other trademarks mentioned are the property of their respective owners.

1 U.S. News & World Report, "The Top 25 Health Insurance Companies," 2009-2011


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