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BASKING RIDGE, N.J., Oct. 17, 2006 -- Hooper Holmes, Inc. (AMEX:HH), a premier provider of underwriting health information services, today introduced Hooper IntelliScript, a web-based prescription history service for insurers in the life insurance and property and casualty industries. This new service reflects a strategic alliance between Milliman, a leading actuarial and business management consulting firm, and Hooper Holmes to meet the needs of the insurance industry for fast and accurate prescription information.
Hooper IntelliScript provides access to prescription drug histories from pharmacy benefit managers and other data suppliers. Prescription profiles are delivered in seconds directly to underwriters' and claim adjusters' desktops to uncover critical medical information, including a timeline of an applicant's prescription drug history, dosage information, prescribing physician information and medical indications for each prescription. Hooper IntelliScript provides reports specific to each customer's underwriting guidelines, risk scoring preferences and insurance claim handling procedures.
"Hooper IntelliScript delivers critical information that goes far beyond the facts gathered in a teleinterview," said James Calver, President and CEO of Hooper Holmes. "It can discover the use of medications not previously disclosed and instantly deliver contact information for the prescribing physician. It's a web-based system that is fast, current within 24 hours and is easy to use."
"We are delighted to team with Hooper Holmes to deliver a proven, valuable prescription history toolset to its industry-leading client base," said Mark Franzen, Managing Director of Milliman IntelliScript. "Prescription histories are rapidly becoming a key tool for enhanced medical underwriting and claims processing and we view this new relationship as a major step forward in our continued growth."
About Hooper Holmes
Hooper Holmes provides outsourced risk assessment services to the life insurance industry through over 250 locations nationwide and in the United Kingdom, as well as claims evaluation information services to the automobile and workers' compensation insurance industries.
Certain information contained herein includes information that is forward- looking. The matters referred to in forward-looking statements may be affected by the risks and uncertainties involving the Company's business. These forward-looking statements are qualified in their entirety by cautionary statements contained in the Company's Securities and Exchange Commission filings. The Company disclaims any obligation to update these forward-looking statements.
About Milliman, Inc.
Milliman serves the full spectrum of business, financial, government and union organizations in the United States and abroad. The firm offers consulting services in healthcare, employee benefits, life insurance / financial services, and property and casualty insurance. For more information visit www.milliman.com.
Contacts: Hooper Holmes
Dan Crevina
888-856-7850 ext 2158
dcrevina@hooperholmes.com
Milliman Inc.
Bob Nommensen
847-507-1576
bob.nommensen@milliman.com
Financial Dynamics
Investors:
Jonathan Birt or John Capodanno
Media:
Sean Leous
212-850-5600
http://www.hooperholmes.com
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