Olympus Managed Health Care Honored with Prestigious International Award

MIAMI, Nov. 9 /PRNewswire/ -- Olympus Managed Health Care Inc., a leading provider of health care claims administration and cost containment services, announced today that it has been named the winner of the prestigious International Travel Insurance Journal (ITIJ) Cost Containment Company and Provider of the Year Award. The award was presented to Olympus Managed Health Care last week at the International Travel Insurance Conference in Athens.

"We are thrilled to be recognized, among such strong competition, as the ITIJ Cost Containment Company of the Year," said Steven W. Jacobson, President and CEO of Olympus Managed Health Care.

Olympus Managed Health Care was among three finalists nominated by the more than 20,000 ITIJ readers. Each of the nominated companies for the Cost Containment and Provider of the Year category was asked to submit a brief description of their accomplishments over the past year, what they have done to grow their business and how they plan to build upon their success. A panel of independent judges determined the winners in each of six major categories: Cost Containment Company and Provider of the Year; Air Ambulance Provider of the Year; Assistance/Claims Handler of the Year; Insurer/Underwriter of the Year; Intermediary of the Year, and ITIJ Marketing Campaign of the year.

About Olympus Managed Health Care Inc.
Olympus Managed Health Care Inc. is the leading independent provider of health care claims administration and cost containment services. Since its inception in 1994, Olympus has focused exclusively on facilitating access to health care on behalf of its health care clientele. Olympus' innovative approach to health care reduces expenses by focusing on cost up pricing, while simultaneously enhancing end user satisfaction. Olympus' products and services focus on bringing value to the payer, medical provider, and health care consumer. Olympus is privately held and 100 percent management owned.

About ITIJ
The International Travel Insurance Journal was launched in November 1999 following the growing success of the International Travel Insurance Conference (ITIC). The journal contains a balance of headline news, views, independent articles, editorial, profiles and features as well as advertising and a service directory containing useful contacts and suppliers. Current distribution is monthly with around 20,000 industry leaders reading the journal.