Maryland Care, Inc. Selects SS&C for Enhanced Insurance Investment Accounting

Printed: Jul. 14, 2022 at 9:00 AM EDT|Up-to-date: 11 hours in the past

Maryland Treatment, Inc. d/b/a/ Maryland Physicians Care MCO (MPC), a Maryland Managed Treatment Organization (MCO) contracted with SS&C for detailed financial commitment accounting, reporting and statutory assertion preparation products and services

WINDSOR, Conn., July 14, 2022 /PRNewswire/ — SS&C Systems Holdings, Inc. (Nasdaq: SSNC) now introduced that MPC has decided on SS&C Singularity to support the operational, accounting and regulatory reporting desires of its financial investment portfolios. MPC will be transitioning from its current service company to Singularity™, SS&C’s ground breaking cloud-dependent financial investment accounting system supported by an professional workforce of gurus who have unmatched know-how in a huge vary of asset lessons, accounting treatments and insurance policy reporting requirements.

“The understanding and responsiveness of SS&C’s coverage workforce coupled with their established handle process gives us self confidence that we will acquire timely, accurate deliverables, particularly at critical situations,” said John Walega, Main Monetary Officer of Maryland Treatment, Inc. “By way of SS&C’s adaptable and transparent technology system and committed company design, we anticipate to improve automation and operational effectiveness, even though streamlining our thirty day period-conclude close and statutory filing method.”

SS&C has a 36-12 months monitor record furnishing computer software and outsourcing services to the world wide coverage and asset management market. Singularity automates center/back business processes using evolving technologies like AI and Pure Language Processing to provide a centralized perspective of all community and private assets. As the world’s biggest fund administrator for choice investments, SS&C also has deep abilities to support sophisticated asset courses like private equity, real estate, business & household home loans, syndicated financial institution financial loans, personal credit rating and derivatives.

“Singularity has significant momentum in the coverage room and we are delighted to welcome Maryland Treatment to SS&C’s escalating family members of insurance policies consumers,” explained Stan Szczepanik, Taking care of Director and Head of Insurance coverage Solutions at SS&C. “Our exclusive means to blend business-foremost technological know-how with issue make a difference professionals lets us to provide a tailor-made and scalable solution for our insurance coverage customers.”

About Maryland Care

Maryland Treatment, Inc. is a Linthicum Heights, MD-primarily based Managed Care Business. Founded in 1996, MPC believes in encouraging its customers make very good conclusions about their health and fitness through free of charge, good quality well being care products and services. MPC is a Managed Treatment Business in Maryland participating in the Maryland Department of Wellbeing, Wellbeing Alternative application.

About SS&C Systems

SS&C is a world-wide company of expert services and software program for the financial services and healthcare industries. Launched in 1986, SS&C is headquartered in Windsor, Connecticut, and has places of work about the planet. Some 18,000 financial solutions and health care corporations, from the world’s most significant firms to small and mid-market place companies, depend on SS&C for skills, scale and technology.

Source: SS&C

Added data about SS&C (Nasdaq: SSNC) is available at www.ssctech.com.

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