Prince William Health System Chooses Perot Systems for Revenue Cycle Outsourcing

PLANO, Texas, Oct. 13 /PRNewswire-FirstCall/ -- Perot Systems Corporation today announced that the company has entered into an agreement to provide revenue cycle outsourcing solutions to Manassas, Virginia-based Prince William Health System.

Under terms of the seven-year agreement, Perot Systems will assume day-to- day operational and administrative responsibility for the business office functions and staff of the 170-bed healthcare delivery system. Perot Systems will provide billing, accounts receivable management, and third-party and self-pay collections services for Prince William, and will assume responsibility for its Medicaid eligibility services. The company will also deliver technology resources to implement contract and denial management systems for Prince William.

Of the agreement, Robert Riley, chief financial officer of Prince William Health System said, "Perot Systems clearly understands revenue cycle management and has demonstrated its commitment to producing sustainable results for our health system. In addition to the company's expertise, we are excited about the professional development and training opportunities that Perot Systems brings to Prince William's business office staff. It is this combination of expertise and staff development capabilities that led us to choose Perot Systems as our revenue cycle management partner."

"We are pleased that Prince William has chosen Perot Systems," said Joe Hodge, leader of Revenue Cycle Solutions for Perot Systems' healthcare group. "Leveraging Perot Systems' dedication to operational excellence and best practices, we are confident that we can help Prince William achieve a new level of financial efficiency that will help fuel its vision and strategy for growth, patient satisfaction and community service."

Perot Systems currently serves more than 350 hospitals with information technology and business processing solutions, and is known for its innovative approach to helping providers leverage improvements in the revenue cycle to fund strategic healthcare technology initiatives. Prince William joins Seattle, Washington-based Northwest Hospital and Medical Center, and Michael Reese Hospital in Chicago, Illinois as Perot Systems' newest revenue cycle solutions customers.

About Prince William Health System

Prince William Health System (http://www.pwhs.org/ ), built in 1964, strives to meet the demands of a diverse population. Prince William is actively expanding services to keep pace with advances in technology, as well as recruiting highly qualified physicians to join its medical staff. Located in the heart of Manassas, Virginia, the 170-bed, not-for-profit hospital's mission is to provide exceptional, quality healthcare for the community.

About Perot Systems

Perot Systems is a worldwide provider of information technology services and business solutions. Through its flexible and collaborative approach, Perot Systems integrates expertise from across the company to deliver custom solutions that enable clients to accelerate growth, streamline operations and create new levels of customer value. Headquartered in Plano, Texas, Perot Systems reported 2004 revenue of $1.8 billion. The company has more than 17,000 associates located in North America, Europe, and Asia. Additional information on Perot Systems is available at http://www.perotsystems.com/ .

This press release contains forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Among many factors that could affect our business and cause actual results to differ materially are that we may bear the risk of cost overruns for custom software development and implementation services, our contracts generally contain provisions that could allow customers to terminate the contracts and sometimes contain provisions that enable the customer to require changes in pricing, and some contracts contain fixed-price provisions or penalties that could result in decreased profits. Please refer to our Annual Report on Form 10-K for the fiscal year ended December 31, 2004, as filed with the U.S. Securities and Exchange Commission and available at http://www.sec.gov/ , for additional information regarding risk factors. We disclaim any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments, or otherwise.