automatic data processing (ADP) Key Developments
Automatic Data Processing Inc. Debuts New Patient Relationship Management Suite
Jul 1 15
Automatic Data Processing Inc. debuts its New Patient Relationship Management (PRM) Suite. The solution helps private medical practices streamline the patient intake process and the amount of time it takes to administer patient forms. PRM enables patients to easily complete forms electronically, and once finished, forms automatically and securely populate in patient charts, ensuring the medical staff has the most up-to-date information available on the patient. The suite includes the AdvancedMD mobile patient and administrative check-in kiosk. The check-in kiosk, when combined with AdvancedMD insurance verification, credit card processing, as well as advanced online communications with patients, creates a full-featured front-office solution. Other advantages of the ADP AdvancedMD Patient Relationship Management suite include: Customizable patient and consent forms provide multiple workflow options for each practice. Private practice team members can assign intake forms and consent forms to the patient prior to their arrival at the office so they can be completed ahead of the appointment in the patient portal or in the waiting room via iPad. Forms electronically load into the patient chart with no document scanning required. Additionally, the check-in kiosk lets the practice's staff scan a patient driver's license, review demographic information, and make any necessary updates. Patient forms can be managed on an iPad with the iOS app or via traditional desktop browser. Both let the practice's staff enter patient information, select documents for a patient, and setup an iPad kiosk to be utilized by a patient. Staff are also able to view appointments by date, search for patients by name, view patient photo and demographic information, and add new and existing patient data to a record. Once a patient form is completed, it automatically loads into the patient chart without the need for the office staff to scan paper documents. Private practices can customize and bundle some or all of the products within the suite.
Automatic Data Processing, Inc. Enters Credit Agreements
Jun 22 15
Automatic Data Processing Inc. announced that on June 17, 2015 it has entered into a $2.75 billion 364-day credit agreement and a $2.25 billion five-year credit agreement with a group of lenders. The five-year facility contains an accordion feature under which the aggregate commitment can be increased to $2.75 billion, subject to the availability of additional commitments. The 364-day facility replaced the company's previous $2.25 billion 364-day facility and the five-year facility replaced the company's prior $2.00 billion amended and restated five-year facility, both of which were terminated on June 17. The existing $3.25 billion five-year credit agreement entered into on June 18, 2014, will continue in full force and effect. The lenders' commitments under the 364-day facility will expire on June 15, 2016, and any borrowings outstanding will mature and be payable on such date. The lenders' commitments under the five-year facility will expire and the borrowings thereunder will mature on June 17, 2020. JPMorgan Chase Bank NA acts as administrative agent for the facilities. Bank of America NA, BNP Paribas, Wells Fargo Bank NA and Citibank NA act as syndication agents for the facilities. The facilities are led by J.P. Morgan Securities LLC, Merrill Lynch Pierce Fenner & Smith Inc., BNP Paribas Securities Corp., Wells Fargo Securities LLC and Citigroup Global Markets Inc. as joint lead arrangers and joint book runners. Deutsche Bank Securities Inc., Barclays Bank PLC and Bank of Tokyo-Mitsubishi UFJ Ltd. are documentation agents.
ADP to Open New Site in Filinvest, Alabang
Jun 12 15
ADP will be opening a new site at Aeon Centre in Filinvest, Alabang, Muntinlupa City. This is the company’s second Philippine site. With the increase of both services and clients, the expansion will bring ADP Philippines’ capacity close to 4,000 seats. The new site is strategically location in the Northgate Cyberzone.
Automatic Data Processing, Inc. Announces Consolidated Unaudited Earnings Results for Third Quarter and Nine Months Ended March 31, 2015; Provides Earnings Guidance for the Full Year of 2015
Apr 30 15
Automatic Data Processing, Inc. announced consolidated unaudited earnings results for third quarter and nine months ended March 31, 2015. For the quarter, the company reported total revenues of $3,031.7 million, earnings from continuing operations before income taxes of $742.6 million, net earnings from continuing operations of $492.0 million or $1.04 diluted per share, net earnings of $489.6 million or $1.03 diluted per share, compared to the total revenues of $2,825.1 million, earnings from continuing operations before income taxes of $660.8 million, net earnings from continuing operations of $433.2 million or $0.90 diluted per share, net earnings of $521.6 million or $1.08 diluted per share, for the same quarter a year ago.
For the year to date, the company reported total revenues of $8,266.8 million, earnings from continuing operations before income taxes of $1,696.2 million, net earnings from continuing operations of $1,124.0 million or $2.35 diluted per share, net earnings of $1,116.3 million or $2.33 diluted per share, compared to the total revenues of $7,680.8 million, earnings from continuing operations before income taxes of $1,526.3 million, net earnings from continuing operations of $1,012.2 million or $2.09 diluted per share, net earnings of $1,227.1 million or $2.54 diluted per share, for the same period a year ago.
The company anticipates full-year fiscal 2015 revenue growth of approximately 7% compared with the prior forecast of 7% to 8% due to negative pressure from foreign currency translation which is expected to impact full year revenue growth by about two percentage points. Diluted earnings per share from continuing operations is now expected to grow about 14% from $2.58 in fiscal 2014 compared with the prior forecast of 12% to 14%. This forecast anticipates at least 75 basis points of pretax margin expansion from 18.4% in fiscal 2014. The company now anticipates an effective tax rate of 33.7% compared with the prior forecast of 34.2%. Worldwide new business bookings are still anticipated to grow about 10%.
Didlake, Inc. Selects ADP for Human Capital Management Solutions
Apr 15 15
ADP announced that Didlake, Inc. has significantly expanded its relationship with ADP by implementing an array of ADP human capital management solutions, including HR, benefits administration, recruiting management, time and labor management, and payroll.