lexmark international inc-a (LXK) Key Developments
Lexmark International Inc. Announces Executive Changes
Oct 2 15
Lexmark International Inc. announced that Mr. Martin S. Canning, Executive Vice President and President, Imaging Solutions and Services,
is taking an indefinite medical leave of absence. Mr. Paul A. Rooke, Chairman and Chief Executive Officer, will assume the position of acting President of ISS during Mr. Canning's absence.
Lexmark International Inc. Launches Kofax Customer Communications Manager 4.4
Sep 25 15
Lexmark International Inc. has launched Kofax Customer Communications Manager 4.4, a customer communications management solution. Customer Communications Manager 4.4 produces, delivers and manages personalized correspondence (such as new account opening documents, loan applications and disclosures, draft and final legal contracts, quotes and proposals) across a wide variety of channels including e-mail, print and online formats. New features in this version of Customer Communications Manager include a browser-based designer for communications templates, styling and content, and a new interactive front-end that enables easier integration with other web and mobile applications.
Lexmark International Inc. Declares Quarterly Cash Dividend Payable on Sept. 11, 2015
Jul 23 15
Lexmark International Inc. announced that its Board of Directors declared a quarterly cash dividend of $0.36 per share of Lexmark Class A Common Stock. The dividend is payable on Sept. 11, 2015, to shareholders of record as of the close of business on Aug. 28, 2015.
Lexmark International Launches Kofax Claims Agility
Jul 22 15
Lexmark International Inc. launched Kofax Claims Agility™, an ICD-10 compliant software solution that automatically processes institutional and professional medical claims and supporting documents. It captures, extracts and validates all patient, provider and service line data, identifies invalid medical codes and enables knowledge workers to quickly review or correct errors and to accept, escalate or deny claims as appropriate. Kofax Claims Agility replaces manual, paper-based processes with a complete digital solution, improves operational efficiency, and speeds identification of problematic claims and resolution with providers. It also enables validation workers to make a more informed decision about the next appropriate action, expedites the transition of ‘clean claims’ and corrected claims into the downstream adjudication process, and reduces the cost of claims processing. This new solution solves the overwhelming paper challenges insurers face due to the influx of more than 15 million people brought into the healthcare system through the Affordable Care Act, which has resulted in an estimated 190 million new claims, with an estimated 15 million of those being paper-based. Kofax Claims Agility accelerates claims automation projects for health insurance carriers, property and casualty insurance companies processing injury claims, large healthcare providers and third-party administrators. Designed to process medical claims quickly and efficiently, Claims Agility is built on the TotalAgility smart process application platform that enables organizations to quickly integrate with back-end systems, create new processes that fit their environment, and monitor, analyze and improve system and user performance through operational analytics. Customers can also take advantage of additional functionality contained in the TotalAgility platform, including customer communications management, information integration, mobile, and e-signature, and leverage these capabilities at any point in the process to minimize workflow gaps and maximize provider and subscriber satisfaction.
Lexmark to Layoff 500 Jobs Worldwide Due to Restructuring
Jul 21 15
Lexmark announced to eliminate 500 jobs worldwide due to restructuring. The restructuring impacts are related to the Lexmark's acquisition of Kofax and ReadSoft and are expected to be broad-based, but are primarily expected to capture the anticipated cost and expense synergies of those acquisitions. The primary restructuring impact will be general and administrative, marketing and development positions, and the consolidation of regional offices.