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FOR IMMEDIATE RELEASE Foresight Contact: Foresight creates new position to manage product growth… Satyen Hombali as Director of Product Management Columbus, OH, June 7, 2004 – Foresight Corporation, the leading provider of advanced business and automated transaction processing solutions for healthcare, announced that Satyen Hombali has joined the rapidly growing firm as Director of Product Management. In this newly created position, Hombali will use his 23+ years of experience in IT services to manage existing and developing technology products. "Foresight's rapid growth has necessitated expanding our staff and bringing on a professional to manage the direction of our market-leading product line," said Ed Hafner, CTO, Foresight Corporation. "We are confident that Satyen's extensive experience and impressive record in IT will be a major asset in executing on our business plan." Mr. Hombali received a Bachelor of Technology with Honors from the Indian Institute of Technology, Madras, India. He has completed several graduate-level courses in computer-science at Michigan State University, East Lansing, Michigan and Franklin University, Columbus, Ohio. He comes to Foresight from Optimum Technology where he was VP and CTO. Mr. Hombali's professional career includes international experience in manufacturing, distribution, financial services and federal, state and local government in the United States, the Caribbean, India, West Africa and the Middle East. He has served in a variety of IT positions at the senior executive level with major corporations including Hindustan Lever, Lipton India, and Price Waterhouse. In addition, Mr. Hombali has developed several patent-pending and award-winning software products serving the law and regulatory enforcement functions of state and local governments. About Foresight Corporation Since 1990 Foresight has provided e-commerce productivity and data validation solutions to many health care organizations and Fortune 500 companies, and today is the leading provider of advanced business and automated transaction processing solutions for healthcare. Foresight's latest technology offering, Transaction Insight™, is the first business activity monitoring (BAM) solution specifically developed for healthcare transaction processing. Foresight remains the marketplace leader in HIPAA transaction compliance with its HIPAA Validator® family of offerings, including: CommunityManager™ (for large community enablement), DeskTop (PC-based), and InStream™ (real-time) solutions. Foresight is proud to partner with many BCBS organizations and payer, facility and provider customers, including Aetna, Fairview Health System, Great West Life, Veritus Medicare Services, Mayo Foundation, McKesson, Oxford Health Plans, Inc., Preferred Provider of Michigan, PNC Bank, and Washoe Health Systems, Inc., as well as Blue Cross Blue Shield (BCBS) organizations including: BCBS of Illinois, BCBS of Michigan, BCBS of New Mexico and BCBS of Texas, and many others. For more information, visit the company at www.foresightcorp.com or call 1.888.500.0800. ### HIPAA Validator is a registered trademark and InStream and CommunityManager are trademarks of Foresight Corporation. |
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