Maryland Care

, Inc. d/b/a/ Maryland Physicians Care MCO (MPC), a Maryland Managed Care Organization (MCO) contracted with SS&C for comprehensive investment accounting, reporting and statutory statement preparation services

WINDSOR, Conn.


,


July 14, 2022


/PRNewswire/ —

SS&C Technologies Holdings, Inc.

(Nasdaq: SSNC) today announced that MPC has chosen SS&C Singularity to support the operational, accounting and regulatory reporting needs of its investment portfolios. MPC will be transitioning from its current service provider to Singularity™, SS&C’s innovative cloud-based investment accounting platform supported by an experienced team of professionals who have unmatched expertise in a wide range of asset classes, accounting treatments and insurance reporting requirements.

“The knowledge and responsiveness of SS&C’s insurance team coupled with their proven control process gives us confidence that we will receive timely, accurate deliverables, especially at critical times,” said

John Walega

, Chief Financial Officer of

Maryland Care

, Inc. “Through SS&C’s flexible and transparent technology platform and dedicated service model, we expect to improve automation and operational efficiency, while streamlining our month-end close and statutory filing process.”

SS&C has a 36-year track record providing software and outsourcing services to the global insurance and asset management market. Singularity automates middle/back office processes using evolving technologies like AI and Natural Language Processing to deliver a centralized view of all public and private assets. As the world’s largest fund administrator for alternative investments, SS&C also has deep expertise to support complex asset classes like private equity, real estate, commercial & residential mortgages, syndicated bank loans, private credit and derivatives.

“Singularity has significant momentum in the insurance space and we are delighted to welcome

Maryland Care

to SS&C’s growing family of insurance clients,” said

Stan Szczepanik

, Managing Director and Head of Insurance Solutions at SS&C. “Our unique ability to combine industry-leading technology with subject matter experts allows us to deliver a tailored and scalable solution for our insurance clients.”

About Maryland Care

Maryland Care

, Inc. is a

Linthicum Heights, MD

-based Managed Care Organization. Founded in 1996, MPC believes in helping its members make good decisions about their health through free, quality health care services. MPC is a Managed Care Organization in

Maryland

participating in the Maryland Department of Health, Health Choice program.

About SS&C Technologies

SS&C is a global provider of services and software for the financial services and healthcare industries. Founded in 1986, SS&C is headquartered in

Windsor, Connecticut

, and has offices around the world. Some 18,000 financial services and healthcare organizations, from the world’s largest companies to small and mid-market firms, rely on SS&C for expertise, scale and technology.

SOURCE: SS&C

Additional information about SS&C (Nasdaq: SSNC) is available at

www.ssctech.com

.

Follow SS&C on

Twitter

,

LinkedIn

and

Facebook

.

View original content to download multimedia:

https://www.prnewswire.com/news-releases/maryland-care-inc-selects-ssc-for-enhanced-insurance-investment-accounting-301586552.html

SOURCE SS&C