Policy Management Systems

Policy Management Systems Corporation (PMSC) was a leading provider of software, services, and information solutions for the global insurance and financial services industries, including the healthcare sector. Founded in 1974 and based in South Carolina, the company specialized in automating complex administrative tasks such as policy issuance, claims processing, and billing for health insurers and managed care organizations. PMSC played a pivotal role in the digital transformation of the insurance industry, offering standardized software packages that replaced custom-built legacy systems. Its healthcare division focused on streamlining the administration of health plans and improving operational efficiency for payers. The company was publicly traded on the New York Stock Exchange under the symbol PMS until its acquisition. In December 2000, PMSC was acquired by Computer Sciences Corporation (CSC) for approximately 568 million dollars, and its technologies were integrated into CSC's broader financial services and healthcare IT portfolios.