8-KOther Events

FISERV INC 8-K Report (Sep 3, 2003)

Filed September 3, 2003For Securities:FISV

Summary

This Form 8-K filing from Fiserv, Inc. (FISV) dated September 3, 2003, primarily serves to disclose a change in the company's reportable business segments. Reflecting recent growth in its health plan management services, Fiserv has officially added this as a new reporting segment. This strategic organizational update allows for more granular tracking and reporting of performance within this expanding area of the business. Investors should note that the filing also includes updated versions of the Management's Discussion and Analysis (MD&A) and Financial Statements from their prior 2002 10-K filing. These sections have been adjusted to incorporate the new Health Plan Management Services segment, providing a more accurate financial picture reflecting the company's current operational structure. While no new financial results are presented in this 8-K, the segment realignment is a key indicator of strategic focus and growth areas for Fiserv.

Key Highlights

  • 1Fiserv, Inc. has officially added 'Health Plan Management services' as a new reportable business segment.
  • 2This segment was created due to the recent significant growth in Fiserv's health plan management operations.
  • 3The company's reportable segments are now: Financial institution outsourcing, systems and services; Health plan management services; Securities processing and trust services; and All other and corporate.
  • 4The filing includes updated Item 7 (MD&A) and Item 8 (Financial Statements) from the prior 2002 10-K.
  • 5These updated financial sections reflect the impact of the newly defined Health Plan Management Services segment.
  • 6The filing incorporates the consent of Deloitte & Touche LLP.
  • 7This 8-K does not introduce new financial results but clarifies segment reporting.

Frequently Asked Questions

Fiserv has added a new reportable segment, 'Health Plan Management services,' due to the recent significant growth in this area of its business. This change reflects the company's strategic focus and the increasing importance of these services.

This segment provides services to employers who self-fund their health plans. These services include handling payments to healthcare providers, assisting with cost controls, plan design services, medical provider administration, and other related services.

No, this Form 8-K does not present new financial results. It primarily updates the company's segment reporting structure and includes adjusted versions of the Management's Discussion and Analysis (MD&A) and Financial Statements from the 2002 10-K to reflect the new segment.

Fiserv's reportable segments are now: Financial institution outsourcing, systems and services; Health plan management services; Securities processing and trust services; and All other and corporate.