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VisionShare Secure Exchange SoftwareTM Meets CAQH CORE Rules for Information Exchange Between Healthcare Providers and Health Plans

September 5, 2007

Secure Exchange SoftwareTM from VisionShare, Inc, has earned CAQH CORE certification for its fast, effective administrative information exchange designed to streamline communications between healthcare providers and health plan organizations such as Blue Cross and Blue Shield-licensees, WellPoint, Aetna, and others.

Secure Exchange Software achieved certification after VisionShare demonstrated it was in compliance with standard rules developed by more than 100 industry stakeholders participating on the CAQH CORE (Committee on Operating Rules for Information Exchange). CAQH is a nonprofit alliance of health plans and trade associations collaborating on initiatives, such as CORE, to simplify healthcare administration.

The CORE rules help to ensure that reliable, consistent information on insurance eligibility and benefits is available to doctors, clinics, and hospitals in a matter of seconds. These new interoperability standards are designed to improve service to patients by making their health-plan information almost instantly available, while decreasing administrative-cost pressures on healthcare providers and health plans.

Patent pending VisionShare Secure Exchange Software enables secure, direct connectivity over the Internet for sending claims, receiving remittance advice, and exchanging other health plan information between provider and insurer. Secure Exchange Software is compliant with Health Insurance Portability and Accountability Act (HIPAA) regulations and other standards for safe and secure electronic transfer of patient information. VisionShare solutions reduce the cost, increase the speed, and ensure the security of electronic-data connections for healthcare providers, healthcare payers, and government agencies.

“We believe the industry will be strengthened through the adoption of standards that CORE and similar organizations are striving towards,” said John Feikema, President and CEO of VisionShare. “Consensus on operating rules among providers, payers and vendors like VisionShare helps to reduce administrative costs and, we hope, ultimately translates into a more efficient communications infrastructure that allows for fluid data exchange among facilities.”

To date, nearly 25 health plans, large group providers, clearinghouses and health IT vendors have earned CORE certification; another 20 national organizations have endorsed CORE. Even with this relatively small number of certificate holders, approximately 65 million Americans are now covered by health plans using the CORE rules.

“The CAQH CORE initiative is transforming the way health plans and providers are communicating,” said Harry L. Reynolds, CORE chair and Blue Cross and Blue Shield of North Carolina Vice President. “We encourage all vendors and other organizations with an interest in enhancing insurance verification to pursue CORE certification as soon as possible.”

For more information on VisionShare Secure Exchange Software, call 888-895-2649, write sales@visionshareinc.com, or visit www.visionshareinc.com.

About VisionShare

VisionShare, Inc, Minneapolis, Minn., is a leading provider of high-speed, low-cost data communication services for healthcare organizations. The company’s Secure Exchange Software™ is setting new standards for secure healthcare information exchange, using advanced encryption and authentication technologies that exceed regulatory requirements for protecting a patient’s right to privacy. VisionShare has cost-effective solutions for facilities of all sizes that enable safe, high-speed connections to multiple payers over the Internet. Visit us at www.visionshareinc.com.

About CAQH

CAQH is a catalyst for healthcare industry collaboration on initiatives that simplify and streamline healthcare administration. CAQH solutions help promote quality interactions between plans, providers and other stakeholders, reduce costs and frustrations associated with healthcare administration, facilitate administrative healthcare information exchange and encourage administrative and clinical data integration. Visit www.caqh.org for more information.




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