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Edifecs and Informatica Deliver Market's First Fully Unified B2B Data Exchange Solution for Healthcare Payers

Posted on: Wednesday, 4 November 2009, 14:14 CST

BELLEVUE, Wash., Nov. 4 /PRNewswire/ -- Edifecs, Inc., the proven leader in compliance and visibility solutions for healthcare, today announced that Edifecs 5010-ready validation engine is now integrated into the Informatica B2B Data Exchange solution for healthcare payers. The new solution provides Healthcare Insurers with the market's first fully unified payer data hub solution.

The combined solution enables electronic claims handling and HIPAA compliance for payers to effectively manage all healthcare data transformation, data exchange, data visibility, data quality, HIPAA data validation and HIPAA 5010 migration along with other aspects of data integration.

Edifecs has provided HIPAA validation strategic capabilities for Informatica to create the one single solution that enables healthcare insurers and healthcare plans, fiscal agents, clearing houses, and other covered entities to accept and fully validate any HIPAA message, separate good claims from bad, improve first-pass adjudication rate and analyze data across adjudication and reconciliation systems.

"As the industry leader in providing edge-of-enterprise transactional compliance, governance & visibility and analytics healthcare solutions, the Edifecs component of the Informatica solution will help enforce regulatory as well as industry compliance and improve data quality with their business partners," said Sunny Singh, CEO, Edifecs. "These capabilities will help healthcare insurers reduce risk, increase business efficiency, minimize operational costs and enhance customer satisfaction."

Informatica performed an extensive evaluation of competing vendors using a number of technical and business criteria. Edifecs turned out to be the obvious choice owing to Edifecs' superior corporate viability, outstanding solution vision, best-in-class product capabilities and exceptional solution architecture. By incorporating Edifecs products, the joint solution offers a future-proof compliance solution with support for both existing and future standards such as HIPAA 5010 & ICD-10.

"The Informatica B2B Data Exchange solution for Healthcare Payers is a comprehensive and economical offering for optimizing the electronic claims process, while ensuring HIPAA compliance," said Girish Pancha, general manager, Data Integration, Informatica. "Customers can now leverage a unified platform for automating the entire electronic claims data exchange process, and avoid having to weave together an assemblage of niche solutions. Healthcare insurers with existing Informatica investments can increase the value of those investments and meet the specific challenges of efficient electronic claims processing and regulatory compliance."

Edifecs has also recently announced the release of the Edifecs5010(TM) Compliance Suite, a free and comprehensive scenario-based testing and certification service for 5010 transactions. More information is available at www.edifecs.com.

About Edifecs, Inc.

Edifecs is the industry leader in providing real-time 'edge-of-the-enterprise' transaction interoperability solutions for improving business performance. Edifecs' solutions ensure compliance to improve data quality, enable governance through end-to-end proactive visibility and provide real-time business intelligence by leveraging and deriving business value from transactional data. Edifecs' solutions improve the performance of a business by mitigating risk, decreasing costs, improving profits and increasing revenue.

Edifecs Healthcare Suite is a set of powerful applications and technologies that reduce friction in administrative, clinical, financial and pharmaceutical transaction workflows, both within and between healthcare enterprises. In healthcare, Edifecs solutions reduce the administrative and operational cost of healthcare.

Edifecs has over 350 customers and partners in healthcare that include 27 Blue Plans, 35 Medicaid, State and Federal agencies, along with partnership arrangements with most leading middleware stack vendors and system integrators.

Edifecs has been recognized as one of the 100 Fastest Growing Private Companies and 100 best places to work for in the state of Washington, and Inc5000 fastest growing companies in the US and Edifecs' CEO is a recognized business leader (40-Under-40). Founded in 1996, Edifecs is headquartered in Bellevue, WA.

Edifecs is headquartered in Bellevue, WA. Company website: www.edifecs.com.

Please contact: Marketing at 425-452-0622, marketing@edifecs.com.

SOURCE Edifecs, Inc.

Source: PR Newswire

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