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Edifecs and Milliman Announce Strategic Alliance for Streamlining Data Acquisition Process for Healthcare Analytics

Posted on: Tuesday, 5 December 2006, 12:01 CST

BELLEVUE, Wash., Dec. 5 /PRNewswire/ -- Edifecs, Inc., a leading provider of B2B solutions for transaction-based interoperability and Milliman, Inc., one of the premier global consulting and actuarial firms, today announced a strategic alliance that streamlines the data acquisition process for payers, providers and other healthcare organizations. Using Edifecs(TM) Healthcare Transaction Repository(TM), Milliman has leveraged standard healthcare transactions, such as HIPAA 837 Claim and 835 Electronic Remittance Advice, to rapidly create rich analytic capabilities healthcare organizations need to manage their business.

Edifecs Healthcare Transaction Repository (HTR) is part of the Edifecs Healthcare Suite(TM), which provides mission-critical solutions for reducing friction in the transaction lifecycle for healthcare and healthcare-affiliated organizations. Edifecs HTR consumes standard HIPAA and other healthcare transactions, and normalizes the full content of those transactions into a business-normalized repository, creating opportunities for transaction lifecycle management and reporting that were heretofore unavailable for payers, providers and other healthcare-affiliated organizations.

"Milliman is the recognized leader in the healthcare analytics field, and we are excited to be working with them," said Sunny Singh, CEO of Edifecs. "Milliman's innovative use of our HTR to streamline the data acquisition process will save time and money for Milliman customers, and get them access to information from the edge of the enterprise."

"Data acquisition can be a time-consuming process for many healthcare payers and providers, creating a barrier to real-time information about their business," said Will Fox, Principal and Consulting Actuary at Milliman. "Using the content of the standard transactions and Edifecs HTR, we are able to provide more rapid deployment of our analytic solutions to our clients, leveraging their existing capabilities. Edifecs' investment in this technology has opened up some very interesting possibilities."

About Edifecs

Edifecs helps organizations achieve interoperability and return on investment by simplifying the adoption of standard electronic transactions and deriving business value from trading partner communities. The Edifecs Healthcare Suite(TM) includes business performance management applications that automate and manage the full lifecycle of transactions; defining requirements, community enablement, testing and data validation, real-time transaction monitoring, repair and reconciliation, and providing transaction analytics.

2006 marks 10 years of Edifecs' expertise in providing innovative technology solutions to over 1600 customers worldwide. Edifecs has over 300 customers and partners in healthcare that include 16 Blue Plans, 35 Medicaid, State and Federal Agencies, along with partnership arrangements with most leading middleware stack vendors. Edifecs is the sponsor of Collabrus(TM), one of healthcare's largest third party testing and certification services with over 10,000 members. Founded in 1996, Edifecs is headquartered in Bellevue, WA. Company website: http://www.edifecs.com/. Contact: Kevin Pierce 425-452-0622, kevinp@edifecs.com.

About Milliman, Inc.

Milliman, whose corporate offices are in Seattle, serves the full spectrum of business, financial, government and union organizations. Founded in 1947 as Milliman & Robertson, the company has 33 offices in the United States as well as offices in Amsterdam, Bermuda, Hong Kong, London, Madrid, Mexico City, Milan, Munich, New Delhi, Sao Paulo, Seoul, Tokyo, Warsaw and Zurich. Milliman employs more than 2,000 people, including a professional staff of over 850 qualified consultants and actuaries. The firm has consulting practices in employee benefits, healthcare, life insurance/financial services, and property & casualty insurance. It is a founding member of Milliman Global, an international organization of consulting firms serving insurance, employee benefits and healthcare clients worldwide. For further information visit http://www.milliman.com/.

Edifecs, Inc.

CONTACT: Kevin Pierce of Edifecs, Inc., +1-425-452-0622, orkevinp@edifecs.com

Web site: http://www.edifecs.com/

Source: PRNewswire

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