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Enclarity Advances the Fight Against Provider Data Errors By Releasing Turbo-Charged ProviderPoint

Posted on: Monday, 18 June 2007, 12:02 CDT

Enclarity Inc., a leading healthcare information solutions company focused on the healthcare market, today announced the update of its revolutionary ProviderPoint(R) software that supplies healthcare payers with the industry's most up-to-date, accurate provider data possible. Bad provider data is responsible for more than $26 billion in lost efficiency each year. Enclarity's turbo-charged ProviderPoint 3.2 significantly increases the speed and accuracy of provider data verification with fine-tuned company and facility matching as well as near real-time processing.

"We recognize that bad provider data is driving up the cost of healthcare administration and is a drain on efficiency across payer organizations," said Sean Downs, president and chief executive officer, Enclarity. "The new version of our ProviderPoint solution gives our customers the advantage of the cleanest, most accurate data. The enhancements in version 3.2 increase the depth of available information about a provider and processing speed to perform near real-time processing for our customers."

Fighting a $26 Billion Problem

Provider data impacts nearly every aspect of healthcare payer operations. Major health plans report 10 to 20 percent of their provider records change each month. This poses a challenge for healthcare payers to keep their provider records current and integrated, and causes tremendous problems in the prompt and efficient payment of provider medical bills, a problem amplified by human data input errors. The result is a mountain of outdated, inaccurate and duplicate provider records.

ProviderPoint 3.2 can help reverse the problems of returned payments to providers, the large costs needed to maintain accurate print and online provider directories, increase and accelerate automated claims transaction processing, and help insurance payers comply with the HIPAA National Provider Identifier (NPI) mandate with greater ease and accuracy.

How ProviderPoint 3.2 Works

Available as a secure, hosted ASP service, ProviderPoint applies best practices from both healthcare and analytic science to identify inaccurate and incomplete information, then rapidly cleanse, augment and verify provider data. In addition, ProviderPoint's automated data cleansing and augmentation is enhanced by bi-annual telephonic verification to authenticate the data.

ProviderPoint 3.2 is fully implemented today and Enclarity customers already benefit from the enhancements to service capabilities. Enclarity will demonstrate ProviderPoint 3.2 in booth #916 at AHIP Institute 2007, June 20-22 in Las Vegas. For more information visit www.enclarity.com.

About Enclarity

Enclarity(R) is a healthcare information solutions company offering unique technology and expertise to continuously acquire, analyze and integrate healthcare provider data. Named one of the Top 100 private technology companies in North America by Red Herring magazine, Enclarity is known as the "credit bureau" of provider data for its ability to maintain the most accurate and up-to-date source of healthcare provider data in the United States.

By applying data science and techniques perfected in the financial services industry, Enclarity's ProviderPoint(R) data-cleansing solution streamlines the healthcare administrative process, dramatically improving the accuracy of provider data with an automated and continuous solution. Built with the company's proprietary AcuSync(TM) technology, ProviderPoint offers unparalleled statistical-based matching and data integration capabilities with integrated, actionable results.

The privately held company is headquartered in Aliso Viejo, Calif. Enclarity's investment partners include Bain Capital Ventures and Ignition Partners. For more information, visit www.enclarity.com.

 Contacts: Company: Brian Teeter Enclarity Inc. 949-330-6386 bteeter@enclarity.com  Media: George Pappas Theresa Dreike WunderMarx Inc. 714-862-1112 george.pappas@wundermarx.comtheresa.dreike@wundermarx.com

SOURCE: Enclarity Inc.

Source: MARKET WIRE

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