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ADA Electronic Commerce Co. selects ENVOY Corporation as its endorsed electronic clearinghouse.


NASHVILLE, Tenn.--(BUSINESS WIRE)--Oct. 3, 1996--Under a new agreement, the ADA Ada, city, United States
Ada (ā`ə), city (1990 pop. 15,820), seat of Pontotoc co., S central Okla.; inc. 1904. It is a large cattle market and the center of a rich oil and ranch area.
 Electronic Commerce Co., a subsidiary of the American Dental Association American Dental Association (ADA),
n.pr a nonprofit professional association whose membership is dental professionals in the United States. Its purpose is to assist its members in providing the highest professional and ethical care to the citizens of the
, has selected ENVOY Corporation, the nation's leading processor of electronic dental claims, as its endorsed electronic clearinghouse.

Known in the marketplace as ENVOY-NEIC since ENVOY's early 1996 acquisition of NEIC NEIC National Earthquake Information Center (USGS)
NEIC National Energy Information Center (DOE, EIA)
NEIC Northeast Illinois Council (Boy Scouts of America) 
, Nashville-based ENVOY is one of the nation's largest healthcare EDI (Electronic Data Interchange) The electronic communication of business transactions, such as orders, confirmations and invoices, between organizations. Third parties provide EDI services that enable organizations with different equipment to connect.  networks processing more than 600 million electronic healthcare claims yearly. ENVOY-NEIC handles five times more electronic dental claims than anyone else in the industry.

"As we formed the ADA Electronic Commerce Co., we looked to the marketplace to build the strongest relationship offerings for our members and ENVOY Corporation was a natural," said Dr. John Dr. John (also Dr. John Creaux) is the stage name of Malcolm John Rebennack Jr. (born November 21, 1940), a colorful pianist, singer, and songwriter, whose music spans, and often combines, blues, boogie woogie, and rock and roll.  Zapp, ADA Executive Director. "They are a foremost leader in healthcare EDI with a broad range of product offerings. Their market leadership and understanding of our members' needs is an excellent match for ADA Electronic Commerce Co."

Barry Becker, ENVOY-NEIC Vice President, commented, "We believe that this endorsement is a natural for us too and a testament to our success in delivering service and value to members of the dental community. Now, with the support of ADA Electronic Commerce Co. and our software vendor partners, we look forward to further expanding both the volume and breadth of information that can be transmitted electronically. We are committed to this objective because of the benefits that both dentists and patients can realize through the increased use of electronic data interchange See EDI.

(application, communications) electronic data interchange - (EDI) The exchange of standardised document forms between computer systems for business use. EDI is part of electronic commerce.
 and are pleased with the opportunity to serve ADA's members as one of ADA Electronic Commerce Co.'s selected vendors."

The filing of electronic claims frees dentists and administrators from the burdens and risks of submitting paper claims. Modern EDI systems assemble the transaction, validate patient and dentist information and speed the claims on their way. Without paper, postage is eliminated and the risk of loss and delays in the mail are eliminated. Since claims are checked for accuracy and completeness before they are received by the hundreds of payers now connected electronically, inquiries and rejections are minimized. Using a computer, a modem and ordinary phone lines, claims are delivered electronically to ENVOY-NEIC and then on to the appropriate payer in their selected format. Most importantly, electronic claim submission reduces turnaround time (1) In batch processing, the time it takes to receive finished reports after submission of documents or files for processing. In an online environment, turnaround time is the same as response time.  -- and the delivery of benefits to dentists or patients -- by several weeks.

ENVOY-NEIC is the market designation for services of ENVOY Corporation, headquartered in Nashville, Tenn., and founded in 1981. ENVOY is a publicly held corporation traded on NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
:ENVY. ADA Electronic Commerce Co. is a subsidiary of the American Dental Association in Chicago.

CONTACT: ENVOY-NEIC, Nashville

Barry Becker, 615/885-3700
COPYRIGHT 1996 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1996, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Oct 3, 1996
Words:438
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