Claredi Delivers Low-Cost, Second-Generation In-Stream Validation Tool for Healthcare EDI.SALT LAKE CITY -- Setting new standards for ease of use and breaking through traditional pricing barriers for in-stream 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. validation, Claredi has released Validedi(SM), an in-stream healthcare transaction validation system. Validedi lowers the cost of entry to in-stream validation and, through a series of add-on modules, users can customize the system according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. their own budgets and business needs. Building on the success of Faciledi(SM), the industry's most sophisticated validation and routing tool, Validedi further establishes Claredi's dominance in the area of interoperability management across all sectors of the healthcare EDI industry large or small -- from health plans to clearinghouses and providers. The Validedi product provides claim-by-claim or unit-by-unit validation of a healthcare organization's EDI transactions using Claredi's proven EDI analysis engine. Validedi sits in the organization's production data stream and removes invalid claims and other transactions, providing easy-to-read reporting to assist users and their trading partners in resolving problems. In contrast to competitive offerings, the Validedi system includes all software, appropriate databases, and -- at no extra cost -- the hardware. The system can interface with any translator and can be installed and in production within two days. "As HIPAA (Health Insurance Portability & Accountability Act of 1996, Public Law 104-191) Also known as the "Kennedy-Kassebaum Act," this U.S. law protects employees' health insurance coverage when they change or lose their jobs (Title I) and provides standards for patient health, demonstrated, standards for healthcare EDI are constantly evolving. Organizations need a proven tool to manage change without reinventing the wheel Reinventing the wheel is a phrase that means a generally accepted technique or solution is ignored in favor of a locally invented solution. To "reinvent the wheel" is to duplicate a basic method that has long since been accepted and even taken for granted. each time a new standard or code set is introduced or revised, or a set of trading partner requirements change. Validedi is that tool," said Kepa Zubeldia, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Claredi. "Thanks to Validedi, our customers can be confident that their needs are covered today and the system can grow with them -- without breaking the bank -- to support the challenges of the volatile healthcare EDI standards environment." Scalability Through Modular Upgrades The Validedi system substantially lowers the cost of entry for in-stream EDI validation and provides a stable and proven platform with a clear upgrade path. Users can purchase additional modules to increase the functionality of their systems as their business needs change. Among the modules available is Claredi's payer requirements library containing transaction edits and validation for more than 750 payer companion documents, a module with the Medicare Correct Coding Initiative (bundling and unbundling A regulatory requirement that enables a competing service provider to purchase parts of the incumbent local exchange carrier's network in order to provide service to its customers. See ILEC. ) edits and one containing Local Medical Review Policy edits (LMRP LMRP Local Medical Review Policy LMRP Lower Marine Riser Package (ocean drilling) ). Additional modules provide functionality for system balancing and auditing, system history lookup for customer support, and the consolidation or splitting of claims and remittance advice files. In the near future other modules will be made available including rebalancing Rebalancing The process of realigning the weightings of one's portfolio of assets. Notes: For example, if your portfolio's proportion of stock has grown too large for your intended assets weightings and risk tolerance, you might rebalance by selling some stock and putting of the 835; historical/statistical reporting; transaction reconciliation with 997, 999, 277, 824 and other acknowledgement transactions; HIPAA 275 claim attachments processing; and transaction data remediation. About Claredi Claredi is a Salt Lake City-based company that pioneered the concept of transaction validation under HIPAA and counts more than 1,200 major healthcare organizations -- payers, providers, clearinghouses and vendors -- among their customers. The company's classic validation methodology has been exclusively endorsed by the American Hospital Association American Hospital Association (AHA), n.pr a nonprofit national organization of individuals, institutions, and organizations engaged in direct patient care. The association works to promote the improvement of health care services. . Today, Claredi provides comprehensive EDI validation (of which HIPAA is only a part) and interoperability management tools to enable healthcare organizations to assess compliance, document due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. , achieve interoperability with their trading partners, and more efficiently manage the ongoing evolution of their EDI. For more information, visit www.claredi.com. |
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