EBMC Extends Contract for HTP Transaction Manager(TM); Credits Software with Efficiency Increases, Strong ROI.COLUMBUS, Ohio -- HTP HTP High-Throughput HTP High-Test Peroxide HTP Highest Takes Precedence (stage lighting) HTP Hack the Planet HTP Hannovers Telefon Partner GmbH (German telephone operating company) , Inc., a leading developer of clinical and administrative software for the healthcare industry, has signed a three-year extension of its contract with Employee Benefit Management Corp (EBMC EBMC East Berkshire Music Centre (UK) ), a progressive third-party administrator of self-funded benefit programs to expand deployment of the HTP Transaction Manager(TM) software. "Over the past 4 years, HTP has helped us to grow our business and increase the value we bring to our clients by unlocking the financial benefits of an 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. workflow while also meeting 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, requirements," said Renee Haas, vice president of EBMC. "Working with HTP has allowed us to become more automated and efficient and as a result we have been able to reallocate Verb 1. reallocate - allocate, distribute, or apportion anew; "Congressional seats are reapportioned on the basis of census data" reapportion allocate, apportion - distribute according to a plan or set apart for a special purpose; "I am allocating a loaf of staff to other duties including some new revenue generating positions." HTP 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. Ray M. Shealy noted that HTP Transaction Manager delivers markedly increased rates of claim auto adjudication The legal process of resolving a dispute. The formal giving or pronouncing of a judgment or decree in a court proceeding; also the judgment or decision given. The entry of a decree by a court in respect to the parties in a case. . "We help payers earn a significant return on their investment in becoming HIPAA-compliant by automating workflow," he said. "One measure of our success is the number of customers such as EBMC who are extending their contracts and purchasing additional software modules." A complete front-end EDI workflow solution, HTP Transaction Manager(TM) enables administrators to electronically manage the entire adjudication process by automatically editing claims, notifying providers about claims failing pre-adjudication edits, enabling providers to correct or resubmit Verb 1. resubmit - submit (information) again to a program or automatic system feed back return, render - give back; "render money" claims online, route claims to and from applicable PPOs for re-pricing, and determining if claims are out of network. The software efficiently manages all inbound and outbound data sources and every mandated HIPAA transaction in both batch and real-time modes. "We view HTP as a partner, not as a vendor," Haas said. "While competitors were pushing products, HTP offered solutions. They understood the potential of utilizing EDI transactions to transform our workflow processes and, as a result, our business." "HTP shared our vision that if you're going to spend money to become HIPAA compliant, then it better pay for itself in improved business processes," Haas added. "As an added benefit, the flat-rate pricing model has allowed us to significantly grow our business without increasing our per transaction fees." About HTP, Inc. HTP develops software for the healthcare industry that improves efficiency, profitability and service quality for hospitals, insurance companies, physician groups, managed care organizations, third-party administrators and public sector health plans. The company's software also enables secure information exchange through Regional Health Information Organizations (RHIOs). Based in Columbus, Ohio, HTP supports 170 customers, including 90 hospitals and 60 health plans, by translating and moving more than 15 million transactions per month. HTP technology powers the Utah Health Information Network (UHIN UHIN Uganda Health Information Network ), the nation's first RHIO RHIO Regional Health Information Organization . A 2004 and 2005 Inc. 500 company, HTP and its executives have been recognized for leadership by the Ohio Third Frontier Project, The Deloitte Technology Fast 500, the Ernst & Young Entrepreneur of the Year program and the Columbus Technology Council. Notable HTP customers include Ohio Medicaid and Utah Health Information Network. For more information on HTP or to learn how its software is transforming healthcare information exchange for providers, payers and RHIOs, call 614.396.4549 or go to www.htp-inc.com. About EBMC Employee Benefit Management Corp (EBMC) specializes in the design, administration and management of self-funded employee benefit plans. Based in Dublin, Ohio, EBMC is a full-service Third Party Administrator with over 45 years of experience in benefit plan administration. Embracing technology has allowed EBMC to grow with the times and deliver the products and services today's marketplace demands. EBMC employs over 125 dedicated professionals with expertise in virtually every component of the benefits arena. These components include medical and dental claims administration, COBRA administration, Flexible Spending Accounts flexible spending account, n an employee reimbursement account primarily funded with employee-designated salary reductions. Funds are reimbursed to the employee for health care (medical and/or dental), dependent care, and/or legal expenses and are , utilization review u·til·i·za·tion review n. A process for monitoring the use, delivery, and cost-effectiveness of services, especially those provided by medical professionals. and case management, disease management and government compliance. Flexibility, knowledge, experience and a practical, common-sense approach to benefit administration are EBMC hallmarks. EBMC is an independent, employee-owned company. For additional information regarding EBMC's scope of services, please contact Greg Hubbell, Vice President, by phone at (614) 766-5800, ext. 570 or by e-mail at ghubbell@ebmconline.com. |
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