HTP Announces Strategic Partnership with SBPA; Partnership will Improve ROI Value Proposition.COLUMBUS, Ohio -- Healthcare Transaction Processors, Inc. (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) ), recently announced a technology integration agreement with SBPA SBPA Simple Branch Prediction Analysis SBPA Scottish Beer and Pub Association (UK) SBPA School of Business and Public Administration SBPA School-Based Performance Award SBPA School-Based Performance Awards Systems, an operating unit of SunGard (NYSE NYSE See: New York Stock Exchange :SDS 1. (company) SDS - Scientific Data Systems. 2. (tool) SDS - Schema Definition Set. ). HTP will provide HIPAA-compliant 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. transaction management technology to the Group Benefits Administration System (GBAS (Ground-Based Augmentation System) See GPS augmentation system. ) customers. With HTP's suite of products, SBPA customers will be able to use a single source front-end solution for HIPAA-compliant EDI transactions. HTP's HIPAA-compliant workflow engine helps administrators to electronically manage the adjudication process by automatically editing claims, notifying providers about claims failing pre-adjudication edits, helping 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, routing claims to and from applicable PPOs for re-pricing, and determining if claims are out of network. "One of the key driving forces for HTP is to provide customers a front-end workflow solution that helps SBPA customers to realize a tangible ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot). today on their EDI technology infrastructure," said Dennis Swartzlander, chief executive officer of HTP. "By automating the claims process, SBPA customers can improve adjudication rates to help reduce costs and increase competitive advantage." "Our customers will be relieved of the need to internally maintain outside networks in GBAS and claims will be received ready for adjudication." said Donna Smith, SBPA Systems, senior vice president of Sales and Marketing. "During the repricing process, HTP will provide claim tracking services and handle X12 276/277 claims status inquires and responses as needed, even before the claim is registered into GBAS." About Healthcare Transaction Processors, Inc. HTP develops software that automates key business functions and lowers administrative costs for the healthcare industry. The company's award-winning software improves financial performance and service quality for hospitals and other providers as well as insurance companies and other payers. HTP's software streamlines electronic transactions between healthcare organizations, resulting in cleaner claims and faster payments, while fulfilling 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, transaction and security requirements. Based in Columbus, Ohio, HTP now supports more than 60 health plans and their 3.3 million members. The company translates and moves more than 14 million transactions per month between providers and payers. HTP worked with the Utah Health Information Network (UHIN UHIN Uganda Health Information Network ) to create one of the nation's first Regional Healthcare Information Organizations (RHIOs). A 2004 Inc. 500 company, HTP and its executives have been recognized for their leadership by the Ohio Third Frontier Project, the Ernst & Young Entrepreneur of the Year program, and the Columbus Technology Council. Notable HTP customers include Ohio Medicaid, Utah Health Information Network, Employee Benefits Management Corp., AultCare, Physicians Health Plan of Northern Indiana, and Spectrum Administrators. For more information on HTP or to learn how its software is transforming revenue cycle management for providers and payers, call 614.396.4549 or go to www.htp-inc.com. About SBPA Systems, a SunGard Company and SunGard CORBEL corbel Block or brick partially embedded in a wall, with one end projecting out from the face. The weight of added masonry above counterbalances the cantilever and keeps the block from falling out of the wall. SBPA Systems was acquired by SunGard Corbel in May 2004. SunGard Corbel provides the employee benefits industry with retirement plan recordkeeping software, document generation software, all types of retirement plan documents, government forms software, plus educational seminars and servies. SBPA Systems develops software applications to help improve the effectiveness and efficiency of health care delivery to consumers, providers, payers and others responsible for health care issues. Visit SunGard Corbel at www.sungardcorbel.com. Visit SBPA Systems at www.sbpa.com. About SunGard SunGard is a global leader in integrated software and processing solutions, primarily for financial services. SunGard also helps information-dependent enterprises of all types to ensure the continuity of their business. SunGard serves more than 20,000 customers in more than 50 countries, including the world's 50 largest financial services companies. SunGard (NYSE:SDS) is a member of the S&P 500 and has annual revenue of $3 billion. Visit SunGard at www.sungard.com. |
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