Ingenix and Claredi Form Strategic Alliance; Claredi Grants Ingenix Rights to Distribute Claredi Technologies to the Healthcare Provider Market Under the Ingenix TransactionManager Brand.SALT LAKE CITY -- Claredi Claredi Clear Data Interchange (Clearinghouse for Electronic Data Interchange) (R) announced today that it has formed a strategic alliance with health information technology leader Ingenix(R). Through this agreement, Claredi's in-stream, transaction validation See validate. validation - The stage in the software life-cycle at the end of the development process where software is evaluated to ensure that it complies with the requirements. and routing application, Faciledi(R), will be offered as an integral component of the Ingenix TransactionManager(TM) product. "We're we're Contraction of we are. we're we are excited about this important new strategic relationship," said Kepa Zubeldia, M.D., President and Chief Technology Officer, Claredi Corporation. "Working together, Ingenix and Claredi can set a new standard for managing data and transactions for healthcare organizations." "This is a big step forward in our efforts to make real improvements in the transaction process for healthcare providers," said David Ostler, Executive Vice President, Ingenix. "Claredi 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. technologies are a perfect fit for us. As an integral part of the Ingenix Revenue Acceleration Solution, they can alleviate Alleviate To make something easier to be endured. Mentioned in: Kinesiology, Applied a lot of the hassles physicians groups have to deal with just to get paid," he added. Ingenix TransactionManager serves as a single, central point of control for transaction routing and monitoring. It increases administrative efficiency by minimizing paper claims handling (and related expense). Claims submissions can be fully automated au·to·mate v. au·to·mat·ed, au·to·mat·ing, au·to·mates v.tr. 1. To convert to automatic operation: automate a factory. 2. and all transaction validation can occur up front, with built-in built-in - (Or "primitive") A built-in function or operator is one provided by the lowest level of a language implementation. This usually means it is not possible (or efficient) to express it in the language itself. edits for all payer companion guides. By enabling rich, real-time 1. real-time - Describes an application which requires a program to respond to stimuli within some small upper limit of response time (typically milli- or microseconds). Process control at a chemical plant is the classic example. electronic exchange directly with payers and other trading partners, Ingenix Transaction Manager can reduce payer rejections and resubmissions by more than 50 percent, while accelerating payments and lowering transaction costs Transaction Costs Costs incurred when buying or selling securities. These include brokers' commissions and spreads (the difference between the price the dealer paid for a security and the price they can sell it). . TransactionManager even lays the groundwork for bypassing transaction clearinghouses altogether and connecting providers directly with payers. It can deliver new levels of speed, accuracy, and efficiency to the entire transaction process, resulting in more timely payments and higher revenues. Ingenix TransactionManager is part of the Ingenix Revenue Acceleration Solution that includes Ingenix ClaimsManager(TM), which helps providers submit clean, clinically accurate, and regulation-compliant claims to payers; and Ingenix ContractManager(TM), which assists providers with verification that payers have paid claims accurately based on negotiated contract terms and rates. About Claredi Claredi, a Salt Lake City-based company that pioneered the concept of healthcare transaction validation, counts more than 1,200 major healthcare organizations among its customers--payers, providers, clearinghouses and vendors. The company's transaction validation methodology has received the exclusive endorsement of 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 solutions that enable healthcare organizations to easily connect with trading partners, ensure the quality of data exchange and efficiently manage the ongoing evolution of their healthcare transactions and messaging. For additional information about Claredi and its products and services, call 1-866-444-0339, option 6; e-mail sales@claredi.com; or visit www.claredi.com. About Ingenix One of the industry's largest health information companies, Ingenix provides products and services to a diverse customer base within the health care community. Organizations use our innovative technology to improve the delivery and operations of their business. For additional information about Ingenix and its products and services, call toll-free 1-800-765-6709, email inform@ingenix.com or visit www.ingenix.com. |
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