M2 Systems and Healthcare Data Interchange Group Partner to Ensure HIPAA Success; Best Practices Approach Enables Organizations to Meet Impending Deadlines.Business Editors/Health/Medical Writers/High-Tech Writers MAITLAND, Fla.--(BUSINESS WIRE)--May 21, 2003 M2 Systems Corporation ("M2 Systems"), a leading provider of highly reliable business process integration and transaction systems for the healthcare, financial and transportation industries, announced today that they have entered into an extended relationship with the Healthcare Data Interchange Group ("HDIG") to jointly promote M2 Systems' i24Payor Suite of Solutions throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . "We have worked closely with M2 Systems over the last five years to develop a set of best practices that have enabled the members of HDIG to rapidly and cost effectively implement and become certified on the 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, 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. transactions," said Ann Schlosser, Director of Electronic Commerce at Blue Cross and Blue Shield Blue Shield A US not-for-profit health care insurer that is a reimbursement intermediary for physicians. Cf Blue Cross. of Nebraska. "M2 Systems has proactively enhanced their i24Payor HIPAA Solution and we are happy to work with them to promote this solution and educate other payors as to the benefits of this approach." With the HIPAA deadlines rapidly approaching, healthcare payors can benefit from this partnership by becoming a member of HDIG and utilizing the M2 Systems i24Payor HIPAA Solution as their HIPAA transaction gateway and infrastructure. All HDIG members have standardized on M2 Systems' technology and are provided a group benefit as enhancements to the HIPAA Solution are introduced and knowledge is shared across the group. "Our partnership with HDIG clearly defines the nature of a mutually beneficial Adj. 1. mutually beneficial - mutually dependent interdependent, mutualist dependent - relying on or requiring a person or thing for support, supply, or what is needed; "dependent children"; "dependent on moisture" relationship," said Joe Adams, M2 Systems' 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. . "We have gained significant subject matter expertise to help us meet the challenges of HIPAA and used it to improve our technology offering and the business processes it manages. As the HIPAA deadlines approach, we have been able to help our clients reach business milestones more rapidly while reducing their overall capital investments and cost structure." HIPAA (Health Insurance Portability and Accountability Act The Health Insurance Portability and Accountability Act (HIPAA) was enacted by the U.S. Congress in 1996. According to the Centers for Medicare and Medicaid Services (CMS) website, Title I of HIPAA protects health insurance coverage for workers and their families when of 1996) is a law that was enacted to improve the overall efficiency and effectiveness of the health care system of the United States. HIPAA includes administrative simplification provisions that have been augmented by a series of regulations from the Department of Health and Human Services Noun 1. Department of Health and Human Services - the United States federal department that administers all federal programs dealing with health and welfare; created in 1979 Health and Human Services, HHS . These regulations set forth national standards for electronic health care transactions, privacy and security. About M2 Systems Corporation - M2 Systems is an elite software engineering firm focused on delivering on-line real-time and batch transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. to specialized vertical markets. The M2 Systems architecture is the compilation of next generation technology and proven solutions that have been successfully implemented for more than sixteen (16) years in the applications of finance and healthcare. M2 Systems offers the only fully distributed Fully distributed A new stock issue that has been completely resold to the investing public and is no longer held by dealers. fully distributed Of or relating to a new issue of securities that has been sold out. network-centric Enterprise Application Integration (EAI (Enterprise Application Integration) Refers to various techniques used to share data and business processes in large enterprises. When companies acquire another organization, disparate information systems have to be made to work together. ) architecture powered by their highly successful technology platform known as ENGIN. All applications are easily and efficiently integrated using M2 Systems rapid deployment platform, thus maintaining their leadership role in the Enterprise Application Integration market space. For more information about M2 Systems Corporation, contact Jim Anderson Jim Anderson can refer to:
About Healthcare Data Interchange Group - HDIG is a consortium of Blue Cross Blue Shield payor organizations whose mission is: -- To reduce cost for receiving and sending Electronic Data Interchange ("EDI") transactions; -- To standardize the implementation and maintenance on members' EDI platforms; -- To reduce cost and gain efficiencies and time by jointly developing, testing and maintaining standard sets of EDI applications; -- To influence vendors with regard to design and development of current and future core product offerings to meet the needs and expectations of the members of the Association; -- To share the knowledge and resources of each other's plan; and -- To be proactive in influencing the national standards and implementations in the industry. For more information about Healthcare Data Interchange Group (HDIG), contact anyone of the following Blue Cross and Blue Shield participating plans: Ann Schlosser, Blue Cross and Blue Shield of Nebraska, Ann.Schlosser@bcbsne.com, at 402.390.1858. Jeff Harmon, Noridian (BCBS BCBS Blue Cross/Blue Shield BCBS Basel Committee on Banking Supervision BCBS Barre Center for Buddhist Studies BCBS Bay City Baptist School BCBS Bishop Cotton Boys School (Bangalore, India) BCBS Bar Code Business Software of North Dakota), Jeff.Harmon@noridian.com, at 701.282.1261. Patsie Robinett, Blue Cross and Blue Shield of Kansas, Patsie.Robinett@bcbsks.com, at 785.291.7146. Chuck Schuele, Cobalt (BCBS of Wisconsin), Chuck.Schuele@cobalt-corp.com, at 262.523.4795. Mona Speranza, Excellus Blue Cross and Blue Shield, Mona.Speranza@excellus.com, at 585.238.4422. Copyright Notice: Copyright (C) 2003 M2 Systems Corporation. All rights reserved. All company names and product names may be trademarks or registered trademarks of their respective companies or owners. |
|
||||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion