QuadraMed Launches New Electronic Data Interchange -- EDI -- Product; Chancellor EDI Accelerates Flow of Critical Billing Information.Business Editors/Health & Medical WritersSAN RAFAEL San Rafael (săn rəfĕl`), residential city (1990 pop. 48,404), seat of Marin co., W Calif., a suburb of San Francisco on the northern shore of San Francisco Bay; inc. 1913. , Calif.--(BW HealthWire)--May 28, 2002 QuadraMed Corporation (Nasdaq:QMDC) today announced the launch of its latest 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. software product, Chancellor(TM) EDI. The software allows hospitals to expedite and improve the accuracy and flow of critical billing information in 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, compliant format to payors. "Chancellor EDI gives hospitals the necessary tools to ensure that their claims are submitted and processed securely, accurately, and in a timely manner," said QuadraMed Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. Michael S. Wilstead. "Chancellor EDI allows hospitals to quickly complete and process their transactions and claims for faster and more accurate reimbursement. Its use improves hospitals' fiscal well-being by maximizing their accounts receivable accounts receivable n. the amounts of money due or owed to a business or professional by customers or clients. Generally, accounts receivable refers to the total amount due and is considered in calculating the value of a business or the business' problems in paying collection and cash flow." Chancellor EDI is designed to quickly download and edit data in conjunction with QuadraMed's data clearinghouse to process all claims. It allows hospitals to submit claims to payors in accordance with HIPAA regulations and enables them to compare claims against payor-specific requirements to ensure proper settlement. Chancellor EDI gives QuadraMed customers a range of flexible data interchange options and is compatible with a wide range of operating systems Operating systems can be categorized by technology, ownership, licensing, working state, usage, and by many other characteristics. In practice, many of these groupings may overlap. and network platforms. "Our facility has used QuadraMed EDI Claims products since 1995. QuadraMed EDI products have had an extremely positive impact on our cash flow," said Mary Bennett Mary Letitia Somerville Bennett (January 9, 1913 - November 1, 2005) was a British academic, best known for her tenure as Principal of St Hilda's College, Oxford between 1965 and 1980. Mary Bennett was the daughter of historian H. A. L. , Business Office Manager at Central Kansas Medical Center (CKMC CKMC Central Kansas Medical Center ), beta site for the new product. "We have found at CKMC that the new Chancellor EDI software is user-friendly and increases our claims processing efficiency." About QuadraMed Corporation QuadraMed is dedicated to developing information technology and providing consulting services that help healthcare professionals deliver outstanding patient care with optimum efficiency. Offering real-world solutions for every aspect of acute care information management, QuadraMed has four main product lines: Affinity(R) Healthcare Information System, Quantim(R) Health Information Management Software and Services, Complysource(R) Compliance Solutions, and Chancellor(TM) Financial Products and Services. Behind our products and services are nearly 1000 professionals whose healthcare experience has earned QuadraMed the trust and loyalty of its many customers. To find out more about QuadraMed, visit www.quadramed.com. QuadraMed, Affinity, Quantim, and Complysource are registered trademarks of QuadraMed Corporation. Chancellor is a trademark of QuadraMed Corporation. All other trademarks and registered trademarks are the properties of their respective holders. |
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