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FEE REDUCTION TO STIMULATE ELECTRONIC HEALTHCARE TRANSACTIONS LOWER ADMINISTRATIVE HEALTHCARE COSTS ANTICIPATED

 SECAUCUS, N.J., Dec. 18 /PRNewswire/ -- An initiative to reduce the nation's administrative costs of health care was introduced today by The National Electronic Information Corporation (NEIC) which will lower its electronic transaction charges by more than 18 percent to member payors that meet quality standards.
 Announcing that the kick-off date for the initiative is July 1, 1993, to allow as many payors as possible to participate, Kenneth J. O'Donnell, NEIC president and CEO said, "We're sending a powerful message to the healthcare marketplace: the greater a payor's commitment to moving claims and data electronically, the greater the savings."
 Taken together, NEIC member payors provide health care and dental coverage to over 95 million Americans. "This new monetary incentive plan will generate administrative savings while improving the quality of service," said O'Donnell.
 Payors, including commercial carriers, managed care entities, third party administrators (TPAs) and Blue Cross, must meet established quality standards to take advantage of the incentive pricing plan. This involves acceptance of all claims electronically (except for Home Health, Vision, Medicare Secondary, Workers' Compensation); participation in two-way communications; utilization of NEIC staff education and training materials; as well as support for marketing activities, sales seminars and provider education programs.
 "NEIC has taken the lead to eliminate all the primary barriers that may have delayed the shift to electronic data interchange," said O'Donnell. "We offer payors a multitude of resources to facilitate the transition from a paper-driven environment to a more efficient electronic method of doing business."
 NEIC recently reported a new record for processing commercial electronic healthcare claims in one month, set during October, 1992, with more than two million commercial claims sent electronically to payors.
 "With an added incentive to enjoy significant savings, we expect that our current member payors will increase their electronic claim volume and that new payors will join the NEIC electronic healthcare transaction network," said O'Donnell.
 More than 110,000 providers currently submit claims and other associated transactions through NEIC and its network of 500 vendors to member payors including managed healthcare entities.
 -0- 12/18/92
 /CONTACT: Geoffrey Cook of NEIC, 201-342-9111/


CO: The National Electronic Information Corp. ST: New Jersey IN: HEA SU: PDT

LD -- NY092 -- 8473 12/18/92 19:23 EST
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Date:Dec 18, 1992
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