Informatica Launches B2b Data Exchange Solution for Healthcare Payers

Automates Electronic Claims Handling and Addresses HIPAA Compliance Challenges

• Press Release
• Source: Informatica Corporation
• On 7:00 am EDT, Monday October 26, 2009

REDWOOD CITY, Calif., Oct. 26, 2009 (GLOBE NEWSWIRE) --

Related Quotes

Symbol	Price	Change
INFA	22.40	-0.04

{"s" : "infa","k" : "c10,l10,p20,t10","o" : "","j" : ""}

News Facts

• Today, Informatica Corporation (Nasdaq:INFA - News), the world's number one independent provider of data integration software, announced availability of the B2B Data Exchange solution for Healthcare Payers.
• B2B Data Exchange meets healthcare payer data requirements for HIPAA data validation and HIPAA 5010 migration needs.
• B2B Data Exchange enables all relevant healthcare enterprises to fully validate HIPAA messages and increase first-pass adjudication rates.
• B2B Data Exchange provides electronic claims data exchange and HIPAA compliance infrastructure, including HIPAA validation functionality from Edifecs - the leader in HIPAA testing, certification and validation.

Proven enterprise technology solution for healthcare payers

The B2B Data Exchange solution for Healthcare Payers enables healthcare organizations to pursue business initiatives that will lower insurance rates, improve quality of patient care and reduce costs. This is achieved by implementing a patient hub that automates the exchange, validation, transformation and cleansing of data transactions between payers and providers.

• Universal Data Transformation - seamlessly transforms and integrates any data format (HL7, traditional EDI, XML, NCPDP, flat file, mainframe proprietary data, and unstructured attachment) in real time and batch.
• HIPAA Validation Compliance - ensures HIPAA compliance with out-of-the-box transformation and validation support for all available HIPAA rules and transaction sets.
• Migration to HIPAA 5010, ICD-10 and Beyond -supports evolving HIPAA standards with accurate, automated mappings between versions.
• On-Boarding of Partners and Systems - enables rapid and cost-effective on-boarding of healthcare providers and partners.
• End-to-end Data Integration and Visibility - automates the entire electronic claims data exchange process, including the ability to monitor bad data events.

Quotes

• "The Informatica B2B Data Exchange solution for Healthcare Payers is a comprehensive and economical offering for optimizing the electronic claims process, while ensuring HIPAA compliance," said Girish Pancha, general manager, Data Integration, Informatica. "Customers can now leverage a unified platform for automating the entire electronic claims data exchange process, and avoid having to weave together an assemblage of niche solutions. Healthcare insurers with existing Informatica investments can increase the value of those investments and meet the specific challenges of efficient electronic claims processing and regulatory compliance."
• "It is a pleasure to partner with Informatica as they bring such a versatile and multifaceted solution to market to address the challenges healthcare insurers and plans face today," said Sunny Singh, CEO, Edifecs. "Our joint value proposition of ensured regulatory and industry compliance and ensured data quality across healthcare transactions and processing will help healthcare insurers reduce risk, increase business efficiency, minimize operational costs and enhance customer satisfaction."

Supporting Resources:

B2B Data Exchange for Healthcare Payers Hub

Healthcare Solutions from Informatica

Discussion forum on Informatica TechNet

About Informatica

Informatica Corporation (Nasdaq:INFA - News) is the world's number one independent provider of data integration software. The Informatica Platform provides corporations with a comprehensive, unified, open and economical approach to lower IT costs and gain competitive advantage from their information assets. More than 3,850 enterprises worldwide rely on Informatica to access, integrate and trust their information assets held in the traditional enterprise and in the internet cloud. For more information, call +1 650-385-5000 (1-800-653-3871 in the U.S.), or visit www.informatica.com.

About Edifecs

Edifecs provides vertical solutions for transaction interoperability that ensure compliance, improve quality, and provide end-to-end proactive visibility and real-time business intelligence for healthcare enterprises. An industry leader since 1996, Edifecs has maintained a reputation for providing client-focused solutions that improve business performance by mitigating risk, reducing costs, and improving profitability. Edifecs is strongly driven by its customers' success and has over 300 customers and partners in healthcare that include Blue Plans, Medicaid, State and Federal agencies, Providers and most leading middleware stack vendors. Edifecs is headquartered in Bellevue, WA. Company website: www.edifecs.com.

Trademarks

Note: Informatica, Informatica Payer Data Hub, Informatica Platform and Informatica B2B Data Transformation are trademarks or registered trademarks of Informatica Corporation in the United States and in jurisdictions throughout the world. All other company and product names may be trade names or trademarks of their respective owners.

Informatica Corporation
Deborah Wiltshire
+1 650 385 5360
Mobile: +1 650 862 8186
dwiltshire@informatica.com
Ogilvy PR
David Friedman
+1 303 634 2674
infaopr@ogilvypr.com