Emdeon Launches HIPAA Simplified Web Resource to Address Healthcare Industry Transition to HIPAA 5010, NCPDP D.0 and ICD-10 Stan
January 22 2010 - 7:30AM
PR Newswire (US)
Web site will house comprehensive transition guides, frequently
asked questions and best practice guidance NASHVILLE, Tenn., Jan.
22 /PRNewswire-FirstCall/ -- Emdeon Inc. (NYSE: EM), a leading
provider of healthcare revenue and payment cycle management
solutions, today announced the availability of HIPAA Simplified, a
one-stop online resource for guiding the healthcare industry's
transition to HIPAA 5010, NCPDP D.0 and ICD-10 standards. The Web
site is located at http://www.hipaasimplified.com/. The U.S.
Department of Health and Human Services (HHS) published rules that
require updated versions of the standards for electronic
transactions under the authority of the Health Insurance
Portability and Accountability Act of 1996 (HIPAA). These updated
standards (Versions 5010 and D.0) will replace the current
standards (Versions 4010/4010A1 and 5.1) and are designed to
promote greater efficiency in electronic transactions. Compliance
with the new HIPAA 5010 and NCPDP D.0 standards is required by
January 12, 2012. The ICD-10 code sets are required in transactions
as of October 1, 2013. Emdeon has launched HIPAA Simplified as a
resource to help guide the healthcare industry through the
transition to the new standards. The Web site will feature
technical gap analysis documentation, simplified business-level
topics, trading partner transition strategy information, frequently
asked questions, testing tools and resource pages that are specific
to each of the affected healthcare industry segments. In December
2009, Emdeon senior vice president of corporate strategy and
government services, Miriam Paramore, testified before the National
Committee on Vital and Health Statistics. During her testimony,
Paramore said, "Emdeon is committed to supporting our customers and
leading the industry in compliance and adoption of the new
standards and code sets." She continued, "Our goal is to be ready
in advance of the government mandated deadlines to ensure a smooth
and successful transition." HIPAA Simplified will be a
communications focal point as Emdeon helps its customers adopt the
5010 and D.0 standards prior to 2012. Because the conversion will
affect transaction sets for Emdeon's entire network of physicians,
hospitals, payers, pharmacies, dentists and channel partners,
Emdeon is working diligently to help its customers seamlessly meet
the new requirements for HIPAA 5010, NCPDP D.0 and ICD-10. About
Emdeon Emdeon is a leading provider of revenue and payment cycle
management solutions, connecting payers, providers and patients in
the U.S. healthcare system. Emdeon's product and service offerings
integrate and automate key business and administrative functions of
its payer and provider customers throughout the patient encounter.
Through the use of Emdeon's comprehensive suite of products and
services, which are designed to easily integrate with existing
technology infrastructures, its customers are able to improve
efficiency, reduce costs, increase cash flow and more efficiently
manage the complex revenue and payment cycle process. For more
information, visit http://www.emdeon.com/. Statements made in this
press release that express Emdeon's or management's intentions,
plans, beliefs, expectations or predictions of future events are
forward-looking statements, which Emdeon intends to be covered by
the safe harbor provisions for forward-looking statements contained
in the Private Securities Litigation Reform Act of 1995. These
statements often include words such as "may," "will," "should,"
"believe," "expect," "anticipate," "intend," "plan," "estimate" or
similar expressions. Forward-looking statements may include
information concerning Emdeon's possible or assumed future results
of operations, including descriptions of Emdeon's revenues,
profitability and outlook and its overall business strategy. You
should not place undue reliance on these statements because they
are subject to numerous uncertainties and factors relating to
Emdeon's operations and business environment, all of which are
difficult to predict and many of which are beyond Emdeon's control.
Although Emdeon believes that these forward-looking statements are
based on reasonable assumptions, you should be aware that many
factors could affect Emdeon's actual financial results or results
of operations and could cause actual results to differ materially
from those in the forward-looking statements, including the risks
discussed in the "Risk Factors" and "Management's Discussion and
Analysis of Financial Condition and Results of Operations" sections
and elsewhere in Emdeon's Registration Statement on Form S-1 and
the accompanying Prospectus thereto, as filed with the SEC, as well
as Emdeon's periodic reports filed with the SEC and other public
filings of Emdeon. You should keep in mind that any forward-looking
statement made by Emdeon herein, or elsewhere, speaks only as of
the date on which made. Emdeon expressly disclaims any intent,
obligation or undertaking to update or revise any forward-looking
statements made herein to reflect any change in Emdeon's
expectations with regard thereto or any change in events,
conditions or circumstances on which any such statements are based.
DATASOURCE: Emdeon Inc. CONTACT: Emdeon, Media Contact, Amanda
Woodhead, +1-615-932-3863, ; or Emdeon, Investor Relations Contact,
Tommy Lewis, +1-615-932-3235, Web Site: http://www.emdeon.com/
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