Navigation Links
New Trend Sweeping Nation's Health Plans: Transaction Automation

DUBLIN, Ohio, May 28 /PRNewswire/ -- The automation of transaction-based processing is finding new currency among leading health plans in the United States. Foresight Corporation of Dublin, Ohio reports growth in both the number and scale of installations of Transaction Insight(R) - the leading platform used for transaction automation.

Transaction automation techniques enable healthcare organizations to cut operational costs significantly by integrating validation, error reporting, automated alerting, online correction of enrollments, claims, & payments, and real-time business intelligence for all healthcare electronic transactions.

"National and regional health plans are realizing the tremendous advantages available to them when they can capture detailed transactional information and use it to generate a very broad, clear and objective picture of their operation," said Robert Fisher, Foresight CEO. "More health plans are recognizing the profound impact of this approach which has saved some organizations millions of dollars in first-year costs alone."

Major health plans using Foresight's Transaction Insight now include WellPoint Inc., Coventry Health Care, Independent Health Association Inc., Kaiser Foundation Hospitals, Arizona Health Care Cost Containment System (AZ Medicaid), Blue Cross Blue Shield of Nebraska, New York State Catholic Health Plan, and others.

Now in its fourth year of mission-critical production usage, Transaction Insight has been extended to provide a central monitoring/reporting facility and repository for status information from adjudication, translation, clearinghouse, and other systems to bridge the gap between the IT infrastructure and the business demands for timely, high-value information.

As the market is growing more sophisticated and specific about its requirements, the recent spike in demand reflects recognition among payers that this technology can be used to solve multiple operational challenges as an integral, reliable part of the IT/Business infrastructure. Foresight's collaborative investment with its customers has positioned Transaction Insight as the only transaction automation solution successfully deployed.

This customer base collaboration has also resulted in co-creation of new extensions to Transaction Insight that solve operational and reporting problems that emerge as organizations undertake infrastructure modernization.

About Foresight Corporation

Foresight is driven by a passion for co-creation, working hand-in-hand with customers to solve today's issues and anticipate tomorrow's challenges. Foresight learns a customer's business goals in detail, then works closely to deliver exactly-right solutions. Years of both business and technical experience power a dynamic approach that is unique; the body of knowledge accumulated from working with industry leaders ensures Foresight develops business solutions that are intuitive to the business processes-and the people-they're designed to support.

The Transaction Insight platform is used by leading healthcare payers and BCBS plans nationwide to provide insight into business operations while shortening revenue cycles, reducing administrative costs, and improving provider relations. For almost 20 years, Foresight has helped customers build standards-compliant networks, address mandates like HIPAA and NPI, connect partners, validate transactions, and secure operational efficiencies. For more information, visit or call 1.888.500.0800.

Transaction Insight is a registered trademark of Foresight Corporation.

SOURCE Foresight Corporation
Copyright©2008 PR Newswire.
All rights reserved

Related biology technology :

1. BioTrends Releases Two Publications - TreatmentTrends(TM): Nephrologists and TreatmentTrends(TM): Renal Dietitians - Highlighting Market Trends for Renal Anemia, Hyperphosphatemia, and Secondary Hyperparathyroidism
2. Liver Diseases: A Huge European Health Burden, But Some Trends are Positive
3. Boom in Older-Mom Trend Drives Bay Area IVF Experts to Launch Shared-Egg Program
4. CyberKnife Users Meeting Highlights Major Clinical Data Milestones and Emerging Trends
5. BioTrends Releases Fourth Annual Nephrology TreatmentTrends Publication Highlighting Market Trends for Renal Anemia, Hyperphosphatemia, and Secondary Hyperparathyroidism
6. Free CME-certified Webcast: Making Your Case: Up-to-date Answers for Developing Trends in PCI
7. Many paths, few destinations: How stem cells decide what theyll be
8. Lilly Employees from Nearly 50 Nations Participate in Companys First-Ever Global Day of Service
9. Imaging Diagnostic Systems Accepts Resignations of Outside Directors
10. GBC Seeks Nominations for Regions Third Annual Bioscience Awards
11. Blood Donations in U.S. Testing Positive for Chagas Disease
Post Your Comments:
(Date:6/27/2016)... ... June 27, 2016 , ... ... Amgen, will join the faculty of the University of North Carolina Kenan-Flagler ... of strategy and entrepreneurship at UNC Kenan-Flagler, with a focus on the school’s ...
(Date:6/24/2016)... discussions on a range of subjects including policies, debt and ... Poloz. Speaking at a lecture to the Canadian ... to the country,s inflation target, which is set by both ... "In certain areas there needs to be ... why not sit down and address strategy together?" ...
(Date:6/24/2016)... ... ... Researchers at the Universita Politecnica delle Marche in Ancona combed medical journal articles ... findings are the subject of a new article on the Surviving Mesothelioma website. ... blood, lung fluid or tissue of mesothelioma patients that can help point doctors to ...
(Date:6/23/2016)... , June 23, 2016   Boston ... of novel compounds designed to target cancer stemness ... has been granted Orphan Drug Designation from the ... treatment of gastric cancer, including gastroesophageal junction (GEJ) ... inhibitor designed to inhibit cancer stemness pathways by ...
Breaking Biology Technology:
(Date:3/23/2016)... 2016 Einzigartige ... und Stimmerkennung mit Passwörtern     ... MESG ), ein führender Anbieter digitaler Kommunikationsdienste, ... SpeechPro zusammenarbeitet, um erstmals dessen Biometrietechnologie einzusetzen. ... Möglichkeit angeboten, im Rahmen mobiler Apps neben ...
(Date:3/22/2016)... and SANDY, Utah , March ... operates the highest sample volume laboratory in ... and UNIConnect, leaders in clinical sequencing informatics and molecular ... of a project to establish the informatics infrastructure for ... NSO has been contracted by the Ontario Ministry ...
(Date:3/18/2016)... LONDON , March 18, 2016 ... Established Suppliers of Biometrics, ICT, Manned & Unmanned Vehicles, Physical ... & security companies in the border security market and ... and Europe has led ... your companies improved success. --> defence & ...
Breaking Biology News(10 mins):