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:11/25/2015)... 2015 2 nouvelles études permettent d ... les différences entre les souches bactériennes retrouvées dans la plaque ... êtres humains . Ces recherches  ouvrent une nouvelle ... en charge efficace de l,un des problèmes de ... .    --> 2 nouvelles études permettent ...
(Date:11/25/2015)... ... November 25, 2015 , ... A long-standing partnership between the ... has been formalized with the signing of a Memorandum of Understanding. , AMA ... Capt. Karl Minter and Capt. Albert Glenn Tuesday, November 24, 2015, at AMA ...
(Date:11/24/2015)... N.J. (PRWEB) , ... November 24, 2015 , ... The ... the recipient of the 2016 USGA Green Section Award. Presented annually since 1961, the ... through his or her work with turfgrass. , Clarke, of Iselin, N.J., ...
(Date:11/24/2015)... ... November 24, 2015 , ... International Society for Pharmaceutical Engineering ... premier annual events for pharmaceutical manufacturing: 2015 Annual Meeting. The conference took place ... the largest number of attendees in more than a decade. , “The ...
Breaking Biology Technology:
(Date:11/18/2015)... --> --> ... report titled  Gesture Recognition Market - Global Industry Analysis, ... to the report, the global gesture recognition market was valued at ... US$29.1 bn by 2021, at a CAGR of 20.3% ... dominated the global gesture recognition market in ...
(Date:11/17/2015)... 2015  Vigilant Solutions announces today that Mr. ... Directors. --> --> ... the partnership at TPG Capital, one of the largest ... Billion in revenue.  He founded and led TPG,s Operating ... companies, from 1997 to 2013.  In his first role, ...
(Date:11/12/2015)... -- A golden retriever that stayed healthy despite having the ... a new lead for treating this muscle-wasting disorder, report ... MIT and Harvard and the University of São Paolo ... Cell, pinpoints a protective gene that boosts muscle ... Boston Children,s lab of Lou Kunkel , PhD, ...
Breaking Biology News(10 mins):