NASHVILLE, Tenn., Sept. 9 /PRNewswire-FirstCall/ -- Emdeon (NYSE: EM), a leading provider of revenue and payment cycle management solutions, today announced it has again achieved full accreditation with the Healthcare Network Accreditation Program (HNAP) from the Electronic Healthcare Network Accreditation Commission (EHNAC). EHNAC's HNAP accreditation recognizes excellence in health data processing and transactions and indicates compliance with industry-established standards and HIPAA regulations. Emdeon and its affiliates have maintained EHNAC accreditation since 2001.
"It is an honor to receive the EHNAC stamp of approval from our industry peers in the processing of health data and transactions," said George Lazenby, chief executive officer of Emdeon. "We believe this re-accreditation further demonstrates our commitment to achieving industry recognition for superior performance and improving the business of healthcare."
Through a consultative review process, EHNAC evaluated Emdeon in areas of privacy measures, systems availability and security infrastructure. In addition, EHNAC reviewed Emdeon's process of managing and transferring protected health information and determined that the organization exceeds all EHNAC criteria and industry standards. The accreditation is valid through August 13, 2011.
"Through EHNAC accreditation, Emdeon has demonstrated a commitment to ensuring the security and privacy of health data processing and transactions for its customers," says Lee Barrett, executive director of EHNAC. "We are pleased to have Emdeon again join our select group of HNAP-accredited organizations and congratulate them on this achievement."
Emdeon (NYSE: EM) 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, 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 www.emdeon.com.
The Electronic Healthcare Network Accreditation Commission (EHNAC) is a voluntary, self-governing standards development organization established to develop standard criteria and accredit organizations that electronically exchange healthcare data. These entities include electronic health networks, payers, financial services firms, and e-Prescribing and other solution providers. EHNAC was founded in 1993 and is a tax-exempt 501(c)(6) nonprofit organization. Guided by peer evaluation, the EHNAC accreditation process promotes quality service, innovation, cooperation and open competition in healthcare. To learn more, visit www.ehnac.org or contact firstname.lastname@example.org.
This press release contains forward-looking statements. You should not place undue reliance on those 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. Forward-looking statements include information concerning Emdeon's possible or assumed future results of operations, including descriptions of Emdeon's business strategy. These statements often include words such as "may," "will," "should," "believe," "expect," "anticipate," "intend," "plan," "estimate" or similar expressions. These statements are based on assumptions that Emdeon has made in light of its experience in the industry as well as its perceptions of historical trends, current conditions, expected future developments and other factors it believes are appropriate under the circumstances. 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. These factors are 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 filed with SEC.
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. New risks and uncertainties come up from time to time, and it is impossible for Emdeon to predict these events or how they may affect it. Emdeon has no obligation to update any forward-looking statements after the date hereof, except as required by federal securities laws.
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