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Huge savings expected from new EDI standards.(electronic data interchange)
From:
Modern Healthcare
| Date:
September 9, 1996| Author:
Moore, J. Duncan, Jr.
| COPYRIGHT 1996 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.Copyright information
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A provision of the Kassebaum-Kennedy health insurance reform law recently enacted by Congress implements new federal standards for electronic data interchange (EDI) used by the healthcare industry. The new EDI standards will improve the processing and transmission of electronics claims data. Healthcare industry experts believe that the new EDI standards will reduce administrative costs by up to $5-$10 billion annually.
Congress finally has approved long-sought government standards f...
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