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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/