Title: What Is Healthcare EDI and Why Does It Matter?
Headings: What Is Healthcare EDI and Why Does It Matter?
What Is Healthcare EDI and Why Does It Matter?
What Is Healthcare EDI?
Healthcare EDI and HIPAA Compliance
EDI and Data Integration Benefits for the Healthcare Industry
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Content: However, for those who may be unfamiliar, EDI (Electronic Data Interchange) is one of several core integration disciplines ( EAI, MFT, APIs) that work together to deliver significant ROI and drive digital transformation. EDI and other data exchange formats can deliver the same benefits to the healthcare industry as it has to manufacturing, especially in supply chain management. EDI allows organizations to transmit data back and forth using standardized formats. Information sent electronically virtually eliminates manual errors. As a result of fast, more efficient data processing, supply chain communications can occur at or close to real time. For these reasons, EDI is the primary conduit for the flow of goods, services, and revenue throughout the global economy. The roots of healthcare EDI stem from the first Bush administration’s concern for rising healthcare costs. In 1991, the Workgroup for Electronic Data Interchange was formed to address the inefficiencies in the American healthcare system. The Workgroup played a significant role in the enactment of the Healthcare Insurance Portability and Accountability Act (HIPAA) of 1996. Healthcare EDI and HIPAA Compliance
What does healthcare EDI have to do with HIPAA compliance?