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
Accuracy:
Cost savings:
Start with the Low-Hanging Fruit

Content: Before HIPAA, there were over 400 forms for processes, many of which were paper-based. EDI and Data Integration Benefits for the Healthcare Industry
EDI and related integration disciplines can positively impact the financial well being of healthcare organizations in the following ways: Standardization: Eliminates confusion and complexity caused by competing local or proprietary formats
All recipients receive messages in a clear and consistent format
Consistent formats mean staff no longer must spend trying to decode “foreign” message formats
Efficiency: Consistency leads to efficiency; efficient processes saves time and money
Automatic data transmission is more efficient because humans are not involved
Automatic data transmission allows those who need the data to receive and act on it sooner
Accuracy: Humans err— which is inevitable— leads to expensive mistakes
Automated data entry drastically reduces the likelihood that errors will take place
EDI helps prevents errors and increase confidence in the accuracy of data you receive
Cost savings: Efficiency and greater accuracy yield greater cost savings for healthcare organizations
EDI and MFT eliminates the time and effort required to support paper-based processes
The US government estimates that healthcare EDI can save $1.49 per claim for physicians with digital transactions
Security: EDI’s format prevents unauthorized parties from being able to access patients’ personal information in a human-readable way
Higher security through healthcare EDI transactions and MFT lowers the risk of HIPAA violations
EDI-based communications protect patients from breaches and organizations from financial penalties and reputation risk
Improved productivity: EDI and related data integration tools can lower costs through higher productivity
EDI transactions reduce time wasted entering data by hand and resolving incorrectly entered information
Healthcare EDI removes uncertainty and the need to confirm the recipient got the information they need
Start with the Low-Hanging Fruit
Despite numerous technological advances, the healthcare industry still relies on an enormous amount of paper and manual procedures.