Title: What is Electronic Data Interchange in Healthcare?
Headings: What is Electronic Data Interchange in Healthcare?
What is Electronic Data Interchange in Healthcare?
How EDI in healthcare works
Benefits of EDI in Healthcare
Standardization
Cost savings
Security
Improved productivity
Faster processing
Data-centric healthcare EDI
Looking Ahead

Content: EDI minimizes the instances of manual data errors, shipping errors, billing address errors, and the like. EDI has proven to be an efficient tool for insurance claims documentation due to the use of electronic attachments, which streamlines the process. Healthcare providers and payers have seen fewer denials and rework requests with the use of EDI. Further, transactions to multiple buyers can be done at one time. As a result, healthcare stakeholders can now focus their attention on more important tasks. Faster processing
EDI does not only benefit healthcare professionals and institutions but also the patients. One of the significant results of HIPAA was the right given to patients to access their healthcare information, which was “ a critical component to reinventing healthcare delivery .” EDI transactions are particularly beneficial for patients because it speeds up the claims and benefits process . These benefits, however, can only be fully tapped if healthcare institutions weave a data-centric healthcare EDI solution into their organizational fabric. Data-centric healthcare EDI
When implementing EDI systems or solutions, many factors should be considered such as the level of security and compliance the system or solution can provide, ease of integration, and time to value.