EDIFACT: History and Organizational Structure EDIFACT is an acronym for EDI For Administration, Commerce and Transport. It coordinates international standardization by working through the UN/ECE (United Nations/Economic Commission for Europe). EDIFACT standards are mostly used in Europe. This post will introduce general terms and organizational concepts necessary to understand proper usage of the standard. As we have … Read More →
EDI Sarbanes-Oxley Act Definition and Meaning EDI Sarbanes-Oxley Act of 2002 was created as a response to corporate fraud scandals such as the Enron, Arthur Anderson and WorldCom scandal. All publicly traded companies who are registered with the Securities and Exchange Commission (SEC) must comply with EDI Sarbanes-Oxley. EDI falls under the Sarbanes-Oxley (SOX) 404 … Read More →
271 ASC X12 Premium Payment Grace Period Notification: public review of Implementation Guide (007030X344) 271 ASC X12 Premium Payment Grace Period Notification Implementation Guide (007030X344) was developed by Insurance Subcommittee of ASC X12. Now this guide is available for public view. During this period the committee will provide an informational forum where the audience can discuss the document, review comments and … Read More →
HIPAA History, Rules and Regulations In 1996, President Clinton responded to the need for more efficient healthcare services at lower costs. The solution was signing into law the Kennedy-Kassebaum Act. This act is also known as Health Insurance Portability and Accountability Act (HIPAA). It makes standards for healthcare EDI under the rules of the Department of … Read More →