EDI: Streamlining and automating the exchange of information in Healthcare Revenue Cycle Electronic Data Interchange (EDI) plays a critical role in the healthcare revenue cycle by streamlining and automating the exchange of information between healthcare providers, payers, and other entities. Key contributions of EDI to the healthcare revenue cycle Claims Submission: EDI facilitates the electronic … Read More →
HIPAA Risk Assessment for Covered Entities and Business Associates The requirement for Covered Entities and Business Associates to conduct a HIPAA risk assessment is not a new provision of the Health Insurance Portability and Accountability Act. The requirement was first introduced in 2003 in the HIPAA Security Rule (45 CFR § 164.308 – Security Management Process), … Read More →
HIPAA EDI Standard History EDI is the process of using nationally established standards to exchange electronic information between business entities. These national standards are developed and maintained by a group of standards development organizations (SDOs), such as the Accredited Standards Committee (ASC) X12 and the National Council of Prescription Drug Programs (NCPDP). The Department of Health … Read More →
Optimizing the revenue cycle in healthcare with electronic data interchange (EDI) EDI In the Healthcare Revenue Cycle means streamlining processes to improve efficiency, accuracy, and speed of transactions. Let’s look at the steps which will help to optimize the revenue cycle using EDI. Automate Data Entry: Implement EDI systems to automate data entry for claims, payments, and other … Read More →