In the HIPPA compliance space, take a look at HAXS.
Severely beaten down because of arbitrage, collapse of e-health sector, internet stock bear market, etc. but anecdotal evidence would suggest that adoption of one or more of their payor solutions (claims processing, enrollment, medical records imaging, et al) renders the adopter immediately HIPPA - compliant. Possibly best of breed technology. Very low risk at this level (similar to buying HLTH at 11). Revenue estimates on new contracts are $20-50 per year per covered life.
(A sample of their services)
HealthAxis offers solutions on an outsourcing basis. Outsourcing eliminates technological complexity and provides a guaranteed service level at a predictable price. The proprietary application systems are delivered on a transaction basis. All systems are Year 2000 ready and Internet enabled.
Applications Solutions
Insur-Claims®:
A comprehensive paperless claims processing solution that features, auto adjudication and PPO repricing for third party administrators, insurers, and self-administered groups.
Insur-Admin®:
A comprehensive eligibility system that features IVR and Web enrollment, group and individual billing, COBRA, and Flexible Spending Accounts.
Insur-Dental®:
A complete paperless dental claims system that features auto adjudication and X-ray imaging.
Insur-Enroll™:
A flexible, employee self-service benefits enrollment system that utilizes both Internet and Interactive Voice Response (IVR) technology.
Insur-Web™:
An Internet engine that extends the functionality of current HealthAxis products or client's legacy systems by providing a secure, scaleable Internet interface.
Insur-Image®:
An imaging/OCR workflow solution that can be integrated with the HealthAxis claims processing system or any other claims processing system.
Insur-Voice®:
An interactive voice response system used to establish eligibility, to determine claim status and for open enrollment.
Professional Services
HealthAxis services go well beyond proprietary application solutions. HealthAxis offers full platform outsourcing, systems integration as well as maintenance of client's legacy systems. Specifically:
Application
Management:
HealthAxis provides maintenance of legacy applications whether custom-developed or based on a third party package.
Systems
Integration:
Our skilled developers and project managers design, develop, and implement custom- or package-based solutions for the healthcare industry.
Computing
Services:
HealthAxis provides operations management for MVS mainframes, UNIX and NT servers. We design, implement, and manage voice and data networks and the distributed PC/LAN environment.
Data Capture and Image Retrireview Services
HealthAxis is an industry leader in providing comprehensive data capture and image retrireview services for healthcare claims processing. The services include:
Mailroom
Operations:
HealthAxis provides a full array of mailroom services for healthcare administration.
Imaging
Scanning:
We utilize our proprietary Insur-Image scanning platform for claims attachments and related correspondence.
I also like the looks of HLTH for a recovery now and have been buying calls on weakness this week. The chart is setting up a big inverted H&S:
Message 14443168
Data
Conversion:
We utilize OCR/ICR capabilities and manual data entry to convert from paper or image to EDI transactions.
Image Storage
& Retrireview:
We provide claims image retrireview services via the Internet. |
