Today's announcement is a huge breakthrough for HRBC into the medical field. This gets HRBC into medical EDI, which accounts for over 4 billion (!) claim transactions alone a year. Formerly this business went primarily through clearinghouse/networks like ENVOY (ENVY) and HBOC... with St Josephs as a entry into this market in the west, this could spread into a lot of areas. First, most of the big participants (insurance companies, HMOs, hospitals, labs, and all types of providers of medical services) in the field really want to transition to a cheaper, easier, internet solution which HRBC provides. Next, they want to do other transactions besides claims, like electronic payments, patient eligibility, referrals, prescriptions, lab requests and reports, and on and on to approximately 17 possible transactions per patient episode.
If HRBC can satisfy this demand for interoperability without the VANS and their costs, earnings will go to the moon.
++++++++++++++++++
Harbinger Corporation Chosen by St. JosephHealth System; Electronic Commerce Solution Provides Financial and Healthcare Transaction Sets
July 9, 1998 09:00 AM
ATLANTA--(BUSINESS WIRE)--July 9, 1998--Harbinger Corporation HRBC , a leading provider of single-source electronic commerce software, services and solutions, today announced it has been chosen by St. Joseph Health System (SJHS), Orange, CA, to provide a multifaceted EC solution for SJHS's treasury management and healthcare transaction sets. The solution is based on Harbinger's TrustedLink(tm) Enterprise electronic data interchange (EDI) software, and TrustedLink Templar(R) Internet messaging and security software, for Microsoft Windows NT. The solution will be implemented with the assistance of consultants from Harbinger's Professional Services and Outsourcing Practice. The innovative solution will help SJHS consolidate EDI operations and leverage the Internet for financial and healthcare-related transactions across 14 hospitals and other owned and managed healthcare provider entities in California, Texas and New Mexico. SJHS's electronic commerce goals will be accomplished by integrating the EC/EDI functionality of Harbinger's TrustedLink Enterprise software with SJHS's hospital ........
|
