Healthcare organizations are being challenged to provide quality services and comply with regulatory requirements without losing eye on keeping costs in check. Systems at different organizations interacting with each other electronically, have crucial role in terms of integration between them and traditionally been using expensive Electronic Data Interchange (EDI) solutions and proprietary VANs in many activities such as information exchanging of claims, eligibility, and payment advice information and such. Full scale EDI integration by a single entity can be done only by large investment.
Through studies it is found that electronic transactions costs for process very little compared to manual transactions. The platforms, B2B solutions, standards and technologies have reduced the transaction costs for the partner coming on board.
With the developments in the technologies and new compliance standards, the modernisation of the EDI transactions has become a necessity.