Reap the Financial Rewards of HIPAA Compliance!

Lower Your Administrative Costs With HIPAAxchange™

In the nineties, the large accounting and consulting practices pedaled costly "office re-engineering" engagements as the means by which the health plan could reduce costs and improve operating efficiencies. Unfortunately, most engagements failed to deliver the results touted to the health plan - the technological infrastructure needed to sustain improvements did not exist or was not affordable for most health plans.

HIPAA (Health Insurance Portability and Accountability Act of 1996) actually provides the opportunity to realize substantial improvements in your health plan's bottom line - really! Today's administrators can either tolerate the HIPAA mandates as yet another layer of complex regulations to contend with, or envision the possibilities of lower administrative costs while dramatically improving the manner in which the health plan serves its members.

It is AdminiSoft's view that by standardizing the process of submitting electronic claims and other healthcare transactions, the technological infrastructure required to transform the health plan is essentially in place. Studies show that paper claims cost approximately $5.40 per claim in time, materials, salaries, benefits, and supplies. The same claim, submitted electronically, may only cost $0.85 - a whopping 85% savings! What other changes can be implemented that even come close to this figure?

According to the Data Interchange Standards Association (DISA), there are numerous benefits of electronic data interchange (EDI):

If you want to reap the financial rewards of HIPAA compliance, HIPAAxchange is a very important step in achieving your objective. HIPAAxchange becomes the hub of a technological infrastructure that truly "re-engineers" your office. It's the bridge between your legacy benefits administration system and the outside EDI world of trading partners.

Let AdminiSoft show you how a HIPAAxchange implementation will lower your administrative costs while greatly improving your productivity.

HIPAAxchange™ is the industry's first standalone HIPAA transaction compliance solution that coexists with your current benefits administration software, hardware, and network environment.

A typical HIPAAxchange installation (including server configuration, software installation, and addition to your network) can be completed within 7 business days after a contract is signed.

To learn more about how HIPAAxchange works, take a look at our brief PowerPoint® presentation.