Chicago, IL - September 27, 2010 - Healthation, a leading provider of payer administration systems, today announced a comprehensive ICD-10 and HIPAA 5010 initiative designed to help its healthcare payer customers prepare for a successful transition to the new coding and transaction standards. AcceleHealth®, the company's flagship payer administration platform supports both ICD-9 and ICD-10 coding, and the company has announced its timeline for related HIPAA 5010 Level I and Level II compliance work with its clients.
As part of the initiative, Healthation will also work with its customers, partners and other healthcare organizations to streamline and automate key operational workflows while ensuring timely compliance with the new ICD-10 and HIPAA 5010 requirements.
"ICD-10 is one of many major changes ahead for the healthcare industry, and due to the flexible, rules-driven nature of our platform, Healthation customers are uniquely well positioned to take advantage of future changes by responding faster and smarter than the competition," said Scott J. Kornhauser, Founder and CEO of Healthation. "As part of this initiative we will not only ensure that our customers meet all of the ICD-10 and HIPAA 5010 milestones, but we will also work with them to identify opportunities to innovate and streamline business processes as they do so. Because our customers see our core administration platform as a long-term strategic advantage, we are always looking ahead to make sure they are well prepared for the many changes the future will surely bring."
Healthation's core administration applications currently support both ICD-9 and ICD-10 codes, enabling clients to meet federal requirements and develop new benefit designs. The company's comprehensive and flexible rules based architecture enables users to configure benefit plan "code lists" that contain both ICD-9 and ICD-10 codes, as well as rules configuration to support mapping of codes for the adjudication process. HIPAA 5010 Level 1 compliance enhancements are scheduled to be available in Q4 2010. The company will work with its clients to ensure Level 2 compliance commencing in 2011.
Under new legislation, payers must demonstrate their ability to receive HIPAA 5010 transactions - transactions that define the rules of electronic transmission of healthcare data - in a test environment by January 2011, move those 5010 transactions into production by January 2012, and have the ability to accept ICD-10 codes by October 2013. ICD-10 is expected to provide a much more extensive way to track diagnoses and procedures than the current system. It is also expected to help health plans measure quality, safety and efficacy of cases, improve clinical, financial and administrative performance and prevent and detect fraud and abuse.
Healthation enables healthcare payers to future-proof their organizations with a flexible, rules-based administration system that is configured to meet current and future industry challenges with innovative, next-generation architecture to improve overall business performance. The company's offerings are available via SaaS in either an ASP or client-hosted environment and include: AcceleHealth®, the industry's only open-source, co-development payer system built to administer benefits and automate workflows across all lines of business, including medical, dental, vision, pharmacy, life and AD&D, and AboveHealth®, an integrated Web portal solution that supports payer's Web self-service and automation strategies with customizable portals for all constituents. For more information, please visit www.healthation.com.
Jessica Cohen for Healthation
Phone: 617.332.9999 x203