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VisionShare Inc. and Foresight Corp. Unveil Total OnBoarding(TM) System at Lake Placid NPAG Conference
MINNEAPOLIS-(Business Wire)-October 2, 2008 - Minneapolis-based VisionShare® Inc. and Foresight Corporation of Columbus, OH introduce Total OnBoarding™. The strategic partners unveiled the groundbreaking online self-service system for healthcare payers and Medicare contractors as a way to streamline the entire process of building an authenticated trading community, and to help them prepare early for the March 2010 transition to the 5010 HIPAA mandate. The introduction of Total OnBoarding™ at the recent BCBS Association National Plan Automation Group (NPAG) Conference in Lake Placid, New York marks the first collaboration of VisionShare Inc. and Foresight Corp. technologies.
According to VisionShare President and CEO John Feikema, Total OnBoardingâ„¢ saves time and money by enabling payers to move more claims and the other HIPAA transactions into production faster. “In addition to automating the ongoing process of provider enrollment, payers are also evaluating Total OnBoardingâ„¢ as a system that can support the migration of thousands of providers to a new payer as a result of Medicare contracting reform and as a simple, cost-effective solution for ensuring compliance to the emerging 5010 and ICD10 standards,†said Feikema. “We understand the challenges payers face in today’s constantly changing and highly competitive environment and were pleased by the positive response from the eleven distinct payer organizations that previewed Total OnBoardingâ„¢ at NPAG.â€
Total OnBoardingâ„¢ is an automated, online self-service system that effectively guides healthcare transaction submitters through the process of registration, identity verification, testing and establishing a direct, secure connection to a payer for end-to-end processing of all HIPAA transactions. Total OnBoardingâ„¢ brings all the steps necessary for a healthcare submitter to establish a relationship with an insurance payer to an online format - significantly improving workflow and reducing the number of paper forms required today. Until now, these steps have been largely accomplished through paper forms and manual testing, both time-consuming and labor-intensive processes.
Total OnBoardingâ„¢ will help address one of the most important changes in decades by giving healthcare industry payers and submitters a system that will help automate the migration to the new 5010 mandated format by March of 2010. This first of its kind solution will help payers and submitters stay in compliance with HIPAA rules and regulations with minimal disruption. “Payers recall the HIPAA compliance effort of 2001-2003â€, noted Doug Spence, Executive Vice President for Foresight. “Foresight and VisionShare have collaborated to integrate the lessons learned from that experience into Total OnBoardingâ„¢. We’re enabling payers to automate the 5010 compliance certification and leverage the 2003-era investments they have already made in companion guides and other business and pre-adjudication edits to affect their 5010 plans cost-effectively.â€
VisionShare and Foresight will be demonstrating Total OnBoardingâ„¢ at the upcoming Blue Cross Blue Shield Association eHealth Symposium in New Orleans, November 19-21, 2008. Private demonstrations may be scheduled by calling 612.460.4360 or emailing pam.bednar@visionshareinc.com.
About VisionShare
VisionShare®, Inc., Minneapolis, Minnesota, is a leading provider of high-speed, low-cost data communication services for healthcare organizations. VisionShare has cost-effective solutions for healthcare facilities of all sizes that enable safe, high-speed connections to multiple payers over the Internet.
The company’s Secure Exchange Software is setting new standards for secure healthcare information exchange, using military-grade encryption that is CMS approved, HIPAA compliant and CAQH CORE certified. Today over 5000 healthcare facilities nationwide rely on VisionShare for easy, reliable and secure access to Medicare. Visit www.visionshareinc.com for more information.
About Foresight Corporation
Foresight is driven by a passion for co-creation, working hand-in-hand with customers to solve today’s issues and anticipate tomorrow’s challenges. Foresight learns a customer’s business goals in detail, then works closely to deliver exactly-right solutions. Years of both business and technical experience power a dynamic approach that is unique; the body of knowledge accumulated from working with industry leaders ensures that Foresight develops business solutions that are intuitive to the business processes—and the people—they’re designed to support.
The Transaction Insight Platform is used by leading healthcare payers and BCBS plans nationwide to provide insight into business operations while shortening revenue cycles, reducing administrative costs, and improving provider relations. For almost 20 years, Foresight has helped customers build standards-compliant networks, address mandates like HIPAA and NPI, connect partners, validate transactions, and secure operational efficiencies. For more information, visit www.ForesightCorp.com or call 1.888.500.0800.
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