Emdeon Business Services Renews EDI Services Agreement With Aetna
August 29 2007 - 8:30AM
PR Newswire (US)
NASHVILLE, Tenn., Aug. 29 /PRNewswire/ -- Emdeon Business Services
announced today that they have renewed their EDI Services agreement
with Aetna (NYSE:AET). Emdeon Business Services, a privately-held
company, provides revenue cycle management and clinical
communication solutions that enables payers, providers and patients
to improve healthcare business processes. Under the agreement,
which runs through September 2010, Emdeon Business Services will
continue to provide the core set of HIPAA transactions and, in
addition, the companies will collaborate to accelerate the adoption
of Electronic Remittance Advice (ERA) and the Electronic
Coordination of Benefit (eCOB) claims. "Given Aetna's market
leadership in supporting electronic connectivity within the
healthcare provider community, we are very pleased to continue and
extend our relationship which covers more than 20 years," said Gary
Stuart, Executive Vice President of Emdeon Business Services. "This
collaboration lends support to our vision of simplifying the
business of healthcare." Emdeon's extensive health information
network processes more than 3.5 billion transactions annually on
behalf of payers and providers. With more than 300,000 healthcare
providers utilizing its revenue cycle management services, Emdeon
leads the industry with a full suite of eligibility, claims, denial
management, patient billing, and payment solutions. About Emdeon
Business Services Emdeon Business Services is a leading provider of
revenue cycle management and clinical communication solutions that
enables payers, providers and patients to improve healthcare
business processes. Our solutions are designed to simplify the
business and improve the delivery of healthcare for providers,
payers and patients. Emdeon Business Services is owned by General
Atlantic LLC and HLTH Corporation (NASDAQ:HLTH). For more
information, visit http://www.emdeon.com/. About Aetna Aetna is one
of the nation's leading diversified health care benefits companies,
serving approximately 34.9 million people with information and
resources to help them make better informed decisions about their
health care. Aetna offers a broad range of traditional and
consumer-directed health insurance products and related services,
including medical, pharmacy, dental, behavioral health, group life,
long-term care and disability plans, and medical management
capabilities. Aetna's customers include employer groups,
individuals, college students, part-time and hourly workers, health
plans and government-sponsored plans. http://www.aetna.com/
DATASOURCE: Emdeon Business Services CONTACT: Tommy Lewis of Emdeon
Business Services, +1-615-565-2158, Web site:
http://www.emdeon.com/ http://www.aetna.com/
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