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Foresight in the News
Noridian Selects Foresight’s Transaction Insight® for Transaction Processing Automation
DUBLIN, OHIO -- (MAY 14, 2009) – Foresight Corporation, the nation’s leading provider of transaction processing automation solutions, has announced that Noridian Administrative Services, LLC (NAS), has selected Foresight’s Transaction Insight automation platform.
Noridian, a Medicare Contractor and subsidiary of BlueCross BlueShield of North Dakota, selected Transaction Insight to cut operational costs by providing complete visibility into its electronic transaction workflow. By capturing detailed healthcare transactional information, Noridian will be able to secure the real-time business intelligence to identify and eliminate key operational roadblocks across its many lines of business.
Transaction Insight has enabled payer, provider and clearinghouse organizations to save millions of dollars in first-year costs alone. Its reports, dashboards and metrics provide healthcare organizations a way to identify and act on problem transactions early, communicate immediate results and error trends to trading partners, make online corrections of enrollments, claims and payments, and analyze performance indicators.
“We were impressed with the power and track record of Transaction Insight and its success improving operational efficiencies,” explained Doug Stack, NAS EDI Manager. “By implementing Transaction Insight, Noridian will be able to optimize its infrastructure operating costs through transaction processing automation, as well as gain valuable visibility into the performance statistics for each of our trading partners.”
This relationship with Noridian extends Foresight’s reach into Blue Cross and Blue Shield plans for transaction validation and visibility to plans covering 31 states, more than any competitor. Major health plans using Foresight’s Transaction Insight now include WellPoint Inc., Coventry Health Care, Independent Health Association Inc., Kaiser Permanente, Arizona Health Care Cost Containment System (AZ Medicaid), Blue Cross Blue Shield of Nebraska, Fidelis Care, and others.
Transaction Insight, now in its fifth year of mission-critical production usage, is being used to solve multiple operational challenges as an integral, reliable part of a healthcare organization’s IT/Business infrastructure.
About Foresight Corporation
Now in its 20th year of business, Foresight Corporation helps customers build standards-compliant networks, address mandates like HIPAA 5010, connect partners, validate transactions and secure operational efficiencies. Foresight’s flagship Transaction Insight automation platform is used by leading healthcare payers and BCBS plans nationwide to provide visibility into business operations while shortening revenue cycles, reducing administrative costs and improving provider relations.
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.
Visit www.ForesightCorp.com, or call 888-500-0800.