Tibco partners with Edifecs on providing HIPAA solutions
PALO ALTO, Calif. (May 6, 2002)
-- TIBCO Software Inc. (Nasdaq: TIBX)
today extended its long-standing commitment
to the healthcare industry, announcing
new levels of Enterprise Application
Integration (EAI) and Business-To-Business
(B2B) integration for healthcare companies
with its newest release of TIBCO ActiveExchange™
3.0. TIBCO ActiveExchange delivers
a Healthcare Integration Pack (HIP)
that reduces the cost of interacting
with other healthcare providers, payers
and partners, provides a cost-effective
and flexible platform for long-term
strategic initiatives, improves customer
service, and helps healthcare providers
achieve and maintain compliance with
government mandates for standardization.
TIBCO also announced today it is engaging
in joint technology and marketing
with Edifecs and HTC Global Solutions
to deliver solutions for healthcare
companies to comply with the Health
Insurance Portability and Accountability
Act of 1996 (HIPAA).
In today's business environment,
the healthcare industry is challenged
with conducting increasingly complex
business processes and transactions
and sharing information with a growing
number of business partners and clients
with the utmost security, all at Internet
speed. Many transactions, such as
the completion and sharing of purchase
orders and invoices, continue to be
primarily manual, collaborative activities
that occur between a number of partners.
These processes often take months
to complete.
TIBCO ActiveExchange™ automates
such business processes to decrease
the costs associated with manual transactions
and procedures and reduces the possibility
of duplications or errors. ActiveExchange™
provides the security and integrity
of online interactions with robust
authentication and authorization,
encryption and non-repudiation and
creates an enhanced communication
platform between healthcare providers,
their partners and clients, providing
real-time information for better informed
business decisions and improved customer
service.
Solutions for HIPAA Compliance
By October 2003, healthcare providers,
payers, government agencies and other
self-insured companies affected by
the Health Insurance Portability and
Accountability Act of 1996 (HIPAA),
will need to address strict new HIPAA
transaction standards. The new HIPAA
standards were developed to improve
service and provide more efficient
healthcare operations through standardized
e-commerce processes and effective
uses of computer systems in the healthcare
community. TIBCO is working with Edifecs
and HTC Global Solutions to develop
integration enablement solutions that
provide the fastest, most reliable
and risk-adverse path to HIPAA transaction
compliance and partner enablement,
while delivering return on investment.
"HIPAA compliance is largely
an enterprise application integration
problem," said Wes Rishel, research
director of Gartner Research. "Healthcare
organizations should choose remediation
tools that bring to bear the full
suite of application integration capabilities
to bear on the problem."
"TIBCO delivers the most powerful,
flexible and reliable integration
solutions on the market, making the
decision to partner with them on our
Integration Enablement Solutions for
HIPAA an easy choice," said Sunny
Singh chief executive officer of Edifecs.
"Additionally, TIBCO has a long-standing,
solid reputation within the healthcare
industry, which affords a high level
of trust and accountability for our
current and potential customers."
"HIPAAworks combines TIBCO's
Healthcare Integration Pack with HTC's
popular HIPAArtner methodology framework
and toolkits, to establish a truly
strategic platform to achieve HIPAA
compliance. Our customers will see
HIPAAworks not merely as a means to
achieve regulatory compliance, but
as a flexible and cost-effective electronic
foundation to achieve tangible return
on investment. Beyond compliance,
healthcare providers will be able
to bring about key business process
improvements through improved integration
and connectivity," said Madhava
Reddy, chief executive officer of
HTC Global Services. "We are
very excited about this opportunity
to partner with TIBCO to help our
customers tame HIPAA and realize value
that far transcends regulatory compliance."
"TIBCO ActiveExchange provides
tremendous benefits for the healthcare
industry, enabling providers to conduct
business with their partners and clients
more quickly, effectively, and more
securely," said Murat Sonmez,
senior vice president for TIBCO Software.
"TIBCO has been a long-term player
within the healthcare industry and
continues to be a strategic leader,
developing solutions and forming partnerships
that address the needs specific to
the industry."
About TIBCO ActiveExhangeT™
TIBCO ActiveExchange gives companies
the ability to securely exchange information
over the Internet and leverage it
to automate processes and transactions
with other businesses. TIBCO ActiveExchange
makes interactions more efficient
by eliminating delays caused by slow
and error-prone means of information
exchange, such as fax and email, and
by reducing the number of manual steps
involved in processes. TIBCO ActiveExchange
provides the security and integrity
of interactions with robust authentication
and authorization, encryption, and
non-repudiation and supports Internet
protocols and industry standards such
as XML, EDI and RosettaNet, enabling
companies to leverage their existing
investments.
About TIBCO Software Inc.
TIBCO Software Inc. (NASDAQ:TIBX)
is a leading provider of total business
integration solutions delivering infrastructure
software that enables businesses to
seamlessly integrate business systems
in real-time. TIBCO technology was
first used to digitize Wall Street
and has since been adopted in diverse
industries including financial services,
telecommunications, electronic commerce,
transportation, logistics, manufacturing
and energy. TIBCO's global customer
base includes more than 1,500 customers
such as NEC, Dynegy, BP, eBay, US
Bank, The Limited, Delta Air Lines,
Philips, AT&T, Pirelli, Yahoo!
and Cisco Systems. Headquartered in
Palo Alto, California, TIBCO can be
reached at 650-846-1000 or on the
web at www.tibco.com.
About Edifecs
Edifecs (www.edifecs.com) is the proven
provider of solutions for rapidly
deploying and managing today's
private trading partner networks.
The Edifecs solution suite encompasses
the CommerceDesk™, SpecBuilder™
and XEngine™ product families,
healthcare specialization of those
product families, and a Services group
with demonstrated expertise in B2B
standards---all designed to reduce
cost and time-to-market for companies
building complex trading partner networks.Founded
in 1996, Edifecs serves an installed
base of more than 1,000 customers
and partners with numerous B2B providers
such as GE Global eXchange Services
and Peregrine Systems. Edifecs is
a technology partner for more than
30 industry consortia including RosettaNet,
ebXML, UN/CEFACT, CompTIA, and OBI.
Based in Bellevue, Washington, Edifecs
is privately held, with investment
from GE Global eXchange Services.
More information can be found at www.edifecs.com.
About HTC Global Services,
Inc.
An Inc. 500 Hall of Fame Company,
HTC is a leading provider of information
technology services and solutions
to companies worldwide. Founded in
1990, HTC employs over 1000 highly
qualified subject matters experts,
architects, and professionals providing
innovative industry specific IT solutions.
HTC's success, in part, is due to
a long tradition of delivering on
time and within budget IT solutions.
Focusing on the core offerings of
enterprise application integration,
information planning, quality management,
enterprise support and projects outsourcing,
HTC has created several success stories
across diverse industry groups. HTC
is committed to partnerships that
sustain long-term, proven value in
order to win in today's global marketplace.
HTC is a SEI/CMM Level 3 and ISO9001
certified organization. HTC's Healthcare
Practice has helped with IT initiatives
in all areas of the care continuum
and is committed to offering the largest
benefit to healthcare organizations.
Visit HTC's website at www.htcinc.com
for more information.
# # #
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Now, TIBCO Software and TIBCO ActiveExchange
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other product and company names and
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and are mentioned for identification
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# # #
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Statements: This release contains
forward-looking statements regarding
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# # #
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