BELLEVUE, WA – December 11, 2019 – Edifecs, Inc. announced today its slection as a finalist in the 2019 Fierce Innovation Awards – Healthcare Edition, a peer reviewed awards program from the publisher of FierceHealthcare. The program highlighted companies that demonstrate innovative solutions and have had the greatest potential to save money, engage patients or revolutionize the industry over the past 12 months. Edifecs was recognized as a finalist in the category of Financial/Operational Solutions for its innovative, industry leading software, Edifecs Encounter Management.
“The Encounter Management platform was built to help health plans challenged by encounter systems and manual processes brought on by operating in different lines of business,” said Sunny Singh, Edifecs President and CEO. “Our technology is critical to helping plans ensure revenue integrity and avoid heavy fines and penalties in the event their encounter data isn’t fully functioning. This software has provided end-to-end encounter lifecycle management across lines of business for over 750 million encounter submissions annually with first pass rates of over 99%. These outstanding results are a testament to our team. We’re honored to be named as a finalist in the Fierce Innovation Awards and proud of our team for their commitment to this platform.”
Edifecs Encounter Management is designed to deliver a consolidated platform to ensure the accuracy, completeness and timeliness of encounter data submissions across all managed care programs and lines of business. Using the platform, health plans can manage all aspects of CMS RAPS/EDPS submission and reconciliation, state-specific Medicaid encounters, dual eligible programs and the Marketplace without the IT and administrative cost and complexity of operating multiple systems.
Finalists’ applications were reviewed by an exclusive panel of executives from major healthcare companies including Aveus, Change Healthcare, Hackensack Meridan Health, Consuming Health, Aspen Institute Health Innovators, Accenture Health, Proliance Surgeons, Cook Children’s Health Care System, Duncan Regional Hospital, Asprius and GNSHealthcare. All applications were evaluated based on the following criteria: effectiveness, technical innovation, competitive advantage, financial impact, and true innovation. A full list of judges can be found at https://fiercehealthcareawards.secure-platform.com/a/page/judges
View the FierceHealthcare Innovation Report here.
To learn more about the Edifecs Encounter Management platform, visit https://www.edifecs.com/products-solutions/revenue-growth/encounter-management/.
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Edifecs develops innovative, cost-cutting information technology solutions to transform the global healthcare marketplace. Since 1996, Edifecs technology has helped healthcare providers, insurers, pharmacy benefit management companies and other trading partners trim waste, reduce costs and increase revenues. More than 350 healthcare customers today use Edifecs solutions to simplify and unify financial and clinical transactions. In addition, Edifecs develops supply chain management solutions to support worldwide customers in non-healthcare industry segments. Edifecs is based in Bellevue, WA, with operations internationally. Learn more about us at www.edifecs.com.