09.06.06 Volume 3 Edition 9 iMed eNewsletter

The voice for the healthcare IT reseller community.

 Top Story:  The Future of EDI Clearinghouses

What will become of the small independent electronic claims clearinghouse?  With so many changes in the healthcare industry over the last 10 years, and with the economy in question, I turned my attention to the small independent electronic claims clearinghouse this month.  In following the Ingenix acquisition of ENS last May (see details), the number of small independent clearinghouses is officially down one – (Ingenix is neither small, nor independent).  So what does that say for the rest of the pack?  What will happen to the Gateway EDIs and the ET&Ts of the world?  It may come as a shock to you that the small independent clearinghouse is alive and well in the United States today and, in fact, many are thriving. More.

 An Invitation to the Vendors

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 About InvestMed
The InvestMed eNewsletter was developed as a resource for healthcare and technology resellers to receive help, training, and information pertinent to their success.  It addresses a need for communication, information, and education that wasn't currently being addressed by the industry vendors as a whole.  The InvestMed Monthly eNewsletter reaches nearly 7000 healthcare and technology industry professionals each month (via e-mail and the Web) containing articles and information written specifically for their unique market.  Additionally, InvestMed has branched out into developing solutions for problems that the vendors in the marketplace haven't addressed; solutions like InvestMed's Patient Kiosk.
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 Economics of Automation
Data Conversions - Manual or Electronic?  We’ve all heard the phrase “garbage in-garbage out”. It is usually quoted in reference to computer generated information in an unfavorable context. Derogatory comments are also heard often about human data entry errors. Regardless of its source, erroneous data distort summarized information drawn by computer programs on which a business depends to render mission critical decisions such as whether to send a $300.00 unpaid medical bill for collection or how much the business is worth to a potential buyer.  More.
 Quote-of-the-Month

"That's a shocking finding!  It's not only the number of breaches but the sensitivity of the information breached." - Beth Givens, director of Privacy Rights Clearinghouse (a non-profit consumer advocacy group), upon hearing that over 40% of federal health insurance contractors and state Medicaid agencies reported experiencing a privacy breach involving personal health information in the past two years.  09.05.2006

 Funny Bones:  Industry Comedy

When I chose to become a physician,
I was following a family tradition.
     But had I a peep
     Of how little I'd sleep,
I might have become a musician!
                           -- Howard Bennett, MD

 Industry News
Recent News that Might Affect Your Business

09.05.06 - Congress likely to tackle only modest healthcare measures before Nov. elections

09.05.06 - Government Report Finds Healthcare Privacy Breaches Rampant

09.01.06 - Preparing for Interoperability: EHRs and the Law

08.25.06 - Effort to Educate Lawmakers on I.T.

08.23.06 - Stolen Laptop Affects 28,000

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