SOURCE: Enclarity Inc.
Enclarity Announces Significant New Enhancements to Its ProviderPoint Healthcare Information Solution
Improvements Extend Company's Market Leadership; Enable Greater Administrative Cost Savings for Healthcare Payers, PPOs and P&C Insurers
ALISO VIEJO, CA--(Marketwire - January 13, 2009) - Amid the debate about how to advance the quality of healthcare, relatively little thought has been given to one of the best and fastest ways to contain its rising costs: improving the information on which administrative processes rely. But one innovative company is working to change that. Enclarity Inc., a leading healthcare information solutions company, announced new enhancements to its ProviderPoint® hosted provider information solution. These updates will help a growing number of health insurance plans and other payers, PPOs, property and casualty (P&C) insurers as well as medical device manufacturers to cut costs and improve productivity by significantly improving the quality and accuracy of information about healthcare providers.
New functionality now generally available in Enclarity ProviderPoint extends its market leadership for standardization, matching, cleansing and augmentation of provider information. This information is the foundation for on-line directories, claims processing and other key business functions performed by and between healthcare payers.
"Our focus is to continually improve the quality of healthcare provider information with our ProviderPoint and ProviderLookup solutions. This has led to rapid market acceptance by industry leaders who recognize the opportunity for a fast, high return on their investment," said Sean Downs, chief executive officer, Enclarity. "The enhancements by our R&D team will benefit our clients by making them more efficient, and the information critical to their operations more accurate. And, consumers will benefit by having access to better provider information and faster, more accurate claim processing."
Available today, the new enhancements to ProviderPoint deliver significant improvements to the accuracy of healthcare provider information and healthcare payers' ability to use it efficiently. For example, Enclarity's improved matching and validation of Tax Identification Numbers (TINs) reduces rework costs and payment delays by increasing the number of insurance claims that can be processed automatically and the accuracy of the claim amounts paid.
In addition, numerous upgrades were made to ProviderPoint in the breadth, depth and quality of information provided, including additions and enhancements for key entities, such as facilities, group and facility affiliations, and labs. These enhancements reduce the costs of acquiring, managing and maintaining critical information about healthcare providers for use in directories, claims processing, network management and other functional areas.
The new enhancements in ProviderPoint significantly improve usability, allowing customers to quickly and easily integrate the information Enclarity provides into their systems and receive value from it in their day-to-day operations. New executive management reports aid customers in the management of their provider file accuracy. In addition, results related to group and hospital affiliations have been enhanced, which improves the quality of on-line directories and the financial accuracy of claims processing.
In this latest update, Enclarity also introduced a new service to develop custom file formats. This reduces integration time and costs, improving the ability for customers to accept updates and changes automatically.
Enclarity's technical innovations provide additional value in terms of better information, cost savings and improved financial accuracy to leading healthcare payers, PPOs, P&C carriers, medical device companies, consumer-oriented Web sites, and others. Since being named one of the Top 100 private technology companies in North America by Red Herring magazine and awarded the Global Healthcare Information Technology Excellence Award by Frost & Sullivan in 2007, Enclarity has continued its rapid growth. The company's clients now include four of the 10 largest payers and four of the 10 largest PPOs in the United States.
To learn more about Enclarity's solutions, visit www.enclarity.com.
About Enclarity
Enclarity® solves healthcare's provider information problem. The company delivers correct, current and comprehensive provider information solutions by blending thousands of data sources, advanced analytics and healthcare expertise. As a result, its clients improve results in many areas, including claims processing, provider directories and network analysis. Named one of the Top 100 private technology companies in North America by Red Herring magazine and awarded the Global Healthcare Information Technology Excellence Award by Frost & Sullivan, Enclarity is headquartered in Aliso Viejo, Calif. For more information, visit www.enclarity.com.
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