Information Exchange Platform meets healthcare needs.
Press Release Summary:
Service-oriented business process application, Smart Gateway for Healthcare, solves high-priority healthcare transaction problems from enrollment to claims and billing. Offering phased approach to clinical interoperability, IT service delivery infrastructure provides information exchange between organizations across healthcare value chain. Software establishes end-to-end visibility and control of transaction processing between payers, providers, and external constituents.
Original Press Release:
Vitria Technology, Inc. Announces Industry's First Business Process Application for Healthcare Information Exchange
Vitria's Newest Service-Oriented Business Application Solves Immediate Healthcare Transaction Life-Cycle Management Problems and Lays the Foundation for Clinical Interoperability
SUNNYVALE, Calif., June 8 -- Vitria Technology, Inc. (NASDAQ:VITR), a leading provider of business process integration solutions, today announced Smart Gateway for Healthcare, the industry's first "out of the box" business process application for healthcare.
At a time when IDC predicts that healthcare IT spend will experience the largest growth of any industry with a five year CAGR of 9.7% through 2010, Smart Gateway for Healthcare delivers a productized solution with a phased approach to efficiencies in healthcare information exchange, and the ultimate goal of clinical interoperability.
Smart Gateway for Healthcare is a platform for healthcare information exchange -- the IT service delivery infrastructure that provides accurate and timely information exchange between organizations across the healthcare value chain. It offers a phased approach to clinical interoperability. First, it allows organizations to immediately solve high-priority healthcare transaction problems from enrollment to claims to billing. Second, it provides the scalability and flexibility to converge administrative, as well as clinical transactions into a common delivery platform while complying with, and laying the foundation for, ongoing industry regulations.
Vitria's approach to regulatory issues includes providing the IT foundation for electronic health records (EHRs) and regional health information organizations (RHIOs), facilitating interoperability between payers, providers, direct and indirect partners, financial services organizations and others, and automating and managing the handoffs at every step.
Vitria's healthcare business process application solution:
-- Establishes end-to-end visibility and control of transaction processing between payers, providers and their external constituents.
- Inbound to outbound response correlation
- Operational reports and key performance indicators
- Audit trails
-- Reduces and resolves exceptions in core business processes.
-- Delivers effective, efficient exception resolution by cleaning data, automating resolutions, and by providing the ability to route exceptions through the optimum resolution path.
-- Facilitates electronic information exchange of standard and non-standard documents.
-- Supports all five WEDI levels of validation for HIPAA transactions.
-- Enables batch and real-time transactions.
"Vitria's healthcare solution was developed in conjunction with nationally recognized payers and providers and delivers proven healthcare information exchange capabilities in high-scalability and high transaction environments," said John Ounjian, executive vice president of Vitria's Healthcare and Insurance business unit. "Now we have productized our extensive healthcare business process experience so customers can take a fast-track approach to fine-tuning their information exchange needs."
Customers anticipate significant cost savings in terms of reduced transaction response times, reduced custom coding, and increased transaction visibility and reporting -- all resulting in better customer service to its providers.
"The amount of staff time required to maintain the solution will be measured and compared with the current solution," explained Blue Cross Blue Shield of Arizona CIO Mike Linder. "As with any solution deployed by Blue Cross Blue Shield of Arizona, provider satisfaction will also be a key ingredient for success."
Vitria's Smart Gateway for healthcare business process application uses a service-oriented approach to provide standardized software modules that can be used and re-used to support complex business processes and create more agile businesses.
About Vitria
Vitria Technology, Inc., a leading provider of business process integration products and solutions, combines technology leadership with industry expertise in healthcare and insurance, telecommunications, manufacturing and financial services to dramatically improve strategic business processes across systems, people and trading partners. These solutions are built on the award-winning BusinessWare(R) Enterprise Business Process Management suite. With offices around the world, Vitria's customer base includes blue chip companies such as AT&T, Bell Canada, BellSouth, Blue Cross Blue Shield Association, BP, BT, DaimlerChrysler Leasing, Generali, Nissan, Reynolds & Reynolds, RBC Financial Group, Sprint, U.S. Department of Defense and Veterans Health Administration. For more information call +1-408-212-2700, email info@vitria.com, or visit www.vitria.com.
NOTE: Vitria and BusinessWare are registered trademarks of Vitria Technology, Inc. All other names may be trademarks of the companies with which they are associated.
CONTACT: Marilyn Maurer of Vitria Technology, Inc., +1-408-328-1871, or mmaurer@vitria.com
