Transaction Processing Systems
Software supports business transaction management.
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Press Release Summary:
Featuring Web Services Interface that provides interoperability of data with upstream and downstream systems, Transaction Insight® (TI) v3.1 enables users to view entire transaction lifecycle, gaining visibility into status and error conditions from multiple adjudication systems, EDI and EAI translation and integration systems. Business Intelligence Adapters allow connection to popular BI reporting tools such as Cognos® or BusinessObjects®.
Original Press Release:
Foresight's Transaction Insight® Provides Unparalleled Visibility for the Healthcare Enterprise
DUBLIN, Ohio, April 27 -- Foresight Corporation, a leading business solutions company that provides software and services that improve healthcare and business operations, announced today the June 2007 availability of Transaction Insight®(TI) 3.1, marking a significant leap forward for the popular transaction management platform. With this release, Foresight underscores TI's position as the leader in transaction validation and correction, and establishes its role as the central control point for enterprise-wide activity reporting and monitoring.
Key to the expanded offering in 3.1 is the Web Services Interface that provides interoperability of data with upstream and downstream systems. For the first time in a single platform, an organization can have a complete view of the entire transaction lifecycle, gaining visibility into status and error conditions from multiple adjudication systems, EDI and EAI translation and integration systems, and other applications such as billing, payment and fraud-and-abuse detection systems. In addition, TI data feeds can also be made available to external portals, protecting a company's investment in its existing technology.
Another trailblazing development is the introduction of Business Intelligence Adapters. The adapters allow an organization to connect to popular BI reporting tools such as Cognos® or BusinessObjects® -- without waiting days, weeks, or months for a reporting database to refresh -- while maintaining optimum production processing speed supporting both internal and external service level agreements.
Together, these advancements provide an organization with an unparalleled timely, enterprise-wide view of the entire transaction lifecycle.
"Foresight Transaction Insight is well-positioned to become the central control point for an enterprise's infrastructure, providing transactional visibility to both operations and multiple lines of business and complementing technologies already in place," states Ed Hafner, CTO of Foresight Corporation. "This flexibility is very important to protecting the investment companies have made in their current application deployments."
Brad Berendt, Manager of Solution Architecture, adds, "The ability to provide an enterprise-wide perspective using interoperable systems is very important in HIT today. With new standards and multiple approaches to the same business challenges, flexibility of deployment within the infrastructure is crucial. Foresight products give organizations that edge. This versatility is a testament to Foresight's product engineering and standards leadership."
About Foresight Corporation
Foresight is driven by a passion for co-creation, working hand-in-hand with customers to solve today's issues and anticipate tomorrow's challenges. Foresight learns about a customer's business goals in detail, then works closely to bring about exactly-right solutions. Years of both business and technical experience power a dynamic approach that is unique; the body of knowledge accumulated from working with industry leaders ensures Foresight develops business solutions that are intuitive to the business processes -- and the people -- they're designed to support.
The Transaction Insight platform is used by leading payers and BCBS organizations nationwide to provide insight into business operations while shortening revenue cycles, reducing administrative costs, and improving provider relations. For almost 20 years, Foresight has helped customers build standards-compliant networks, address mandates like HIPAA and NPI, connect partners, validate transactions, and secure operational efficiencies.
For more information, visit www.ForesightCorp.com or call 1-888-500-0800.
Source: Foresight Corporation
CONTACT: Elizabeth Scoville of Foresight Corporation, +1-614-791-1600, escoville@foresightcorp.com
Web site: www.foresightcorp.com/
