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Article: Health care transaction processing is fastest-growing segment for NDC.(National Data Corp.)
- Article from:
- American Banker
- Article date:
- March 9, 1995
- Author:
CopyrightCOPYRIGHT 1995 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Far from being just a card transaction processor, National Data Corp. processed more than half a billion health care claims in 1994 and expects dramatic increases as further automation hits the industry.
Cash management and financial electronic data interchange, another business segment for the Atlanta-based payment processor, includes computerized balance reporting, money transfers, and data exchange. Cash management revenues for the first six months of fiscal 1995 totaled just over $10 million.
Health care is the fastest growing sector of National Data's business. The company said it serves 85% of the pharmacies in the country, as well as doctors' offices, ...