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Article: HCFA's evolving role. (Health Care Financing Administration)(includes related article on OLTP-oriented companies)
- Article from:
- Health Management Technology
- Article date:
- July 1, 1995
- Author:
CopyrightCOPYRIGHT 1995 Nelson Publishing. 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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The Health Care Financing Administration (HCFA) has assumed, within healthcare electronic data interchange (EDI) standardization, the mantle worn by the Federal Reserve in guiding the initial shift in commercial banking systems toward standards-based, reducedpaper transaction processing.
HCFA's role in developing healthcare transaction set standards is immense. In 1993, HCFA made:
* 41 percent of all payments to hospitals,
* 28 percent of all payments to physicians,
* 61 percent of all payments to nursing homes, and
* 54 percent of all payments to home healthcare providers.
By volume, Medicare reported processing 815 million ...