The benefits of doing business electronically.
Hospitals know the benefits of automating billing. Now they can take advantage of automating payments and remittance information from Medicare, Medicaid and major commercial payors. By January 1992, the Health Care Finance Administration (HCFA) and major commercial payors including Aetna, Travelers, Metropolitan Life and others are expected to adopt a new electronic data transfer standard which will allow hospitals to reap the quality, cost reduction and even goodwill benefits of automation--if they are willing to make their patient accounting needs known.
Moynihan
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D002140:California; D014487:Centers for Medicare and Medicaid Services, U.S.; D003195:Computer Communication Networks / Q000592:standards*; D001330:Electronic Data Processing; D006761:Hospitals; D007344:Insurance Claim Reporting; D014481:United States