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FOR IMMEDIATE RELEASE Foresight Contact:
Columbus, OH, March 22, 2006 – The Medical Banking Institute, founded by the Medical Banking Project, has appointed Doug Spence, COO of Foresight Corporation, to the Institute’s new President’s Council as the Chair of its Standards Subcommittee. The Institute is a program series that organizes cross-industry dialogue between stakeholders in the medical and banking industries and provides a public policy and case study forum for commerce, government, associations, academicians and others interested in medical banking. “The new President’s Council of the Institute will be charged with articulating and helping to realize the vision of the foremost authority on medical banking, the Medical Banking Project,” said BP Fulmer, President of the Institute. “Foresight’s tenure serving the health care and banking industries will be invaluable as we build this bridge. We are pleased to have Doug’s leadership and energy as part of our strategy.”. The focus of the President’s Council is on excellence in programming, content and direction for the Institute and the community at large. “I am looking forward to joining BP Fulmer and my colleagues, Vince Marzula of PNC Bank and Maureen Turo of Mellon Financial Services who chair the other two subcommittees on the MBI President’s Council in advancing the opportunities that are growing out of the work of MBProject,” Spence added. “ The Standards subcommittee will seek to provide a solid foundation to contribute to the acceleration of medical banking strategies and best practices that can transform healthcare financing and operations.” About Foresight Corporation More than half of all Blue Cross/Blue Shield organizations trust Foresight Corporation’s transaction automation systems to provide insight into business operations while securing HIPAA compliance, shortening revenue cycles, reducing costs and improving provider relations. Since 1990 Foresight has helped its customers build networks compliant with government, industry, and organization standards, connect partners, validate transactions, and filter them for fast and easy repair. Today Foresight is the leader in transaction automation and pioneer of the first real time business intelligence techniques for health care. For more information, visit the company at www.foresightcorp.com or call 1.888.500.0800. About the Medical Banking Project About the Medical Banking Project...The Medical Banking Project (a.k.a. “MBProject”) is an independent policy research and strategic advisory firm that facilitates the latent integration of banking technology, infrastructure and credit resources with healthcare administrative operations. The firm coined the term “medical banking™” in 1995 to denote this emerging niche’ industry. It provides educational and workgroup forums and is spearheading two related initiatives: a global, open source software platform (“C.O.M.B.A.T. – Cooperative Open-source Medical Banking Architecture & Technology™”) to combat rising healthcare costs using medical banking principles and technology and a fee-based, bank-driven community system ("Charitable Communities Network™") that coordinates safety net healthcare access for uninsurable, uninsured and under-insured individuals. The initiatives demonstrate how banks can leverage HIPAA's privacy, security and electronic mandates to deliver substantive cost benefits to care givers, employers and consumers. For more information, please go to http://www.mbproject.org. ###
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