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FOR IMMEDIATE RELEASE
Elizabeth Scoville
Foresight Corporation
614.791.1600
escoville@foresightcorp.com
AXIOM Selects Foresight Corp. for Integration Partnership
DUBLIN, OH, November 12, 2007
– Foresight Corporation, a pioneer in healthcare transaction
automation and analytics, announced today it has been selected by
AXIOM Systems, Inc., a provider of information system services and
products to the managed health care industry, to integrate its real-time
data validation solution into AXIOM’s healthcare payer applications.
Under terms of the agreement, AXIOM will replace
the current third party data validation technology within its Trans*Send
and HIPAA MAXIM applications with Foresight’s TI Instream®.
AXIOM’s products automate all payer HIPAA transaction needs
and permit healthcare payers to avoid clearinghouse fees by supporting
a direct access route for providers and employer groups.
TI Instream, largely considered to be the most
robust data compliance engine in healthcare, has been benchmarked
in excess of 5 million transactions per day with performance of
100+ transactions per second, even on a single CPU server. This
ensures AXIOM clients get high-speed, high-performance validation
on all transactions communicated through the Trans*Send Portal.
“We wanted to work with a company and solution
with an impeccable reputation for product performance, business
acumen, and trustworthiness. In Foresight we found a true partner,”
stated Richard Howe, CEO, AXIOM Systems, Inc.
TI Instream, part of Foresight’s Transaction
Insight family of solutions, is used by more than 100 healthcare
organizations.
“TI Instream is being selected in applications
where performance, thoroughness and reliability are critical,”
stated Foresight Corporation’s CEO, Robert Fisher. “We
are thrilled that AXIOM sought us out, and expect great things from
this partnership.”
About AXIOM Systems, Inc.
AXIOM Systems was founded in
1996 with the idea that a dedicated group of Healthcare technology
professionals could thrive by providing exemplary services and deliver
demonstrable value to Healthcare Payers. Today AXIOM Systems is
proud to have earned the moniker, The Healthcare IT
Industry Experts, and has won the trust and respect
of over 200 satisfied clients.
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 a customer’s
business goals in detail, then works closely to deliver 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 healthcare payers and BCBS plans 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.
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HIPAA MAXIM and TransSend are registered trademarks of AXIOM
Systems, Inc. Transaction Insight and Instream are registered
trademarks of Foresight Corporation.
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