National Data Corporation (NYSE: NDC) (NDC) today announced an agreement with the Department of Veterans Affairs Health Administration Center (HAC) to provide claims processing services for its Civilian Health and Medical Program.
NDC will accept electronic health care claim transactions from participating hospitals and transmit the data to the department’s Finance and Health Administration Centers for processing. NDC will then return the claim responses to the submitting hospitals.
National Data currently has the only electronic data network with Electronic Data Interchange (EDI) connectivity to the HAC for its Civilian Health and Medical Program. Previously, hospitals submitted paper claims to the department for approval.
“This agreement represents NDC’s commitment to support both its health care provider customers and its ability to provide value-added solutions for important government services,” said Richard Cohan, general manager of NDC’s Health Care Network Services. “By delivering health care information electronically, we’re improving claims management, speeding up processing and reducing costs for both the hospitals and the Department of Veterans Affairs Health Administration Center.”
National Data Corporation is a leading provider of value-added information systems and services for the health care and payment systems markets.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Act of 1995 (the “Act”). These statements are based on current plans and expectations of Medical Manager Corporation and involve risks and uncertainties that could cause actual future activities and results of operations to be materially different from those set forth in the forward-looking statements.
Important factors that could cause actual results to differ include, among others, the success of the marketing, sales and installation of the Company’s products, success of the beta testing program for the latest version of the Company’s software, continued demand for the Company’s products by the independent reseller, risks associated with the Company’s acquisition program and its EDI program, variations in stock prices, changes in government regulations, competition, and risks of operations and growth of newly acquired businesses.
Forward-looking information provided by the Company under the Act should be evaluated in the context of the foregoing factors. The Company expressly disclaims any intent or obligation to update these forward-looking statements.Details