Foresight and Portico Systems Team to Deliver First End-to-End NPI Solution
May 22 2006 – COLUMBUS, OH AND PHILADELPHIA, PA - Today Foresight Corporation, leading provider of business intelligence solutions for healthcare, announced an alliance with Portico™ Systems, the market leader in software solutions for Provider Network Operations, that will provide the healthcare industry with its first end-to-end solution for challenges associated with CMS' National Provider Identifier (NPI) mandate.
The companies have collaborated to deliver a series of highly integrated building blocks. The solution includes a registration capability for capturing provider NPI relationships; tools for crosswalk construction, maintenance, and execution; transaction data capture and validation; and NPI data substitution.
"The new offering promises to speed and simplify NPI compliance to help our many customers who are healthcare payers in meeting the aggressive 2007 mandate," said Robert A. Fisher, Foresight's President and CEO. "Portico's excellent reputation for service and quality and its innovative technology made them an ideal partner for us."
In 2006, Foresight began expanding its Transaction Insight® business intelligence platform through the addition of both Foresight technology and industry partnerships. Last month, Foresight announced its selection of Bloodhound, Inc. as a partner to provide overpayment protection applications.
"This combination provides the most comprehensive coverage yet for the NPI challenges faced by healthcare payers," says Ned Moore, CEO of Portico Systems. "We welcome the opportunity to introduce the pre-built Portico NPI solution to the broad base of Foresight's Transaction Insight customers."
Customers of Portico Systems include Blue Cross Blue Shield of Minnesota, Horizon Blue Cross Blue Shield New Jersey, CareFirst Blue Cross Blue Shield, and Independence Blue Cross. Foresight customers include Aetna, WellPoint, Premera, Highmark, Coventry Health, Nationwide, THIN, and Blue Cross of Michigan.
About Foresight Corporation
Working closely with customers, business partners, and industry groups, Foresight pioneers new business intelligence solutions for healthcare. The nation's largest payers and more than half of all Blue Cross Blue Shield organizations trust Foresight Corporation's Transaction Insight® platform to provide insight into business operations while securing HIPAA compliance, shortening revenue cycles, reducing administrative costs and improving provider relations. Since 1990 Foresight has helped its customers build networks compliant with 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 Portico™ Systems
Portico™ Systems offers health plans enterprise-class software solutions built exclusively to support end-to-end Provider Network Operations. Since 1997, Portico™ Systems has been enabling payers to streamline their provider business processes. Portico™ Systems leverages a unique blend of healthcare operations experience, payer/provider relationship expertise and technology skills to build holistic solutions.