Press Release
April 2, 2006
Foresight and Bloodhound Partner to Deliver Unprecedented Claims Processing Optimization
Columbus, OH and Research Triangle Park, NC (April 2, 2006) – Healthcare Payers seeking to minimize errors in healthcare claims while maximizing their overpayment protection will benefit from the partnership announced today between Foresight Corporation and Bloodhound, Inc.
The deal pairs two industry leaders: Foresight with its popular Transaction Insight® suite of transaction automation solutions which is now used by over 100 healthcare payers and Bloodhound with its ASP based real-time claims editing built on a library of standards based open-sourced edits, and the most sophisticated technology based algorithms and duplicate logic in the market. “From our perspective, this is an ideal partnership,” said Gary Twigg, Bloodhound’s CEO. “Foresight’s transaction processing platform and strong position among healthcare organizations provides the perfect fit for our new real-time processing capabilities and pre-adjudication editing strategy..”
“Bloodhound’s track record of providing overpayment protection to a wide variety of payers is impressive, as is their processing performance,” said Robert A. Fisher, “As we integrate new technologies into Transaction Insight, our focus is working with partners who share our commitment to customer satisfaction, product excellence, and service.”
The companies are pursuing a series of offerings that utilize Foresight’s validation, business intelligence, and management reporting capabilities with Bloodhound’s medical claims editing and analytics technology.
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 administrative 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 Bloodhound, Inc.
Bloodhound, Inc. provides claims editing and business analytics services to all participants in the claims revenue cycle. Its services, technologies and products combine to offer any payor of claims the most comprehensive solution to preventing overpayment or miscoding of claims. Delivered as an ASP application, Bloodhound’s premier service, ClaimsGuard, enables real time edit processing of claims for accuracy including duplicates, up-coding, re-bundling, and unbundling of codes. Customers engage Bloodhound to improve their profitability, increase auto-adjudication rates, gain insight into provider/payer historical behavior and assist them in building more efficient claims processes. For more information, please visit www.bloodhoundinc.com.
Transaction Insight, HIPAA Validator, InStream, and EDISIM are registered trademarks of Foresight Corporation
ClaimsGuard is a service mark of Bloodhound, Inc.
David Jackson
Bloodhound Technologies
1.866.807.3098