Healthcare Benefit Software Systems and Service Phone (602) 604-3100   Fax (602) 604-3115   info@eldocomp.com

eci_banner_nmhcc_2006.gif
bpo_banner.jpg

banner_random_hands.gif
HOME arrow THE COMPANY arrow News Center arrow Eldorado Partners With ProxyMed
Eldorado Partners With ProxyMed PDF Print Email
ECI Press Release 2003

FOR IMMEDIATE RELEASE

Eldorado Partners with ProxyMed to Deliver Unrivaled Electronic Healthcare Transaction Capability

Phoenix, Arizona – 1 March 2003

Internet-based EDI Transactions: ProxyMed solves the daily business problems of physician offices by automating their financial, administrative and clinical transactions with healthcare payer partners through Internet-based connectivity. This connectivity will transform today’s inefficient, paper-based system into a real-time, Internet-based transaction system.

ProxyMed, Inc. Acquires MedUnite: ProxyMed, Inc. acquired 100% of the capital stock of MedUnite, Inc. in January 2003. ProxyMed's acquisition of MedUnite creates the nation's second largest physician-based transaction processing company, second only to WebMD. The acquisition of MedUnite by ProxyMed will create an organization with over:

  • 140,000 physicians and other healthcare providers
  • 200 million healthcare transactions processed annually

Benefit to ECI Clients: As was the goal with our prior alliance with MedUnite, the potential savings in processing costs with EDI and auto-adjudication technologies is significant. For Eldorado clients, ProxyMed offers a dramatic per transaction cost advantage over its competition, up to 25% savings over their current EDI costs. As a result of the acquisition, the savings to payers is substantial with the newly increased subscription base.

Important Points to Know:

  • ECI can still take EDI from any clearinghouse
  • ProxyMed is a preferred, not exclusive, partner that offers cost savings for our clients
  • The reason ECI is partnering with ProxyMed is so that transactions flow through ECI and we have the opportunity to add more value added transaction services in the future

About Eldorado Computing

Eldorado is a leader in IT administration for public and private healthcare organizations, self-funded employers, third party administrators, insurance carriers, independent physicians associations and unions. Eldorado’s ASP and software solutions for health benefit management reduce administrative costs by streamlining the technology required to control health claims processing, billing, administration, case management, workflow with imaging, and customer service. Eldorado provides a leading edge proven solution for automatic claims processing of medical, dental, vision, prescription drug, long-term and short-term disability claims. Eldorado’s software is available on an ASP hosted and licensing basis. Eldorado’s HEALTHpac is the foundation for claims repricing, managed care functionality, billing and administrative functions, case management, utilization review, PPO management, COBRA management, Section 125 administration, batch laser printing, electronic claims transmissions, ad hoc reporting and claims edit processing. HEALTHpac is used by more than 120 claims processing customers. Founded in 1981, Eldorado is a privately-held company based in Phoenix, with affiliate offices in Barberton, Ohio. Together, Eldorado’s customers manage seven million lives and handle 43.2 million claims annually. For more information, contact (602) 604-3100.

< Prev   Next >
toast.gifONLINE SUPPORT for registered ECI clients only. Name and Password required btn_sup_btm.gif