Electronic data interchange.
Electronic data interchange.
The correct option is A Indicates transfer to data between different companies using network
Electronic data interchange Indicates transfer to
data between different companies using network.
Electronic Data Interchange (EDI) is the electronic
interchange of business information using a standardized format; a process
which allows one company to send information to another company electronically
rather than with paper. Business entities conducting business electronically
are called trading partners.
Simply stated, being EDI capable is the capability
to send and receive electronic business documents in a specific format based on
established standards. There are essentially two ways to accomplish EDI
capability: Outsource or buy your own software.
From a financial perspective alone, there are
impressive benefits from implementing EDI. Exchanging documents electronically
improves transaction speed and visibility while decreasing the amount of money
you spend on manual processes. But cost savings is far from the only benefit of
using EDI.
Understanding Electronic Data Interchange in Healthcare.
... Each EDI document has a standardized format, which ensures that data can be
quickly sent and interpreted on both sides. It is particularly important that
providers and payors utilizing healthcare EDI transactions follow HIPAA
regulations and ANSI standards.
Electronic data interchange Indicates transfer to data between different companies using network.
Electronic Data Interchange (EDI) is the electronic interchange of business information using a standardized format; a process which allows one company to send information to another company electronically rather than with paper. Business entities conducting business electronically are called trading partners.
Simply stated, being EDI capable is the capability to send and receive electronic business documents in a specific format based on established standards. There are essentially two ways to accomplish EDI capability: Outsource or buy your own software.
From a financial perspective alone, there are impressive benefits from implementing EDI. Exchanging documents electronically improves transaction speed and visibility while decreasing the amount of money you spend on manual processes. But cost savings is far from the only benefit of using EDI.
Understanding Electronic Data Interchange in Healthcare. ... Each EDI document has a standardized format, which ensures that data can be quickly sent and interpreted on both sides. It is particularly important that providers and payors utilizing healthcare EDI transactions follow HIPAA regulations and ANSI standards.
