Edward D. Jones III Joins FisaCure as Executive Vice President
HIPAA Expert to Lead Market & Product Development Strategy to Secure FisaCures Leadership in the Emerging Medical Banking Sector of the Healthcare Industry
FisaCure, Inc announced today the appointment of Edward D. Jones III (Ed") as executive vice president and member of the Board of Directors, effective immediately. Mr. Jones is currently the chair of the board of directors of the Workgroup for Electronic Data Interchange (WEDI), a not-for-profit association of more than 200 members, including providers, payers, employers, government organizations, and standards groups. WEDIs mission is to foster implementation of Administrative Simplification standards required under the federal Health Insurance Portability and Accountability Act of 1996 (HIPPA).
DALLAS, TX (PRWEB) May 21, 2004 -— FisaCure, Inc announced today the appointment of Edward D. Jones III (Ed") as executive vice president and member of the Board of Directors, effective immediately. Mr. Jones addition to the FisaCure team and his strategic foresight significantly furthers the companys course from pioneer to leader in providing health plan and provider customers with cost-effective solutions for reconciling remittance advice documentation with payments for services. Working with lockbox operators in the banking community, FisaCure uses advanced explanation of benefit (EOB) and HIPAA-compliant electronic software tools; currently processing just under 4 million remittances per month. Its customers typically report an 8-to-1 return on investment (ROI) from efficiencies realized in management control, electronic archival and retrieval of records, reimbursement analysis, and processing overheard.
The demand for our services is growing by leaps and bounds," stated FisaCures President, Steve Arning. Our advantage as a pioneer in this market is the knowledge base we have developed. Our goal has been attaining measurable provider value by combining workflow tools and analysis with remittance information. At this point, as the market moves to the initial stages of maturation, its important to bring on board a known leader and visionary as the health care industry moves toward rapid adoption of efficient information-exchange and management tools. Clearly, Ed Jones is that person. We couldnt be more proud of his acceptance to join our team."
Mr. Jones is currently the chair of the board of directors of the Workgroup for Electronic Data Interchange (WEDI), a not-for-profit association of more than 200 members, including providers, payers, employers, government organizations, and standards groups. WEDIs mission is to foster implementation of Administrative Simplification standards required under the federal Health Insurance Portability and Accountability Act of 1996 (HIPPA). He is the co-author of HIPAA Plain & Simple: A Compliance Guide for Health Care Professionals, Foreword by Louis Sullivan, MD" (September 2003), and HIPAA Transactions: A Nontechnical Business Guide for Health Care, Foreword by Kepa Zubeldia, MD" (December 2003), both published for the American Medical Association (AMA) Press. He has two more books that will be released later this year, one on security and the other on electronic health records.
Mr. Jones has demonstrated success in implementing corporate and electronic business strategies. Most recently, he served as senior vice president of The Centris Group, Inc (NYSE) and served on the CEOs Executive Operations Committee. Centris and its seven subsidiary companies, which were acquired in December 1999, provided underwriting, reinsurance, and catastrophic management services to the employer self-funded health benefit industry. Before joining Centris in 1993, Mr. Jones served as executive vice president and as a member of the Board of Directors for Medical Review Systems, a firm that he co-founded in 1990, which was acquired by Equifax in 1995.
I am excited about joining FisaCure," stated Mr. Jones. I look forward to helping FisaCure achieve its growth and strategic objectives through identifying and taking to market products that complement its already successful secure HIPAA-compliant remittance solution. The immediate focus is integrating FisaCures solution with providers lockbox services at their banks. Our strategic objective is to provide solutions that lower labor costs, improve cash flow, and enhance satisfaction of providers patients. Quite simply, our goal is to be the leader in the emerging medical banking sector of the healthcare industry."
About FisaCure (www.FisaCure.com)
FisaCure, founded in 1996, is headquartered in Dallas, Texas. FisaCure specializes in providing the HIPAA-compliant transaction sets for electronic remittance services. Other areas of expertise include: claims and coding edits, electronic appeals and contract management applications for both providers and payers. Over the years, FisaCure has forged strategic partnerships that have extended its capabilities and created new industry standards, including Web-based image retrieval services.
While most of the health care industry is just becoming familiar with electronic remittance processing, FisaCure has more than four years experience enhancing the delivery of electronic remittance transactions for multiple providers and provider information systems. FisaCure continues to develop new rules and procedures to reduce provider exceptions and therefore maximize the benefit of electronic remittance processing for customers.
SOURCE: FisaCure, Inc.
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