Seattle Business Magazine Honors Edifecs with its Inaugural Technology Impact in Healthcare Award

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Company’s Healthcare Information Processing Solutions Simplify Administrative Functions and Save Millions

Edifecs Inc., one of the largest healthcare technology companies in the Puget Sound region, is the first winner of Seattle Business Magazine’s Tech Impact Awards in the healthcare category. The program recognizes companies and individuals that create or use information technology to significantly improve a company or industry’s business performance or to provide an important public benefit. The Technology Impact Awards includes several categories, including enterprise, cloud, IT services, mobile applications, construction, education, consumer/retail, games and health. Seattle Business Magazine honored Edifecs for its healthcare software solutions, which directly address the industry’s urgent need to drive down administrative costs, improve governance and achieve compliance with government mandates.

“Edifecs’ mission is to help the healthcare industry dramatically simplify its administrative processes and cut waste out of the healthcare delivery system,” said Sunny Singh, CEO of Edifecs. “We have an incredible team at Edifecs that cares deeply about this mission and works hard every day to achieve it. We are honored to be among the other high-caliber companies that won in their categories and to represent the healthcare IT industry.”

Edifecs helps its clients modernize their information transaction processing systems and simplify administrative functions, particularly those related to enrollment, claims and payment processing. This is important because the exchange of information among healthcare organizations greatly affects both costs and outcomes. Making the healthcare system more efficient requires improving the infrastructure for exchanging information between various entities in the healthcare value chain, and it can have a dramatic impact. For example, an efficiency level on par with the retail industry would result in savings of more than $200 billion for the healthcare system. Increasing the rate of electronic processing to 90 percent from the current 40 percent would save $6 billion or more across the industry.

Edifecs has been recognized for its rapid growth with several awards in 2012, including:

  •     The 2012 Inc. 5000, which ranked Edifecs 1017th on its list of fastest-growing private companies in the United States. (August 2012)
  •     Healthcare Informatics’ 2012 list of the top 100 healthcare IT vendors nationwide ranked Edifecs 78th based on its 2011 revenue derived solely from healthcare IT products and services. Edifecs was ranked 86th on the list last year. (June 2012)
  •     Puget Sound Business Journal’s 50 Eastside Fastest-Growing Private Companies, which ranked Edifecs 4th based on percentage revenue growth between 2009 and 2011. This is the second year Edifecs has appeared on this list and an improvement from its 2011 ninth position ranking. (July 2012)
  •     Puget Sound Business Journal’s Top 100 Private Companies, which ranked Edifecs 98th in the list of the region’s largest companies, based on its 2011 revenue. (June 2012)

Seattle Business Magazine also named Edifecs one of Washington’s Best Companies to Work For, marking the fourth straight year the company has won the award, and the Puget Sound Business Journal included Edifecs on its list of the 100 Best Workplaces in Washington State for the second consecutive year.

More than 250 healthcare organizations rely on Edifecs software, including 46 Blues health insurers, more than 30 State Medicaid programs, 50 of the largest commercial health insurers and 112 provider organizations. Together, Edifecs customers provide health coverage to more than one-third of the population of the United States.

About Edifecs, Inc.
An industry leader since 1996, Edifecs provides healthcare software solutions that improve operational performance by streamlining the exchange of information among health plans, hospitals, and other healthcare organizations, while enabling compliance with current mandates such as HIPAA 5010, ICD-10 and Operating Rules.

Today, more than 250 healthcare customers use Edifecs technology to unify transactions from any information channel source and input mechanism, while automating manual business processes such as enrollment, claims and payments management.

Edifecs is currently recognized as one of the 100 Fastest Growing Private Companies in the state of Washington, 100 Best Places to Work in the state of Washington, an Inc. 5000 fastest-growing private company and one of the 500 Fastest Growing Companies in North America by Deloitte. Edifecs is headquartered in Bellevue, WA. For more information, please visit http://www.edifecs.com.

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Robin Rees
Edifecs
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