With the addition of autoverification, HCIdea subscribers are always working with clean, accurate data, allowing them to expedite reimbursement, ensure regulatory compliance and lower their claims processing costs.
Scottsdale, AZ (PRWEB) January 06, 2014
The National Council for Prescription Drug Programs (NCPDP), the not-for-profit pharmacy standards development organization, today announced the release of a new version of its HCIdea® prescriber verification database that delivers an unsurpassed level of data accuracy.
HCIdea incorporates Medversant’s exclusive patented technology that electronically accesses, autoverifies and continuously refreshes prescriber data from thousands of primary and approved authoritative sources. HCIdea provides the most reliable, timely and accurate prescriber data in the market and also records and stores the source information, providing organizations with a complete data audit trail.
“The more accurate prescriber data is, the quicker and more effectively pharmacies, pharmacy benefit managers (PBMs) and payers can process claims,” said Lee Ann Stember, President of NCPDP. “With the addition of autoverification, HCIdea subscribers are always working with clean, accurate data, allowing them to expedite reimbursement, ensure regulatory compliance and lower their claims processing costs.”
The HCIdea database has been a staple of the industry for many years, helping organizations obtain up-to-date NPI, DEA and SPI (ePrescriber) numbers together with other critical, comprehensive demographic information on more than two million prescribers.
NCPDP raises the bar with the incorporation of autoverification into HCIdea. Unlike stagnant database environments that rely on reactive algorithms and human beings to verify data manually throughout the year, the patented autoverification technology used by HCIdea eliminates human error from the verification process while ensuring the data is updated faster, more often and more completely than any other source, virtually eliminating discrepancies that can delay payment and wreak havoc with revenue management. The accuracy of the data also helps prevent fraud and abuse.
HCIdea® is a product of the National Council for Prescription Drug Programs (NCPDP), a trusted provider of data to the healthcare industry for three decades. Best known for developing national standards for electronic healthcare transactions, NCPDP has a track record for developing quality database products driven by industry needs. HCIdea with Medversant’s AutoVerifi™ is available through an annual subscription fee. For more information, visit http://hcidea.ncpdp.org. For a product demonstration, contact hcideainfo(at)ncpdp(dot)org.
Founded in 1977, NCPDP is a not-for-profit, ANSI-accredited, Standards Development Organization with over 1,600 members representing virtually every sector of the pharmacy services industry. Our diverse membership provides leadership and healthcare business solutions through education and standards, created using the consensus building process. NCPDP has been named in federal legislation, including HIPAA, MMA, and HITECH. NCPDP members have created standards such as the Telecommunication Standard and Batch Standard, the SCRIPT Standard for ePrescribing, the Manufacturers Rebate Standard and more to improve communication within the pharmacy industry. Our data products include dataQ®, a robust database of information on more than 76,000 pharmacies, and HCIdea®, an innovative prescriber database that provides continually updated information on more than two million prescribers. NCPDP's RxReconn® is a legislative tracking product for real-time monitoring of pharmacy-related state and national legislative and regulatory activity. For more information about NCPDP Standards, Data Services, Products, Educational Programs and Work Group meetings, go online at http://www.ncpdp.org or call (480) 477-1000.
HCIdea data is supplied by Medversant Technologies, LLC, the nation’s leading provider of continuously monitored Web-based credentials verification solutions through its patented AutoVerifi™ technology (U.S. Patent No.s 7,529,682 and 8,131,558) for government, health insurance plans, hospitals, and other healthcare settings. Medversant provides a software tool that is highly efficient, cost-effective and accurate for provider database management. Headquartered in Los Angeles, Calif., Medversant can be reached at (213) 291-6139 or http://www.medversant.com. Together, NCPDP and Medversant support HCIdea subscribers with data updates and responsive client service.