PNC Receives EHNAC Accreditation
First bank to meet industry standards for both clearinghouse and lockbox operations.
Pittsburgh, PA (PRWEB) April 1, 2008 -- PNC announced today its full accreditation by The Electronic Healthcare Network Accreditation Commission (EHNAC), a not-for-profit accrediting agency, for its health care clearinghouse, lockbox and e-commerce operations. EHNAC provides independent peer evaluation of an organization's ability to perform at the industry's only established standards for electronic health care services. PNC is the first bank accredited by EHNAC for both clearinghouse and lockbox operations.
To receive accreditation, PNC completed an intensive review process to demonstrate adherence to EHNAC's strict guidelines for generating, transmitting, receiving and managing administrative health care transactions and to the security and privacy requirements of the Healthcare Insurance Portability Act of 1996 (HIPAA).
"In a highly regulated industry where security and privacy are imperatives, PNC has always approached health care transactions with the same strict standards of confidentiality now applied to health care claims and payments," said Paula Fryland, executive vice president and manager of PNC's national health care group. "Health care organizations value this independent accreditation as recognition of PNC's commitment to upholding the HIPAA standards throughout the processing of health care transactions."
During the site review, an independent consultant visited various PNC lockbox locations across the county, the healthcare clearinghouse in Tulsa and PNC's data backup site. PNC was noted for its 'extremely robust systems, policies and procedures' and a data center and disaster recovery documentation that was "the best ever seen" by the independent site consultant.
"As the first financial services company to achieve accreditation for both its clearinghouse and lockbox operations, PNC demonstrated its commitment to advancing industry standards in HIPAA security and transaction management," said Lee Barrett, executive director of EHNAC.
EHNAC (www.EHNAC.org) is an independent, not-for-profit accrediting agency that provides independent peer evaluation of an organization's ability to perform at industry-established levels. EHNAC's function is to promote administrative simplification and cost savings in the healthcare industry and to provide the healthcare transaction industry with an independent capability to develop industry standards, known as EHNAC Criteria. The mission of EHNAC is to promote standards, quality service, innovation, cooperation and open competition within the healthcare EDI industry.
The PNC Financial Services Group, Inc., (www.pnc.com) is one of the nation's largest diversified financial services organizations providing consumer and business banking; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-based lending; wealth management; asset management and global fund services.
For more information, contact Amy Vargo, PNC Corporate Communications, at 412-762-1535 or amy.vargo @ pnc.com
For more information about PNC, visit the Media Room on About PNC at pnc.com. Keep up to date with RSS enabled press releases, media kits and contacts, fact sheets, bios and more.
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