The SSI Group Announces Purchase of Physicians' Clearinghouse
MOBILE, Ala., May 17 /PRNewswire/ -- The SSI Group, Inc. (SSI) today announced that it has acquired National EDI Systems Corporation (National EDI). Based in Dallas Texas, National EDI is an innovative healthcare EDI (electronic data interchange) company that utilizes proprietary tools and cost-effective processes that enable electronic financial transactions between payors and individual medical providers, medical groups and/or billing services. Commenting on the purchase, Bobby E. Smith, Chief Executive Officer and President of SSI, said, "Our Company is focused on becoming increasingly essential to the financial operations of our clients. Our payer and hospital clients asked us to expand our capability of serving the individual provider's "end-to-end" electronic financial processing needs. More than 125,000+ medical providers still send out paper claims. More than 500,000 "allied" health professionals such as physical therapists and psychologists still send out paper. With National EDI joining us, we can now effectively meet the business requirements of these underserved professionals. National EDI helps us expand SSI's ClickON(TM) technology's capability. SSI will now better automate the revenue cycle, and re-engineer what happens between the health insurer, physician and hospital." Perry Baty III, Chief Executive Officer of National EDI Systems Corporation, states: "Electronic communications to and from the individual medical provider is healthcare's last frontier in terms of eliminating paper from the billing process. From day one, National EDI has primarily focused on helping these providers convert to, and use, EDI. They are the foundation of the Nation's healthcare industry. But Medicare and others are adding major new penalties -- as well as some incentives -- to get them to submit electronically. By joining SSI, we greatly increase our capability to serve them better. We will now be able to leverage one of healthcare's most proven and capable EDI teams and one of the largest and most sophisticated payor/provider networks. We will now significantly expand our relationship business built on service and support." About The SSI Group, Inc. The SSI Group, Inc. offers a comprehensive national network of essential services that is changing the way its healthcare clients send, receive and process financial information. SSI links healthcare provider organizations such as hospitals, medical groups of all sizes and their technology partners, with virtually all of the nation's leading payer organizations. Established in 1988, SSI's more than 350 employees process nearly 68.5 million transactions annually totaling in excess of $108 billion, all within the Mobile Alabama corporate headquarters. Additionally, more than twice that volume is processed directly to and from payers by provider clients using SSI ClickON Direct technology. SSI is changing the way its clients exchange financial information. The SSI Group data driven services are a broad and deep array of communications, commerce and processing services. They bring all transaction sets together in single-source claim solutions integrating all of the applications in relation to the patient encounter. With three billing options (clearinghouse/direct to payers/Internet portal) and our 167,000 built-in edits, we efficiently enable all-payer access. SSI remains focused on becoming increasingly essential to the financial operations of clients. As part of its ongoing commitment to enhance each client's ability to universally connect, SSI offers services that include all facets of revenue cycle management through claim and remittance processing. The services include secondary billing, claims status, audit, posting, compliance, eligibility, document management, contract/denial management, collections and workflow consulting. SSI is a HIPAA certified vendor by Claredi. The company maintains branch facilities in Dallas Texas, Clearwater Florida, Denver Colorado and Chesapeake Virginia. Please visit our website: www.thessigroup.com .
SOURCE The SSI Group, Inc.
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