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
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
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:
SOURCE The SSI Group, Inc.