BROOMFIELD, Colo., April 9, 2012 /PRNewswire/ -- OXLO Systems, Inc., a Software as a Service company that provides business intelligence and information technology for the health insurance industry, has partnered with ACA-Solutions, Inc., a consulting firm focused on helping health insurance companies implement ROI-driven solutions for compliance with the Affordable Care Act, to release a white paper entitled "Rapid Adaptation Strategy for Integrating with Health Insurance Exchanges." The 35-page paper was written to help health insurance executives clearly understand the data integration requirements associated with the mandated Health Insurance Exchanges (Exchanges).
Exchanges are an integral component of the health care reforms of the 2010 Affordable Care Act. Through State-Based Exchanges, Federally Facilitated Exchanges, and Federal-State Partnership Exchanges, individuals and small employers may shop for, select, and enroll in private sector health plans known as Qualified Health Plans (QHPs). The Commonwealth Fund is predicting as many as 30 million enrollees with a total of up to 80 million coming to Exchanges for information about coverage and an estimated 27-30 million people gaining coverage through Exchanges by 2019.
"If health insurance carriers are going to capture a share of the new business generated by Exchanges, they must be ready to interact and exchange data in new ways," explains Gene Brothers, CEO and President of OXLO Systems. The new white paper uses the business blueprints published by the Centers for Medicare & Medicaid Services (CMS) to detail the required automated data integration that health insurance carriers must be prepared to support if they intend to offer QHPs through an Exchange.
According to the white paper's author, DeLana Anderson, an independent consultant with ACA-Solutions, "The [Carrier's] ability to exchange data with the various governmental entities will be more successful if their technology closely mirrors the same standards and guidance to which the States must adhere. Carriers will need to receive data from, and send data to, many entities. This will require technology which can easily transform the Carrier's data to meet the unique file formats and support the transfer protocols of each integration partner."
"Rapid Adaptation Strategy for Integrating with Health Insurance Exchanges" provides an overview of the data integration needs and requirements for successful Carrier participation in Exchanges, as well as IT recommendations and suggested timelines for implementation. The white paper is available for free download at http://blog.oxlo.com/rapid-adaptation-strategy-for-integrating-with-health-insurance-exchanges/.
About OXLO Systems, Inc.
OXLO Systems provides competitive business intelligence, secure Internet data integration, and information technology for the insurance and health care industries. The company's proven IntegrateOnce(TM) technology provides a solution for the complex data integrations required by Exchanges that reduces implementation cost, increases integration quality and shortens implementation times. Additional products and services include the Open Carrier Integration Hub, Health Insurance Insight, Self Service Interoperability, and complex one-to-many enterprise integrations. Visit http://healthinsurance.oxlo.com/health-insurance-exchange-integration-and-compliance/ for more information.
About ACA-Solutions, Inc.
ACA-Solutions leverages its health insurance industry knowledge, broad insurance operations experience, and Healthcare Reform subject matter expertise to provide innovative, cost-effective solutions that help bridge the gap created by the Affordable Care Act (ACA) and produce superior results. Visit www.ACA-Solutions.com for more information.
SOURCE OXLO Systems, Inc.