The healthcare business, like most others, has seen significant changes, particularly in data processing, as it has become increasingly digital. Huge amounts of extremely sensitive data, such as patient medical records, health insurance reimbursements, and health insurance claims, are transmitted between providers and payers in the Healthcare EDI Market.
As a result of the requirements enacted by the Healthcare Insurance Portability and Accountability Act (HIPAA) and the Patient Protection and Affordable Care Act (PPACA), data exchange has transitioned from manual to digital methods (ACA). Prior to HIPAA, data management was primarily manual and paper-based, making it difficult to safeguard sensitive data. Electronic Data Interchange (EDI) is being used to exchange information between commercial partners (EDI). This is a well-structured process that aids in the reduction of human intervention.
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