HIPAA Driving A New Generation of Cash Management Service
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Contact: Scott Watson
New Orleans, LA (April 20, 2004) - The Medical
Banking Project will review HIPAA's impact on banks during the "Reliable
Infrastructures for eHealth" workshop on April 28th in New Orleans, LA. An
industry map showing why HIPAA is driving new levels of interoperability between
banks and healthcare clients, and how this has launched a new generation of cash
management services, will be presented. The link between banks and the
development of eHealth infrastructures will be a focal point of the
The workshop will examine the role of ebXML in healthcare
infrastructure and besides MBProject, will feature representatives from the US
National Institute of Health, HL7, The Mayo Clinic and the US National Centre
for Disease Control. It is sponsored by OASIS, an international standards
organization, and CommerceNet.
MBProject will review significant market
drivers related to how banks are using their payment expertise for medical
client acquisition and retention. New cash management solutions have a payment
and data component, and have the potential to accelerate the adoption of
national healthcare information infrastructures (NHII), as envisioned by the
federal government. Benefits for medical providers and health plans will be
highlighted, as well as an overview of the recent surge by financial
institutions to implement Health Savings Account strategies, and how this
dynamic could impact NHII adoption.
An eHealth chart plotting
stakeholders and interoperability issues will provide instruction to the
participants. Lessons taken from eHealth economies in other countries will be
reviewed as we mutually explore solutions for using technology to reduce rising
healthcare costs. For more information, please go to http://healthcare.xml.org/
A summary production of Stop 3 of the Great American
Interoperability Tour is now available at http://www.mbproject.org . Stop 4 is scheduled for Internet broadcasting in June.
-- MBProject will issue a letter to the President's
Information Infrastructure Technical Advisory Committee on ways in which to
leverage banking infrastructure to support the emerging national healthcare
information infrastructure. The letter will be co-sponsored by OASIS and others
following the workshop in New Orleans.
-- MBProject has been
asked to put together expert panels for the 9th National HIPAA Summit
conference. We will focus on how banks are getting involved with HSAs and
continue to explore emerging new medical banking models. Please check our site
periodically for further information at http://www.mbproject.org .
-- MBProject has completed Phase 1 of
our national demonstration project using the "Charitable Communities Network"
operating model. More information will be made available on our website in July.
A full launch is being planned for February, 2005 at the Medical Banking
Institute in Nashville, TN.
About the Medical Banking Project...
MBProject is an independent policy research and strategic advisory firm
established to promote the development of "Charitable Communities Network", an
industry model that leverages HIPAA's security, privacy and electronic mandates
to deliver substantive cost benefits to care givers. The firm does not provide
legal advice and urges medical banking stakeholders to consult with private
counsel. For more information, please go to www.mbproject.org.