Pharmacutical Healthcare EDI Market | Page 2

REPORT DESCRIPTION
Healthcare EDI Market : Overview
Increasing digitization and paperless office is enhancing the growth of healthcare
EDI market. Conventionally, data transfer was subjected to paper-based
communication, increasing the chance of human error and making the workflow
cumbersome. Henceforth, EDI is an essential component for creating administrative
efficiencies by reducing time and significant cost saving.
Healthcare EDI market is propelled by increasing adoption of EDI facilities in order
to accelerate financial performance and profitability for healthcare payers and
providers. For instance, according to GE Healthcare, the Centricity EDI Service of
GE Healthcare employs more than 2,100 healthcare providers to manage around
588 million transaction annually. EDI is adopted to reduce the claim rejection and
denials as well as reduce time requirement for submission and remission of claims.
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