BANGALORE, INDIA: Indian IT major Infosys Technologies Limited today introduced the iTransform Product Suite, which delivers an end-to-end offering for managing the transitions to the 5010 version of the HIPAA standard transactions and ICD-10 coding systems.
The suite would help healthcare players and providers save up to 50 per cent of the cost and up to 50 per cent of the duration to make the transitions compared to the manual process and remediation, said a press release.
“Healthcare organizations face one of the most significant challenges to the U.S. healthcare industry in decades in order to comply with HIPAA 5010 and ICD-10 regulations,” said Eric Paternoster, senior vice president and head of insurance, healthcare and life sciences, Infosys Technologies.
He added that iTransform not only simplifies transition, it also delivers an opportunity for payers and providers to take advantage of the new regulations for improving operational efficiency, reducing costs and providing better healthcare.
The iTransform Product Suite uses tools and accelerators to accelerate every phase of transition while lowering the cost and risk of manual analysis and remediation, the release added.
Infosys said the suite consists of a collection of well-defined components that work in tandem to provide a complete solution from assessment to implementation. These components are: 'High-level assessment', 'Code impact assessment', 'Remediation strategy', 'Process and code remediation', 'Implementation'.
These components, though self-contained and available on an individual basis, work together toward an accelerated transition to HIPAA 5010 and ICD10 and continued smooth operations post transition, the release added.