National EDI joins forces with Healthcare Pioneer, The SSI Group
The SSI Group, Inc. Acquires National EDI Systems Corporation To Further Expand Capabilities Of ClickON® Technology.
Mobile, Alabama, May 17, 2004 -- The SSI Group, Inc. today announced it has acquired National EDI Systems Corporation (National EDI). Based in Dallas Texas, National EDI is an innovative healthcare EDI (electronic data interchange) company that utilizes proprietary tools and cost-effective processes that enable electronic financial transactions between payors and individual medical providers, medical groups and/or billing services.
Commenting on the purchase, SSI Chief Executive Officer and President Bobby Smith said, "Our Company is focused on becoming increasingly essential to the financial operations of our clients. Our payor and hospital clients asked us to expand our capability of serving the individual provider's "end-to-end" electronic financial processing needs. More than 125,000+ medical providers still send out paper claims. More than 500,000 "allied" health professionals such as physical therapists and psychologists still send out paper. With National EDI joining us, we can now effectively meet the business requirements of these underserved professionals. National EDI helps us expand SSI's ClickON® technology's capability. SSI will now better automate the revenue cycle, and re-engineer what happens between the health insurer, physician and hospital."
Perry Baty III, Chief Executive Officer of National EDI Systems Corporation, stated: "Electronic communications to and from the individual medical provider is healthcare's last frontier in terms of eliminating paper from the billing process. From day one, National EDI has focused primarily on helping these providers convert to, and use, EDI. They are the foundation of the nation's healthcare industry. But Medicare and others are adding major new penalties--as well as some incentives--to get them to submit electronically. By joining SSI, we greatly increase our capability to serve this segment better. We will now be able to leverage one of healthcare's most proven and capable EDI teams and one of the largest and most sophisticated payor/provider networks. We will now significantly expand our relationship business, one built on service and support."
About The SSI Group, Inc.
The SSI Group, Inc. is a national, diversified Information Technology company established in 1988, with corporate headquarters in Mobile, Alabama. The company has 350 employees and more than 1,500 clients nationwide. SSI’s strategy is to become increasingly essential to the financial operations of clients. As part of its ongoing commitment to enhance each client's ability to universally connect, SSI offers services that include all facets of revenue cycle management through claim and remittance processing. The services include secondary billing, claims status, audit, posting, compliance, eligibility, document management, contract/denial management, collections and workflow consulting. SSI is a HIPAA certified vendor by Claredi. The company maintains branch facilities in Dallas, Texas; Clearwater, Florida; Denver, Colorado; and Chesapeake, Virginia.
