This alliance is the first of its kind to link workers' compensation and auto injury physicians and payors via the Internet, creating the first e-commerce network for this segment of the healthcare industry. The partnership will enable payors and physicians to conduct medical transactions on the Internet, replacing the costly, traditional paper-based system.
Companies can select the applications they want and pay on a per-click basis.
The total number of transactions required to process property and casualty medical bills is estimated to be in excess of 540 million per year. With corporate headquarters in Atlanta and technology headquarters in Silicon Valley, the company was formed in November 1999 as a result of the merger of Healtheon Corporation, WebMD, Inc., MEDE America and Medcast. About HNC Insurance Solutions HNC Insurance Solutions, a division of HNC Software Inc., is the leading provider of predictive solutions to the insurance industry. These solutions use proprietary software technologies to analyze highly complex data and improve insurance claim and policy decision-making, resulting in dramatically enhanced productivity, decreased claims costs, and reduced fraud for insurers, TPA's, employers, and managed care companies. About HNC Software Headquartered in San Diego, California, HNC Software Inc.