Business Services Industry
First EHNAC Financial Services Network Accreditation
Business Wire, May 8, 2007
FARMINGTON, Conn. -- Electronic Healthcare Network Accreditation Commission (EHNAC) announced JPMorgan Chase as the first financial services organization to receive accreditation for their Financial Serivces Accreditation program. This program and criteria focus on Financial/Banking Clearinghouses that utilize banking resources for HIPAA-defined, health data clearinghouse options. EHNAC's criteria expands its focus on ensuring standards are maintained in the processing and delivery of HIPAA security/privacy and the ANSI 835 (ERA) transaction. Financial/Banking clearinghouses are included in 16 existing criteria on technical requirements, timeliness of transactions, customer service, system availability, capacity and storage/retrieval. Three new criteria that exclusively apply to Financial/Banking clearinghouses were added for the Financial accreditation program.
JPMorgan Chase participated in an independent evaluation of its ability to perform at the highest level of standards for the electronic processing of health information. Key components of JPMorgan Chase's Healthcare Link business operations were thoroughly tested and evaluated, including its technology infrastructure, data security, emergency preparedness, and customer service.
"This marks a significant milestone because JPMorgan Chase is the first bank to pursue this type of accreditation," said Lee Barrett, Executive Director of EHNAC. "JPMorgan Chase proved to our commission that they are fully committed to providing value-added solutions to the healthcare community with the highest standards and quality service."
About EHNAC
EHNAC, an independent, not-for-profit accrediting agency, provides independent peer evaluation of an organization's ability to perform at industry-established levels within the healthcare eCommerce industry. EHNAC promotes administrative simplification and cost savings in the healthcare industry and provides the healthcare transaction industry with an independent capability to meet industry standards.
EHNAC accredits entities that send/receive HIPAA regulated transactions, or that transport or process EDI transactions between trading partners in the healthcare community. These entities include, but are not limited to, clearinghouses, transactions processors, value-added networks (VANs), payers, financial services organizations, and provider management organizations. For more information, please visit www.EHNAC.org.
About JPMorgan Chase Treasury Services
The Treasury Services business of JPMorgan Chase is a top-ranked, full-service provider of innovative payment, collection, liquidity and investment management, trade finance, commercial card and information solutions to corporations, financial services institutions, middle market companies, small businesses, governments and municipalities worldwide. With more than 50,000 clients and a presence in 36 countries, JPMorgan Chase Treasury Services is one of the world's largest providers of treasury management services. More information can be found at www.jpmorganchase.com/ts.
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