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IBA Health Limited's (ASX:IBA) eHealth Network Now Connects 30 Australian Health Funds
Sydney, May 14, 2008 (ABN Newswire) - IBA Health Group Limited (ASX: IBA)(PINK:IBATF) - Australia's largest listed health information technology company today announced two additional Australian private health insurance funds will connect to its expanding eHealth network for real-time, point-of-care electronic health claiming and payment services.
These latest agreements are with HBF and GMF Health funds. With more than 900,000 members, HBF is the leading provider of health insurance in Western Australia. Also based in Western Australia, GMF Health provides health insurance to more than 60,000 members across Australia.
IBA now has agreements with 30 health funds, which collectively represent 98% of privately health insured Australians. Privately insured Australians can settle their accounts on the spot with their health insurer and health care professional through connectivity to IBA's HealthPoint claiming service.
HealthPoint gives healthcare professionals and their patients an efficient, easy-to-use single point solution for EFTPOS, patient claims to health funds and, where appropriate, Medicare claims. By automating and streamlining the entire health claim and payment process, IBA's solutions are enabling health fund insurers to lower costs while providing more efficient and effective services to their members.
Both HBF and GMF are expected to go live with IBA's HealthPoint service from August/September this year with claiming for optometrists, dentists, chiropractors, physiotherapists and podiatrists
Nigel Lutton Managing Director of the iSOFT & IBA Business Units in Australia said "We are delivering tangible business benefits to a growing list of health funds, healthcare providers and hospitals that are committed to processing and settling health claims electronically. With expertise across all health sectors, we are in a strong position to meet the complex health and e-business demands of health funds, health professionals, government and the health consumer".
About IBA HEALTH LIMITED
IBA Health Group Limited (ASX: IBA) is the largest specialist information technology company listed on the Australian Securities Exchange.
IBA builds software applications for healthcare. We work with healthcare professionals to design and build solutions that answer all of the difficult questions posed by today's care delivery challenges. Our solutions act as a catalyst for change, supporting the free exchange of critical information across diverse care settings and participant organisations. We are the leader in the provision of advanced application solutions in modern healthcare economies around the world
Today, over 13,000 provider organisations in 35 countries across five continents use IBA's solutions to manage patient information and drive improvements in their core processes. The group's sustainable development is delivered through careful planning, in-depth analysis of our market and anticipation of evolving requirements. Our business is driven by the collective talent, experience and commitment of over 3,500 healthcare IT experts around the globe.
A global network of IBA subsidiaries, supported by an extensive partner network, provides substantial experience of national healthcare markets. As a result we offer our customers comprehensive knowledge of local market requirements, in terms of culture, language, working practice, healthcare regulation and organisational structure.
For more information on IBA Health, please visit the Company's website at www.ibahealth.com
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