Liberty Mutual has backed out of settlements following the overturning of a $1.6 billion judgment it was involved in underwriting. The judgment stemmed from a lawsuit between BMC Software and IBM, with Liberty and other insurers covering parts of the policy. The recent appellate decision in favor of IBM has caused repercussions in the industry, … Read more
Oracle has introduced a new cloud service called the Oracle Health Insurance Data Exchange Cloud, aiming to assist healthcare insurers in managing evolving data formats and simplifying complex data exchange processes. This innovative solution enables insurers to create custom data validation and mapping rules, speeding up the processing of new and proprietary data formats. It … Read more
Oracle has launched a new Health Insurance Data Exchange Cloud Service to simplify and secure data sharing with CMS and employer groups. This cloud-native solution allows insurers to create custom data mappings, accelerate processing of new data formats, and streamline integration with partners. The service supports industry-standard formats like HIPAA X12 EDI and enables real-time … Read more
Oracle has introduced a new cloud service called the Oracle Health Insurance Data Sharing Cloud Service, designed to simplify and secure data exchange for healthcare insurers. This service allows insurers to create custom data mapping to accommodate evolving data formats and validation rules, speeding up the processing of proprietary data formats and integration with partners … Read more