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HIPAA EDI: Transactions sets in the Healthcare Industry

The Health Insurance Portability and Accountability Act (HIPAA), established in 1996, keeps individual health information private. It introduced HIPAA EDI (Electronic Data Interchange) Standards to secure electronic health data sharing among healthcare providers, insurers, and related entities. Healthcare EDI sets rules for how data should be formatted when electronically exchanged to ensure secure and efficient communication and reduce manual tasks.

Appian for Financial Regulatory Agencies

Policies and priorities in financial services regulation are constantly shifting. Appian lets you keep up with change in orchestrating the most complex workflows in supervising the financial marketplace, from start to finish. The Appian Platform brings #AI, #ProcessAutomation, and #DataFabric together in a low-code environment so you can unleash digital innovation. With Appian, you’ll automate and optimize your processes from beginning to end so you can compete and win in our rapidly changing world.

A Complete Guide to Legacy Application Modernization

Legacy systems have been important in the growth and success of several organizations. However, as these systems and applications age, they slow down and become increasingly costly to operate and manage. As per the U.S. Government Accountability Office, operating and maintaining legacy systems consumes over 80% of IT expenses. Organizations must scale and update these systems to accommodate their evolving business needs. This is where legacy application modernization can help.

Insurance Legacy System Transformation With API Integration: A Guide

Insurers’ success has always hinged on their ability to analyze data effectively to price and underwrite policies accurately. While this analytical capability remains essential, outdated legacy systems hinder insurers from competing in a rapidly changing market. According to McKinsey, modernizing legacy systems can reduce IT costs per policy by 41%, increase operations productivity by 40%, improve claim accuracy, increase gross written premiums, and reduce churn.

What Is Legacy ERP Modernization? Legacy vs. Modern ERP

Staying competitive requires embracing change and innovation. Modernizing legacy ERP is one such change that can equip enterprises with the tools they need to thrive. According to Gartner, 45% of CIOs seek to decrease investments in legacy infrastructure. Understanding this transition’s importance and navigating it can position businesses for sustained growth and success.

6 Ways to Improve Your Incident Management Reporting Process

Every organization faces incidents. These could be simple, such as customers being temporarily locked out of online accounts. Or they could be major incidents that damage your reputation, like a bad customer interaction that gets on the news. Or they could be damaging in another deep way, like a security breach or safety incident in manufacturing. Unplanned events are inevitable. How you handle them will make or break your organization.

The Best API Reporting Tools to Consider in 2024

The global API market’s value reached $5.42 billion in 2024 and is expected to grow to $34.17 billion by 2032. This exponential growth underscores the increasing reliance on APIs for digital transformation strategies. As the API economy expands, so does the complexity and volume of data exchanged through APIs. API reporting tools streamline this process by providing all the features you need to leverage APIs effectively.

Crafting a Successful Application Modernization Strategy

92% of enterprises are working on or planning an application modernization strategy. This trend shows a growing focus on upgrading technology. Modernizing existing systems and data infrastructure allows organizations to turn old, inefficient setups into flexible, scalable solutions that support future growth. These initiatives mitigate the risks of outdated technology and position companies to take advantage of new opportunities, such as big data analytics and integration with cloud technologies.

Business Intelligence vs. Data Analytics: Key Differences

Both business intelligence (BI) and data analytics help businesses make the most of their data through insights. While the two terms are related, they’re not the same and cannot be used interchangeably. The biggest difference is that business intelligence requires data analytics to generate results, but data analytics works well even independently of business data. Let’s do an in-depth comparison of the two and see if the business intelligence vs. data analytics debate is justified.