Apatoff | Peters Advises Software Firm on Licensing Issues
Rockville, MD. Frederick, Maryland-based Axiom Systems, Inc., an information technology product and services company providing solutions to the health care industry, announced today that it entered into a license with Foresight Corporation of Columbus, Ohio for the integration of Foresight’s TI Instream® validation engine software product with Axiom’s TransSend™ software solution.
TransSend allows health plans, large provider networks and other participants in the health care supply chain to enable direct connections between health care providers and payors for the transmission and receipt of health care claims and related EDI transactions. TransSend leverages existing health care EDI infrastructure to integrate all HIPAA 27x and 83x transactions between providers and payors.
Instream is built on the world’s fastest single-pass claims validation engine, ensuring compliance of inbound and outbound data based on industry standards, organizational guidelines and specific business rules, Instream features transaction validation and filtering based on HIPAA and WEDI level 1-7 standards and organizational front-end and pre-adjudication edits. Integrating Instream with Axiom’s TransSend solution allows health care providers and payors to assure that all HIPAA EDI transactions comply with all HIPAA 27x and 83x standards for all inbound and outbound EDI transactions.
Axiom Systems, considered the “Managed Care Technical Experts,” is an information technology product and services firm located in Frederick, Maryland dedicated to providing computer software products, solutions and professional services to managed care and other health insurance organizations to optimize the business operations of those customers. Axiom’s TransSend™, HIPAA MAXIM®, HIPAACare™, mEDIc™, and HIPAAeXchange® software products and solutions enable direct connections between provider and payor, without costly clearinghouses, enable health care EDI transactions, ensure HIPAA compliance, and integrate and manage trading partner relationships between providers and payors. More information can be found at www.axiom-systems.com.
Adam Apatoff, a Principal in Apatoff | Peters, LLC, was counsel to Axiom Systems for the transaction. Mr. Apatoff regularly advises technology companies on technology licensing matters.
Apatoff | Peters, LLC counsels clients on Technology, Tax, Corporate and Estate Planning matters. The firm enables success for technology firms, growing businesses, established companies and individuals by putting clients first, balancing each client’s unique concerns with sound legal advice and business guidance. In both 2005 and 2006, the firm was named among the Top Washington Lawyers by the Washington Business Journal.
To learn how the firm can help you see your path™ to success, visit the firm’s website, http://www.apatoffpeters.com.