Electronic Data Interchange (edi)

Definition of "Electronic data interchange (edi)"

Marcia Nwosu real estate agent
Marcia Nwosu, Real Estate Agent Fathom Realty

Method used to reduce workers compensation insurance costs by using a single database system to electronically link claims administration, medical claim costs, risk management, and vendor services. EDI can reduce errors in claims handling thereby making the process more efficient. Also, EDI permits the comprehensive gathering of demographic claims data pinpointing the factors that affect the risk.

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