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FOR IMMEDIATE RELEASE Foresight Contact:
Columbus, OH, April 21, 2005 –Foresight Corporation marked its 15th year in business today. The company was founded in April 1990 by CEO Robert Fisher to help companies improve electronic commerce through the use of innovative technology. Originally focused on increasing electronic data interchange (EDI) productivity, Foresight premiered its first product EDISIM® in January 1991. Today, with thousands of users world-wide, EDISIM is still finding new uses, including its application as the business rules engine for Foresight’s Transaction Insight® business intelligence solution. In 2001, the Company turned its attention to the health care industry. “We saw an opportunity to help payers and providers make sure their claims transactions meet HIPAA standards,” Fisher said. “From there, we were asked to address other issues common to all transaction processing. That is what led to the delivery of Transaction Insight as the first application of business intelligence techniques for managing health care transaction processing systems. Today, more than half of the nation’s Blue Cross Blue Shield health care organizations rely on Foresight to help them build networks compliant with government, industry, and organization standards, connect partners, validate transactions, and filter them for fast and easy repair of transactions in error. Fifteen years later, with thousands of customers in over a dozen industries, Foresight is still known as a true innovator that has never produced a me-too product, Fisher said. “We are proud of our track record and excited by what is coming. We can now deliver real time actionable information that allows organizations to optimize their operations while minimizing errors and the need for human intervention. This may be the most exciting time yet.” About Foresight Corporation More than half of all Blue Cross/Blue Shield organizations trust Foresight Corporation’s transaction automation systems to provide insight into business operations while securing HIPAA compliance, shortening revenue cycles, reducing costs and improving provider relations. Since 1990 Foresight has helped its customers build networks compliant with government, industry, and organization standards, connect partners, validate transactions, and filter them for fast and easy repair. Today Foresight is the leader in transaction automation and pioneer of the first real time business intelligence techniques for healthcare. For more information, visit the company at www.foresightcorp.com or call 1.888.500.0800. ### click here for
Bob Fisher Photo
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