Foresight Corporation credits customers with inspiring
20 years of success

Innovation, performance, and strong relationships with customers prove a winning formula

Dublin, OH – April 20, 2009 – Foresight Corporation, a leader in e-commerce productivity technology, electronic transaction validation, and operational processing visibility begins its 20th year of business today.

In 1990, Foresight’s CEO Robert A. Fisher, who had earlier founded the EDI (Electronic Data Interchange) software business of Sterling Commerce, started the company to focus on improving EDI productivity.  Foresight’s first product, EDISIM® (for EDI Simulator) was the first to produce test data automatically, addressing a long-standing industry efficiency problem.

EDISIM evolved to become the industry-standard e-commerce guideline management suite, creating the foundation for Foresight’s more advanced products, including the Transaction Insight® automation platform, which allows complete transaction validation and unsurpassed visibility into business operations.

The EDI solutions Foresight introduced in 1990 were just the beginning of its marketplace firsts.  Among the innovations Foresight has brought to the industry:

• First EDI guideline authoring tool and inventors of the Standard Exchange Format
• First, fastest, and most thorough transaction validation engine
• First web-based trading partner self-testing service
• First and most powerful transaction automation system
• First HIPAA transaction validation product
• First real-time healthcare transaction validation solution
• First healthcare-specific Business Activity Monitoring solution
• First online transaction correction & resubmission application
• First healthcare-specific ETL engine for Business Intelligence applications
• First automated trading partner onboarding system

Each advance was the result of what Foresight calls “co-creation” – that is, working closely with its customers to completely understand their specific needs, collaboratively creating solutions, and delivering them with precision and zeal.  This approach has consistently earned accolades from customers and respect from peers and partners.

Today, Foresight is the leading provider of transaction automation solutions, with customers from a wide range of industries, including the largest, most progressive names in healthcare, leading Fortune 1000 companies, and organizations around the globe.

Foresight’s pioneering spirit, unfaltering commitment to its customers and creative product development that were the hallmarks of the company at its founding are still firmly in place today.

“Our longevity is due to the reputation we built by always delivering on our promises”, explained Robert A. Fisher, CEO. “We never considered doing it any other way. Our customers inspire Foresight’s team of professionals to bring their talent, energy and creativity to the challenges we take on every day.  It’s a pleasure to celebrate the first 20 years of Foresight, while looking toward a future of new opportunities and innovation.”

About Foresight Corporation
Now entering its 20th year of business, Foresight Corporation helps customers build standards-compliant networks, address mandates like HIPAA 5010, connect partners, validate transactions and secure operational efficiencies. 

Foresight’s flagship Transaction Insight automation platform is used by leading healthcare organizations and BCBS plans nationwide to provide visibility into business operations while shortening revenue cycles, reducing administrative costs and improving provider relations.

Foresight is driven by a passion for co-creation, working hand-in-hand with customers to solve today’s issues and anticipate tomorrow’s challenges. Visit www.ForesightCorp.com or call 888-500-0800.

###