Consequentially they can gather all the necessary details to negotiate a new healthcare plan contract with insurance companies or figure out whether the current coverage is suitable for the financial plans of their business, in case the activity is low at the moment, for example. As the name suggests, the app has the role of converting HIPAA 834 files to XLS, CSV or XLSX, file formats that enable you to organize, view and manage the information better.Ĭonsidering the contents of the HIPAA standard, it goes without saying that they could provide employers or CEOs with valuable insight. HIPAA 834 to Excel is a light piece of software that enables you to retrieve the information associated with your staff's healthcare benefits and plans. The files are commonly used to transmit information such as the termination or the plan membership, a new enrollment, reinstatement and option changes in the current health plan to the insurance companies you are working with. In other words, it is a universally accepted standard that stored sensitive information about the employees' health plan subscriptions, benefits and demographic information. EDI or HIPAA 834 refers to a transaction used by employers, unions, insurance agencies and government institutions in the US to exchange funds and keep information updated regarding the staff's healthcare benefits plan.
