This HIMSS White Paper describes an opportunity for providers, payers, banks, financial networks, and healthcare clearinghouses to establish an interoperable healthcare payments “hub” that enables Straight Through Processing (STP) of healthcare financial transactions(or, as is the emerging parlance today, “medical banking” transactions). This hub is intended to demonstrate bottom line financial advantage to each of the
counterparties and/or stakeholders involved by creating a prototype for Electronic Fund Transfers (EFT)/Electronic Remittance Advice (ERA) management using the STP model.
