THIRD NATIONAL MEDICAL BANKING INSTITUTE

February 24-25, 2005

Nashville, TN

Institute Home | Registration | Agenda | Speakers | Institute Materials | Location & Lodging | Sponsorship

Joseph E. Wolfson, President & Chief Executive Officer

HealthTransaction Network™

Williamsville, NY

Title:  Medical Banking Pilot Update - HealthTransaction Network™

Session Focus/Summary:

The session will focus on a commercial program that is scheduled to pilot a national electronic healthcare transaction network.  We will review some of the planning stages, including a discussion of the strategic relationships that have been developed with financial institutions, healthcare organizations, government entities and the academic/scientific community.  We will atttempt to understand how such a network can achieve critical mass, as well as the ability of such a network to foster speedier adoption of electronic healthcare in America through real time financial processes and integration with electronic patient record initiatives.  A software demonstration of the system will be provided.

Learning Objectives at Conclusion of Session

1. Purpose of a healthcare transaction network that closely mirrors banking architecture and functions
2. Decision factors related to strategic alliances/partners
3. Identify the types of products and services that could be supported and how this benefits healthcare stakeholders
4. Define the primary and secondary markets
5. An analysis of how such a network can support quicker adoption of electronic healthcare

Biography:

Joseph E. Wolfson has over 30 years experience as a successful entrepreneur and business executive.  Since 1974, he founded four technology firms, including Integrated Delivery Technologies, Inc.; Bison Data Corporation; Metroteller Systems, Inc.; and, Empire of America Holdings, Inc.  He is a well respected leader in business and community endeavors.  His awards include:  Legendary Alumnus Award (2004), Senior Fellow in Entrepreneurship (2003), Western New York Distinguished Entrepreneur (2002) and Entrepreneur of the Year (2002).  Among his most notable appointments are:  Founding Board Member, Chair and Mentor Program Leader of State University of New York; Board of Directors and Chairman of the Board of Medaille College; and, Chairman of the Audit Committee of Buffalo General Hospital.  His current focus is on the creation of a national healthcare transaction network that can transform high cost administrative processes in healthcare.