The U.S. Healthcare Efficiency Index, an industry consortium founded in 2008, has launched the second phase of an initiative to measure industry progress in adopting electronic financial and administrative transactions.

Emdeon Business Services, a Nashville, Tenn.-based claims clearinghouse and revenue cycle management vendor, founded the initiative. The U.S. Healthcare Efficiency Index is a national reference for tracking and measuring the transition from paper-based and phone-based transactions to electronic transactions.

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