Did You Know? EDI systems, programs, and processes have been around since the 1960s
CuraScript SD Offers Various Types of EDI Transmissions, Providing Streamlined Solutions to Physicians
01 | Understanding EDI
Electronic Data Interchange or EDI is the exchange of information from one party to another strictly electronically. This process is initiated when a connection is established between two agreeing parties, typically requiring a technology team or third-party to establish. Once the connection is made, tested, and verified; information can be digitally sent and received between the two entities automatically. There are different types of transmissions for both inbound and outbound data, and available transmission types will vary between parties.
A physician’s office sets up a connection with a distributor so they may electronically order a product. Within this same connection, the physician also sets up a transmission type that allows them to receive invoices electronically. The purchase order is outbound data for the practice, and the invoice is inbound data.
02 | How is EDI Different from E-commerce?
EDI differs in several ways from typical online e-commerce. EDI allows for different connections across multiple parties to have one singular end-point. Meaning a purchaser could order from multiple vendors simultaneously and receive all the data and records in one place, under one system. There is also standardization requirements in EDI, meaning data must have specific formatting and fields in order to be transmitted over EDI. EDI is the commonly used and widely integrated technology in business-to-business transactions.
03 | Benefits
Some notable cost/time-saving benefits are:
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