Lanham, Md. — Pitney Bowes Group 1 Software announced that Companion Data Services LLC (CDS), a provider of information technology services to support public health insurance programs administered by the Centers for Medicare & Medicaid Services (CMS), has selected its Finalist address quality technology to cleanse addresses and better process insurance claims.
CDS is one of three nationwide enterprise data centers (EDC) that support Medicare claims processing across the United States. According to company, CDS helps Medicare accommodate a growing claims volume, standardize operations, expand electronic services, bolster security and lower costs. CDS has a contract with CMS to process approximately 800 million claims annually that are submitted by hospitals and physicians in 30 states, the District of Columbia and Puerto Rico. This represents about 65% of all Medicare claims in the country.
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