Electronic claim

Insurance claim submitted to the insurance carrier by a provider of medical services or electronic media claim (EMC) vendor transmitted via a central processing unit (CPU), tape, diskette, direct data entry, direct wire, dial-in telephone, digital fax, or personal computer download or upload.

electronic data interchange (EDI)

Process by which understandable data items are sent back and forth via computer linkages between two or more entities that function alternatively as sender and receiver. Common examples for medical billing that use the X12 format are insurance claims, quality assurance reviews, utilization data, and certifications. See also Accredited Standards Committee X12 (ASC X12) .

ELECTRONIC DATA PROCESSING (EDP)

Standard property insurance policies exclude many of the perils associated with losses involving software and data processing hardware. These include electrical disturbances and changes in temperature or humidity. Moreover, the coverage for software is limited to the replacement of blank tapes or CDs and business interruption is limited to 60 days.Purchase of an Electronic Data Processing (EDP) policy can fill these coverage gaps. Most policies include coverage for electrical surges, mechanical breakdown, and changes in temperature and humidity. Extra expense and business interruption due to a halt in data processing is also available.