Insurance Software clarifies patient benefits for hospitals.August 14, 2009 -
Delivered via SaaS model, EligibilityPlus offers complete view of patient insurance benefits for healthcare industry applications. Program resolves issues such as delayed payment, rework, low patient satisfaction, billing errors, denials, and bad debt by delivering comprehensive insurance eligibility benefits and data. This is achieved with combination of standard eligibility Electronic Data Interchange (EDI) transactions and benefits available only on payer web-portals.
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Original Press release
Recondo Technology
6312 S. Fiddlers Green Circle, Suite 600 E.
Greenwood Village, CO, 80111
USA
Recondo Technology Introduces New Software Service for Hospitals
- EligibilityPlus provides an unprecedented level of patient insurance benefits
GREENWOOD VILLAGE, Colo., Aug. 5 -- Recondo Technology, a leading provider of revenue cycle solutions for the health care industry, today announced the release of EligibilityPlus, Software as a Service (SaaS) that offers the most complete view of patient insurance benefits in the industry.
Without accurate and timely eligibility determination, hospitals experience countless downstream problems, such as delayed payment, rework, low patient satisfaction, billing errors, denials, and bad debt. These operational problems, created by inaccurate eligibility determination, result in patient dissatisfaction and missed financial opportunities.
EligibilityPlus resolves these challenging issues by delivering the most comprehensive insurance eligibility benefits and data available. EligibilityPlus achieves this unprecedented benefit detail by combining standard eligibility Electronic Data Interchange (EDI) transactions with benefits available only on payer web-portals.
"EligibilityPlus provides us with more complete patient benefit information in an easy-to-read format compared to other eligibility software," said Val Kraus, Director of Admissions & Case Management, Boulder Community Hospital, Boulder, Colorado.
"Recondo Technology streamlines the critical information flow between providers and payers," stated Rick Adam, Recondo CEO. "With a comprehensive understanding of patient insurance benefits, providers can identify specific coverage, simplify patient registration workflows, reduce claim rework, and assess patient liability."
Recondo Technology offerings include SurePayHealth, which yields higher cash collections for hospitals by validating patient identity and insurance coverage, deductibles, copayments, coinsurance, and out-of-pocket maximums, and delivering an accurate calculation to collect patient payment at time of service or during the pre-registration process. Recondo Authorization-Denial Prevention (Auth-DP) allows hospital staff to identify required payer authorizations prior to service, ensuring that the hospital provides service only with the correct, approved authorization in place. Recondo EligibilityPlus offers hospitals the industry's most complete view of commercial and government insurance benefits. All Recondo offerings are Software as a Service (SaaS) deployable via a browser, requiring no additional hardware or software, and architected on a high-speed, high-volume, rules processing platform.
About Recondo Technology
Recondo Technology develops Software as a Service (SaaS) products that bring efficiencies and cost savings to health care payment processing, which currently costs the medical industry a staggering $360 billion in annual expense. Recondo software services include SurePayHealth, Authorization-Denial Prevention, and EligibilityPlus, all designed to increase cash flow, reduce bad debt, and lower administrative costs in the hospital revenue cycle. Visit Recondo Technology at www.recondotech.com.
CONTACT: Terry Truman, Vice President, Marketing of Recondo Technology, +1-303-974-2815, terry.truman@recondotech.com
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