Software facilitates healthcare revenue cycle management.November 14, 2007 -
ClearContracts v7.2 gives hospitals and health systems ability to manage each step of contract revenue cycle process. Along with calculation engine modeling, solution offers contract analysis and negotiation capabilities. It also enables finance administrators and contractors to identify and correct systemic issues that cause revenue leakage and develop long-term strategies for combating payer non-compliance.
(Archive News Story - Products mentioned in this Archive News Story may or may not be available from the manufacturer.)
Original Press release
Concuity
150 Fairway Drive, Suite 146
Vernon Hills, IL, 60061
USA
Concuity Announces New Release of ClearContracts(TM) for Revenue Cycle Management
Concuity's ClearContracts 7.2 further Improves Revenue Cycle Management with Increased Contract Analysis and Negotiation Capabilities
VERNON HILLS, Ill., and DUBLIN, Ireland, Nov. 5 -- Concuity, a healthcare division of Trintech (NASDAQ:TTPA) and a leading provider of contract management and revenue recovery technology ("Peer Reviewed by HFMA") and services, today announced the availability of ClearContracts 7.2. The latest version of Concuity's ClearContracts solution dramatically increases calculation engine modeling capabilities and system usability.
Health organizations are constantly occupied with managing underpayments and denials due to payer non-compliance; consequently, they're always looking for better ways to monitor contract compliance. With ClearContracts, finance administrators and contractors can identify and correct systemic issues that cause revenue leakage and develop long-term strategies for combating payer non-compliance. ClearContracts gives hospitals and health systems the ability to effectively manage each step of the contract revenue cycle process, as well as improve their cash position and reduce accounts receivable.
ClearContracts 7.2 gives healthcare organizations a broad range of enhanced modeling functionality that not only allows providers to model new contracts but also enables them to adjust their charges to more accurately reflect proposed reimbursement and more effectively negotiate future contracts. Enhancements to security and reporting features further increase enterprise-wide visibility, while enhancements to the user interface increase contract loading efficiency, flexibility, and consequently the user experience.
"ClearContracts continues to evolve. The latest version of ClearContracts further increases the user experience and decreases time and resources required by clients to maintain compliance," said Ed Gallo, EVP for Concuity. "With these latest innovations, Concuity continues its track record of providing the market's most significant contract management software."
About Concuity
Founded in 2000 by a group of healthcare industry visionaries, and now a division of Trintech, Concuity improves its customers bottom line performance by delivering targeted revenue recovery solutions, including ClearContracts(TM) which has been reviewed by HFMA and features the notable "Peer Reviewed by HFMA" mark, that ensure accurate claims reimbursement, improve workflow and payment collection, streamline contract negotiations, optimize cash flow and profitability, and ensure accurate implementation and compliance.
Concuity's rich industry knowledge and market-focused technology solutions and services empower your organization to identify and then eliminate systemic issues that cause revenue inefficiencies. The result is a significant return on investment with long term sustainable improvement in revenue and profitability for our clients. For more information, call 847-465-6003 or visit http://www.concuity.com/.
About Trintech Group
Trintech Group Plc (NASDAQ:TTPA) is a leading provider of integrated financial governance, transaction risk management, and compliance solutions for commercial, financial, and healthcare markets worldwide. Trintech's recognized expertise in reconciliation underpins its suite of financial governance solutions, enabling businesses to address critical business objectives leading to more informed decision making and better overall business performance.
Over 500 leading global organizations, including -- North Fork Bank, 7-Eleven, Kroger, Regal Entertainment, Accor, UPMC, Farmer's Insurance Group, YUM! Brands Restaurants, Rohm and Haas, Verizon Wireless, and Ameren -- realize the benefits of Trintech's configurable and highly scalable solutions everyday to: improve performance through stronger management of the revenue cycle and disbursements; ensure the accuracy and integrity of financial data; identify and reduce transaction risk; improve the quality and timeliness of financial reporting; and strengthen internal controls to support compliance requirements.
For more information on how Trintech can help you gain greater visibility and control of your critical financial processes, please contact us online at http://www.trintech.com/ or at our principal business office in Addison, Texas, or through an international office in Ireland, the United Kingdom, or the Netherlands.
Trintech o 15851 Dallas Parkway, Suite 900 o Addison, TX 75001 o Tel 1.972.701.9802
Trintech Technologies o Block C, Central Park o Leopardstown, Dublin 18, Ireland o Tel 353.1.293.9840
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