Software addresses staff efficiency and revenue recovery.
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Press Release Summary:
ClearContracts(TM) v8.0 helps efficiently manage institutional and professional claim reimbursement activities and maximize reimbursement for bundled claims as well as ambulatory payment/outpatient visits. Professional Calculation Engine provides consolidated view of facility and professional claims, and users can determine expected payment and recover underpayments from same UI. Users can also generate reports that reconcile patient account and financial data sent to data processed.
Original Press Release:
Concuity's New Release of ClearContracts(TM) 8.0 to Improve Staff Efficiency and Increase Revenue Recovery
VERNON HILLS, Ill. and DUBLIN, Ireland, May 6 -- 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 8.0. The latest version of Concuity's ClearContracts solution enables users to more efficiently manage institutional and professional claim reimbursement activities and maximize reimbursement for bundled claims as well as ambulatory payment/outpatient visits.
The Professional Calculation Engine of ClearContracts 8.0 has been enhanced to provide clients with a consolidated view of facility and professional claims. Users can easily determine expected payment and recover underpayments for institutional and professional accounts from the same user interface. With the addition of institutional bundling, ClearContracts 8.0 clients can manage code bundling in a number of ways. This new calculation method is designed specifically for institutional claims and can allow a hospital to compare one or more sets of codes (e.g. CPT 4, Revenue Codes) according to the hospitals contract specific, reimbursement formulas. What's more, the reimbursements can be based on either the flat amounts for the entire bundle of codes or as a percentage of a codes fee schedule rate. Additionally, the user can further customize the bundling output conditions to refine the expected payment amount. Institutional bundling will help Concuity clients attain the maximum reimbursement for a prepared bill. ClearContracts 8.0 also includes enhancements to reconciliation reporting. Users can generate reports that reconcile patient account and financial data sent to data processed.
To address 2008 regulatory requirements, ClearContracts 8.0 includes enhancements to Ambulatory Payment Classification (APC) functionality. In addition to standard APC reimbursement, hospital clients can now view and calculate expected reimbursement for all new "Q" Code requirements for APC reimbursement.
"We have a consistent track record of delivering the most robust revenue reimbursement technology in our industry. We want our clients to have the ability to process their entire universe of claims efficiently and cost- effectively," said Ed Gallo, EVP for Concuity. "ClearContracts 8.0 provides superior functionality on a SAAS platform, enabling healthcare providers to increase the success of revenue recovery for underpaid and/or denied claims while making the process more efficient and cost effective."
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 on a SAAS platform, 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 global provider of integrated financial governance, transaction risk management, and compliance solutions for commercial, financial, and healthcare markets worldwide. Trintech's recognized expertise in reconciliation process management, financial data aggregation, revenue and cost cycle management, financial close, risk management, and compliance enables customers to gain greater visibility and control of their critical financial processes leading to better overall business performance.
Over 600 leading global organizations realize the benefits of Trintech's configurable and highly scalable solutions everyday, including 7-Eleven, Accenture, Allianz Life North America, Ameren, Bank of Nevada, eBay, Farmer's Insurance Group, Kinder Morgan, Regal Entertainment, Rohm and Haas, Sears, UPMC, Verizon Wireless, Wyndham Worldwide, and YUM! Brands Restaurants.
Trintech's technology enables our customers to ensure their internal financial processes are optimized, improve performance through stronger management of revenue and cost cycles, ensure the accuracy and integrity of financial data, improve the quality and efficiency of the financial close process, as well as reduce the risk of material weaknesses and restatements.
For more information on how Trintech can help you increase confidence in business performance and reduce financial risk, please contact us online at 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 - 15851 Dallas Parkway, Suite 900 - Addison, TX 75001
- Tel 1 972 701 9802
Trintech UK Ltd. - Warnford Court, 29 Throgmorton St. - London EC2N2AT,
UK - Tel +44 (0) 20 7628 5235
Trintech Technologies - Block C, Central Park - Leopardstown, Dublin 18,
Ireland - Tel +353 1 293 9840
Trintech - Cypresbaan 9 - 2908 LT Capelle a/d Ijssel, The Netherlands
- Tel +31 (0) 10 8507 474
CONTACT: Donna Martinez, Marketing Communications Manager of Trintech, +1-972-739-1611, donna.martinez@trintech.com, for Concuity
