Cape Cod Hospital Selects Concuity’s System for Denial and Payment Variance Management.
Vernon Hills, Ill. (August 16, 2006) - Concuity, the leading provider of reimbursement technology solutions for the healthcare industry, announced today that Cape Cod Hospital of Hyannis, Massachusetts will use Concuity’s ClearContracts application to improve their management of payment variances, denials and recovery. ClearContracts is a web-based application that helps healthcare providers validate contractual reimbursement and improve their revenue cycle. “After evaluating other systems, we chose ClearContracts for its ability to handle all of our reimbursement issues, even in the most complex scenarios,” said Charlotte Henderson, director of revenue cycle management at Cape Cod Hospital. “ClearContracts takes a more complete approach than many other applications by giving users the ability to manage both payment variances and denials. We believe the system’s workflow tools will increase our efficiency and ultimately serve our patient community better,” she stated. “We appreciate the important role Cape Cod Hospital has in serving their community,” said Robert E. Watson, president and CEO of Concuity “ClearContracts will give Cape Cod Hospital the ability to manage their revenue cycle proactively as well as identify and recover revenue that they are contractually entitled to receive. They will be able to stop future revenue leaks and use ClearContracts when they negotiate managed care contracts in the future.”
About Cape Cod Hospital
Cape Cod Hospital is a partner within Cape Cod Healthcare, a comprehensive, regional healthcare system spanning the entire Cape. Cape Cod Healthcare is the leading provider of healthcare services for residents and visitors of Cape Cod. With more than 400 physicians, 4,000 employees and 1,100 volunteers, Cape Cod Healthcare has two-acute care hospitals, the largest home health services agency on the Cape (VNA), a skilled nursing and rehabilitation facility, an assisted living facility and numerous health programs. For more information, visit Cape Cod Healthcare’s web site at www.capecodhealth.org.
About Concuity
Concuity offers industry-leading solutions to increase hospital revenue by identifying and correcting payer non-compliance issues in the contract revenue cycle. Founded in 2000 by a group of healthcare industry visionaries, Concuity improves its customers’ bottom lines by delivering technology and service solutions to create and negotiate better contracts, ensure accurate implementation and compliance, and collect what’s owed. Clients include University of Utah Hospitals and Clinics, Salt Lake City, UT, Riverside Medical Center, Kankakee, IL and Providence Health System, Seattle, WA. Concuity is headquartered in Vernon Hills, Ill. For more information, call Concuity, at 847-941-9230 or visit www.concuity.com.
Published Aug. 16th 2006 at 8:58 am.