Lakeland Medical Center Selects Concuity to Improve Reimbursement and Monitor Payer Compliance
Vernon Hills, Ill., November 14, 2006 - Concuity, a trusted provider of healthcare revenue cycle reimbursement solutions, today announced that Lakeland Regional Medical Center, based in Lakeland, Florida has selected Concuity’s web-based ClearContracts(tm) revenue cycle management system to help them accurately determine expected reimbursement and identify and recover from inaccurately paid claims. “Concuity’s solution is sophisticated enough to handle the complex reimbursement terms that are in a lot of our contracts,” said Tricia Pierce, Director of Managed Care for Lakeland Regional Medical Center. “We’re looking forward to using the system to analyze and address payer compliance trends in our current contracts. We’ll also gain the ability to take this information and use it when we evaluate potential new contracts, rate schedules, and payer relationships,” she commented. “Lakeland Regional Medical Center does outstanding job of managing their revenue cycle,” said Robert E. Watson, president and CEO of Concuity “ClearContracts will enable them to manage it even more efficiently due to its comprehensive, accurately calculated expected contractual reimbursement.?”
About Lakeland Regional Medical Center
Lakeland Regional Medical Center, a not-for-profit facility, has served Lakeland and the surrounding communities for more than 80 years. LRMC is licensed for 851 beds. Lakeland Regional’s patients enjoy a wide scope of specialized medical services uncommon in a community of this size. Lakeland Regional offers some of the most comprehensive and sophisticated care available, from early detection and education programs, to primary and specialized care. Lakeland Regional is fully accredited by the Joint Commission on Accreditation of Healthcare Organizations.
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 847-465-6003 or visit www.concuity.com.
Published Nov. 14th 2006 at 9:11 am.