NJHA Partners With Concuity to Help New Jersey Hospitals Improve Their Revenue Cycle
Princeton, N.J., June 1, 2005 - The New Jersey Hospital Association (NJHA) and Concuity have entered into a joint marketing agreement that will promote a solution set to help hospitals in New Jersey increase cash flow and optimize payer contract yield. Concuity’s ClearContracts™ is a Web-based solution that identifies and corrects payer non-compliance issues within the contract revenue cycle. Concuity also provides Revenue Recovery Services in combination with ClearContracts to accelerate recovery from underpaid claims. NJHA Vice President of Business Development Guy Evans sees this partnership as an opportunity for New Jersey hospitals to realize reimbursement for services that are traditionally written off due to underpayments, denials and other sources of revenue leakage. “Concuity’s user-friendly, Web-based contract management system can provide tremendous benefits to our members, “We believe Concuity’s solution set is truly unique and will enable our members to accelerate cash flow and maximize contract yield.” Robert E. Watson, president and CEO of Concuity commented, “Millions of dollars get written off needlessly each year due to contract discrepancies. Concuity enables hospitals to be proactive and actually prevent revenue loss, not just recover it after the fact. We’re enthusiastic about our partnership with the New Jersey Hospital Association and we look forward to helping NJHA members improve their bottom line.”
About NJHA
NJHA is a leader in advocacy, education, and information. It partners with its 112 members so that they can better provide accessible, affordable and quality healthcare. NJHA offers its members and other healthcare providers an extensive portfolio of products and services, including customized cost management solutions, through its subsidiary, NJHA Corporate Services. For more information, visit www.njha.com.
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 Sutter Health, Stanford Hospitals and Clinics, , Riverside Medical Center, a member of the Rush System for Health, and Providence Health System. Concuity is headquartered in Vernon Hills, Ill., with offices throughout the United States. For further information about Concuity’s solution, please contact Concuity at 847-941-9230 or visit our Web site at www.concuity.com.
Published Jun. 1st 2005 at 9:24 am.