Press Releases
Concuity Wins New Revenue Cycle Management Customer With ClearContractsTM
Vernon Hills, IL March 9, 2010 – Concuity, A Healthcare Division of Trintech, Inc. (NASDAQ:TTPA), and a leading provider of Revenue Cycle Management technology and services, announced today that it has secured a contract for the implementation of Concuity’s Revenue Cycle products to one of the largest not-for-profit healthcare systems in Texas. Based in Houston, the provider organization serves the greater Houston area with over 10 hospitals, a large network of affiliated physicians and numerous specialty programs and service. Over the next 3 years, Concuity’s ClearContracts solution will be utilized by the entire organization to help improve payer compliance, reduce payer payment errors, and ensure accurate management reporting. Paul Byrne, President of Trintech and its Healthcare Business Group commented "Concuity is pleased that it » read more
Trintech Reports Fourth Quarter and Fiscal Year 2010 Financial Results and an Agreement to Sell its Healthcare Division
Dublin, Ireland / Dallas, Texas - March 2, 2010
Revenues of $7.9 million, Adjusted EBITDA Net Income of $1.4 million and Net Income of $910,000 for the Fourth Quarter 2010 from Continuing Operations.
Revenues of $32.5 million, Adjusted EBITDA Net Income of $4.9 million and Net Income of $2.6 million for the Year Ended January 31, 2010 from Continuing Operations.
Agreement to sell Healthcare Division for $34.5 million in cash.
Trintech Group Plc (NASDAQ: TTPA) today announced revenues of $7.9 million for the fourth quarter ended January 31, 2010, an adjusted EBITDA net income of $1.4 million and net income for the quarter of $910,000 from continuing operations. For the year ended January 31, 2010, the company recorded revenues of $32.5 million, an adjusted EBITDA net income of $4.9 » read more
Concuity Wins New Revenue Cycle Management Customer With ClearContracts™
Vernon Hills, IL February 3, 2010 – Concuity, A Healthcare Division of Trintech, Inc. (NASDAQ:TTPA), and a leading provider of Revenue Cycle Management technology and services, announced today that it has secured a contract to provide its Revenue Recovery Services to one of East Texas’ preferred health care providers. This new customer has been providing healthcare services to East Texas for over 70 years through its two hospitals and multi-specialty physician group. The provider organization is also a national leader in patient satisfaction, advanced technology, quality initiatives, and is a faith-based, not-for-profit organization dedicated to creating healthy lives for people and communities.
Over the next year, Concuity will be providing Revenue Recovery Services designed to deliver immediate improvement in its customers’ bottom line performance by analyzing » read more
Concuity Announces Next-Generation Revenue Cycle Management Solution
New ClearContracts 9.0 to Improve Clients’ Revenues, Security and Month-End Processing
Vernon Hills, Illinois | Dublin, Ireland - November 16, 2009
Concuity, a healthcare division of Trintech (NASDAQ: TTPA) and a leading provider of Revenue Cycle Management technology and services, announced the new release of ClearContractsTM 9.0. Used by the largest and most sophisticated hospital systems in the U.S., ClearContracts is a web-based suite of software that enables healthcare providers to meet all of their managed care and revenue recovery goals.
Concuity’s ClearContracts version 9.0 introduces a new level of sophistication and functionality in Payer Compliance and Revenue Management solutions. This new release offers customers a more immediate ROI with significant enhancements to revenue recovery management and expected reimbursement calculations. With version 9.0, clients can choose between more » read more
Providence Health & Services increases revenue by $35 million using Concuity ClearContracts
Providence expands use of Concuity products across 16 facilities following success to date increasing net revenue
Vernon Hills, IL June 8, 2009 – Concuity, A Healthcare Division of Trintech, Inc. (NASDAQ: TTPA) announced today that Providence Health & Services signed an agreement to expand the breadth of services provided to the multi-hospital system. Providence Health & Services has, based on the success achieved to date, extended its agreement to include the addition of four more facilities using the ClearContracts software-as-a-service revenue management solution from Concuity. The expanded agreement includes an extension of Concuity’s ClearContracts solutions to the 16 hospitals located in the Washington, Alaska, Montana and California regions of Providence Health & Services. Providence uses ClearContracts for all contract management functions including accounts receivables management, account » read moreValley Baptist Health System Selects Concuity’s ClearContracts to More Accurately Calculate Payments from Managed Care and Government Payers
Vernon Hills, Illinois/Dublin, Ireland – 08 September 2008 – 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 that Valley Baptist Health System has selected the ClearContractsTM Payer Compliance suite to more accurately calculate payments from managed care and government payers; more easily negotiate contract terms and analyze and track the results of managed care agreements; better hold payers accountable to the terms of agreements; and appeal and collect underpaid and denied claims.
Valley Baptist Health System is one of the largest not-for-profit health systems in South Texas with more than 800 beds. The healthcare system delivers premium and award-winning healthcare services through its two hospitals, Valley Baptist » read more
Concuity Announces the Availability of PriceAdvisor
Concuity’s Release of PriceAdvisor Combats Ineffective Pricing Transparency to Increase Patient Satisfaction & Improve Revenue Projection and Recovery for Hospitals
Vernon Hills, Illinois/Dublin, Ireland - 24 June 2008 - 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 PriceAdvisorTM, a web-based solution that will enable hospitals to accurately produce patient estimates by utilizing payer contracts, actual claim data, and patient benefit information.
There is a push toward increased healthcare quality and pricing transparency in the marketplace, largely driven by the growth in consumer-directed health plans, and as a consequence, hospitals are beginning to realize the importance of providing their patients with estimates for out-of-pocket costs, which » read more
Concuity Announces Partnership with Financial Healthcare Systems, LLC
Partnership Expands Concuity’s Product Suite by Adding Price Transparency
Vernon Hills, Illinois/Dublin, Ireland - 23 June 2008 - 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 its partnership with Financial Healthcare Systems (FHS Corp), a provider of a web-based solution for credible procedural price estimates that provides patients with specific out-of-pocket costs, allowing them to better plan for impending medical expenses, while giving hospitals the ability to more accurately project revenue. By partnering with FHS Corp, Concuity further enhances its value proposition for hospitals seeking to increase customer satisfaction, streamline operations, and improve revenue calculation.
PriceAdvisorTM, developed as a result of this technology partnership, will provide a seamless » read more
Trintech’s Annual Customer Conference Brings Together over 200 Professionals from 112 Companies to Learn the Latest Innovations in Financial Governance, Risk Management, and Compliance Technologies
Dallas, TX / Dublin, Ireland – 9 June 2008 – Trintech Group Plc (NASDAQ: TTPA), a leading global provider of integrated financial governance, transaction risk management, and compliance solutions, today announced the successful conclusion of its twelfth annual US-based Customer Conference held May 19-22 at the Royal Sonesta Hotel in New Orleans, Louisiana. The Conference featured KPMG Advisory Services Principal, Richard Beacham; KPMG Advisory Services Director, Mike Scanlon; Prodiance President and CEO, Soheil Saadat; and more than 200 accounting and treasury professionals from world-class organizations, including eBay, ANZ Bank, Nike, Target, Monster Worldwide, and Yahoo; and sponsors PNC, Solutran, Harland Clarke, and Garda.
This year’s conference theme focused on helping clients make financial governance a strategic asset in their business. The conference recognized that The Office » read more
Concuity’s New Release of ClearContractsTM 8.0 to Improve Staff Efficiency and Increase Revenue
Vernon Hills, Illinois/Dublin, Ireland – 05 May 2008 – 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 » read more
HealthEast Care System Selects Concuity’s ClearContracts TM to Increase Contract Analysis and Negotiation Capabilities and Improve Revenue Cycle Management
Vernon Hills, Illinois/Dublin, Ireland – April 2008 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 that HealthEast Care System has selected ClearContracts™ to enhance contract negotiation capabilities and improve the recovery of underpaid claims.
HealthEast Care System operates a number of hospitals and other health care facilities throughout the St. Paul, Minnesota, metro area, including three general acute care facilities – St. John's Hospital, St. Joseph's Hospital, and Woodwinds Health Campus. A fourth hospital, Bethesda Hospital, provides inpatient rehabilitative care. HealthEast Care System also features a number of primary care and specialty clinics located throughout its service area.
"The calculations performed in our existing system for expected reimbursement weren’t » read more
Edward Hospital & Health Services Selects Concuity’s ClearContractsTM
Edward Hospital & Health Services Selects Concuity’s ClearContractsTM for Contract and Denials Management and EOB Pro for Receivables ManagementVernon Hills, Illinois/Dublin, Ireland – 14 January 2008 – 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 that Edward Hospital of Naperville, Illinois has selected ClearContracts to improve the management of payment variances, denials, and revenue recovery and EOB Pro to retrieve, consolidate, and standardize electronic remittances from multiple payers into 835s.
Founded in 1907, Edward Hospital & Health Services is a full-service, regional healthcare provider offering access to complex medical specialties and innovative programming in the west and southwest suburbs of Chicago.
“We have developed visionary goals for our payment » read more
Concuity Announces New Release of ClearContracts for Revenue Cycle Management
Concuity’s ClearContracts™ 7.2 further Improves Revenue Cycle Management with Increased Contract Analysis and Negotiation CapabilitiesVernon Hills, Illinois/Dublin, Ireland – 5 November 2007 – Concuity, a healthcare division of Trintech (NASDAQ: TTPA) and a leading provider of contract management and revenue recovery technology 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 » read more
Concuity Announces the Launch of Its New Fully Accessible Website – Concuity.Com
Vernon Hills, Illinois/Dublin, Ireland – 10 September 2007 – Concuity, a healthcare division of Trintech (NASDAQ: TTPA), today announced the launch of its newly designed website – http://www.concuity.com. The new website markedly improves the ability of visitors to quickly find information about Concuity’s products and services, and provides a single source of information for financial professionals in the healthcare industry seeking ways to optimize and manage their cash flow for improved revenue and contract profitability. “The new website supports our growing business and increasing base of top-tier healthcare customers. It has been architected to be easily navigable and to explain the features and benefits of our products and services, including ClearContracts™ for Hospitals and Physician Groups, EOB Pro, and Revenue Recovery Services,” stated Ed Gallo, » read more
Concuity Announces the Availability of EOB PRO for Healthcare Providers
Concuity’s EOB PRO Integrates EOB Conversion Capabilities into its Contract and Denials Management Software, ClearContractsTM Vernon Hills, Illinois/Dublin, Ireland, 25 June 2007, Concuity, a healthcare division of Trintech (NASDAQ: TTPA), today announced the availability of EOB PRO for ClearContracts, its web-based, revenue cycle management system. ClearContracts helps healthcare providers identify and correct underpayments due to payer non-compliance in the contract revenue cycle. EOB PRO converts paper-based Explanation of Benefits (EOBs) into HIPAA standard 835s, eliminating the intensive, manual process of posting paper EOB payments to a healthcare billing system. EOB PRO allows providers to consolidate various paper and/or electronic remittances into a single stream of data that eliminates time-consuming and error-prone manual data entry; enhances the ability to recover revenue; provides image and data archive » read more
Trintech Group Announces Acquisition of the Health Care Business and Assets of Concuity, Inc.
Dallas, Texas/Dublin, Ireland , December 5, 2006 , Trintech Group Plc (NASDAQ: TTPA), a leading provider of financial software and technology services, today announced the acquisition of substantially all of the assets and assumption of certain liabilities of Concuity, Inc., a private company specializing in technology solutions for the health care industry, for an expected total cash consideration of up to $8.25 million. The consideration comprises initial cash consideration paid on closing of $5.5 million and a performance-based earn out payable over two years, which is estimated at between $2.5 million and $3.5 million, $2.0 million of which is guaranteed. In addition to the expected $8.25 million consideration being paid to acquire the business and assets of Concuity, Trintech expects to fund operational losses of » read more
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 » read more
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 » read more
Trintech Appoints Ed Gallo to Lead New Healthcare Business Group
New Healthcare Business Group to deliver Next-Generation Claim to Payment Transaction Reconciliation and Exception Management Solutions for Healthcare Claims Dallas, Texas/Dublin, Ireland - 19 June, 2006 - Trintech Group Plc (NASDAQ: TTPA), a leading provider of transaction reconciliation and payment infrastructure solutions, today announced the formation of its Healthcare Business Group, a strategic business unit that will help healthcare providers, payers and financial institutions optimize the Claim to Payment Transaction Process, including transaction reconciliation and workflow management of exceptions. Trintech's product solutions, including ReconNET, AssureNET GL, and Bank Fee Analysis, are already used by many prominent healthcare organizations, including UMPC Health System, UnitedHealth Group, Adventist Health System, University of Missouri Health Care and Wellpoint Health Networks. Trintech will consolidate its healthcare know-how and technology solutions » read more
Fairfield Medical Center Selects Concuity to Improve Reimbursement
Vernon Hills, Ill., May 3, 2006 - Concuity, a trusted provider of healthcare revenue cycle reimbursement solutions, today announced that Fairfield Medical Center, based in Lancaster, Ohio has selected Concuity's web-based ClearContracts(tm) revenue cycle management system to help them improve their revenue cycle and process more accounts internally. "We chose Concuity's solution because it will enable us to efficiently identify contractual non-compliance issues and increase reimbursement," said Sky Gettys, chief financial officer for Fairfield Medical Center. "Using ClearContracts, we anticipate we'll be able to minimize the use of outside agencies for patient account processing. The system's reimbursement sophistication and automated workflows will enable our patient accounting team to handle more accounts. The efficiency and accuracy of this application will give us the bandwidth to process » read more
Providence Health & Services Expands Use of Concuity’s Services and Extends Current Contract
Vernon Hills, Ill., March 22, 2006 - Concuity, a trusted provider of healthcare revenue cycle reimbursement solutions, today announced that Providence Health & Services has decided to implement Concuity's web-based ClearContracts(tm) application in their eastern Washington and Montana service areas. Providence Health & Services also agreed to extend its current contract with Concuity, which covers service for western Washington and Alaska facilities, for an additional five years. Providence Health & Services has over 170 different rate schedules, many of which have very complex reimbursement terms. After seeing noticeable results using Concuity's application in some of their facilities, their finance team decided to expand its use so other facilities could reap the same benefits. "When Providence Health & Services originally selected Concuity a couple of years » read more
Englewood Hospital and Medical Center Selects Concuity to Enhance Current Processes and Improve Payer Contracts
Vernon Hills, Ill., (March 8, 2006) - Concuity, a trusted provider of healthcare revenue cycle reimbursement solutions, today announced that Englewood Hospital and Medical Center, based in Englewood, N.J., has selected Concuity's web-based ClearContracts(tm) application to enhance their internal revenue cycle management processes, making them less reliant on outside services. "We chose Concuity's solution because it offered us a way to further improve the way we were processing commercial insurance accounts," said Anthony Orlando, senior vice president of finance/chief financial office for Englewood Hospital and Medical Center. "We're looking forward to using Concuity's contract modeling tools to help us proactively assess our existing payer contracts. The Concuity product suite will help us better evaluate the performance and compliance of our commercial payers when it becomes » read more
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 » read more
Southern Regional Health System Selects Concuity To Identify and Collect Underpayments
ClearContracts™ Application Combined With Revenue Recovery Service will Accelerate Revenue and Recover Underpayments and Denials
Vernon Hills, Ill. (May 11, 2005) - Concuity, the leading provider of contract management solutions for the healthcare industry, announced today that Southern Regional Health System of Riverdale, Georgia will use Concuity's ClearContracts™ application suite and Revenue Recovery Services to improve underpayment and denial collections. "We realized we needed to take a second look at how we were processing our managed care contracts," said Darrel Lawson, managing director of Patient Financial Services at Southern Regional Health System. "Up until now, it has been a fairly manual effort - we knew it was time to automate how we managed denials and underpayments. After evaluating other systems, we chose ClearContracts' because it had » read moreRiverside Medical Center Extends Concuity Contract
ClearContracts™ Uncovers Emerging Issue With Major Payer's Reimbursement Methodology
Hayward, Calif., April 12, 2005 - Concuity, a trusted provider of revenue cycle management solutions for the healthcare industry, today announced that Riverside Medical Center; Kankakee, Illinois has agreed to extend their contract to use Concuity's ClearContracts™ Revenue Cycle Management Solutions for three years. Riverside Medical Center, in Kankakee, IL and part of the Rush Health System based in Chicago, began outsourcing underpayment identification and recovery to Concuity in October, 2003 and has been using the ClearContracts web-based application for executive-level performance reporting. "With Concuity, we've achieved our contract management goals and they have definitely exceeded our revenue recovery expectations," says Bill Douglas, CFO and treasurer for Riverside Medical Center. "Like many Illinois hospitals, we have a » read moreConcuity Acquires Endoxy Healthcare Associates
Leading Healthcare Contract Revenue Cycle Management Company Adds Broad Range of Complementary Services
HAYWARD, California, December 1, 2004 - Concuity, the leading provider of contract revenue cycle management solutions for the healthcare industry, today announced that it has acquired Endoxy Healthcare Associates. The acquisition, will add a broad range of complementary services to Concuity including additional account receivables management services, and implementation and integration expertise. The addition of the Endoxy personnel will augment Concuity's existing software and services offerings for improving bottom line results for healthcare organizations by identifying and correcting payer non-compliance issues in the contract revenue cycle. Concuity's Revenue Recovery Services organization will be enhanced with the addition of the account receivables management personnel as a result of this acquisition. Concuity CEO » read moreNorth Memorial Health Care Chooses Concuity To Identify And Collect Underpayments
ClearContracts™ Revenue Recovery Services Implemented to Recover Underpayments and Denials
HAYWARD, Calif., June 24, 2004 - Concuity, the leading provider of contract revenue cycle management solutions for the healthcare industry, announced today that North Memorial Health Care of Robbinsdale, Minnesota will use ClearContracts™ Revenue Recovery Services to improve underpayment and denial collections. Concuity offers a unique combination of services and software which identifies why underpayments occur, recovers revenue, and delivers tools to proactively stop known revenue leaks. "We were looking for a partner who had the ability to implement a sophisticated process to identify discrepancies between our system and that of the payors and efficiently reconcile them, and we believe that Concuity will squarely address these challenges," said Patrick J. Boran, Vice President of Finance » read moreUniversity Of Utah Hospitals & Clinics Selects Concuity To Improve Payer Relationship Management
ClearContracts™ to help manage financial relationship with payers and implement workflow to maximize reimbursement.
HAYWARD, Calif., February 17, 2004 - Concuity, the leading provider of revenue cycle management solutions for the healthcare industry, announced today that the University of Utah Hospitals & Clinics, consistently rated among "America's Best Hospitals" by U.S. News & World Report magazine, has signed an agreement to purchase and implement Concuity's ClearContracts™ Revenue Cycle Management Solution. ClearContracts combines Web-based technology, business intelligence and revenue-cycle expertise to provide healthcare executives and administrators the visibility needed to ensure accurate payments under today's complex reimbursement arrangements. ClearContracts will help the University of Utah Hospitals & Clinics to model profitable contracts, prevent claim denials, accelerate cash collections, and improve payer performance. Underscoring the need » read moreSwedish Medical Center Selects Concuity to Improve Contract Revenue Cycle
Largest, Most Comprehensive, Not-For-Profit Health Provider In The Pacific Northwest To Use Concuity's ClearContracts™ To Improve Cash Flow
HAYWARD, Calif., Dec. 9, 2003 - Concuity, a trusted provider of contract revenue cycle management solutions for the healthcare industry, today announced that Swedish Medical Center in Seattle has selected Concuity's ClearContracts to improve the organization's revenue performance and streamline its processes for managing relationships with payers. Swedish Medical Center - which is comprised of three hospital campuses, a home-care services division and a network of 11 primary-care clinics in the Puget Sound area - will implement Concuity's ClearContracts suite of technology products to improve cash flow, produce fewer claim denials, reduce payment delays and increase collections. "We were looking for a partner with the expertise and » read moreRiverside Medical Center Chooses Concuity’s ClearContracts™ Revenue Cycle Management Solution
Agreement Facilitates Opportunity to Increase Revenue for Three Hospital Affiliates
HAYWARD, Calif., October 14, 2003 - Concuity, a trusted provider of revenue cycle management solutions for the healthcare industry, today announced that Riverside Medical Center; Kankakee, Illinois has signed an agreement to use Concuity's ClearContracts™ Revenue Cycle Management Solutions. "We are pleased to add Riverside Medical Center to our rapidly growing list of customers, said Robert E. Watson, president and CEO of Concuity, it further proves the fact that healthcare organizations are losing revenue and are actively searching for partners with solutions and expertise to aggressively combat the problem." Riverside Medical Center, in Kankakee, IL and part of the Rush Health System based in Chicago, has outsourced underpayment identification and recovery to Concuity and » read moreConcuity Announces Next Generation of ClearContracts™ Contract Revenue Cycle Solution
Extended Functionality and Introduction of ClearContracts Intelligence™ Promote Mission of Expedient Cash Recovery for Hospitals and Health Systems
HAYWARD, Calif., August 27, 2003 - Concuity, a trusted provider of contract revenue cycle management solutions for the healthcare industry, today announced the availability of it's next generation ClearContracts product suite for healthcare providers. This latest release of the Concuity product incorporates a number of new features, and ClearContracts Intelligence™, a sophisticated rules engine and alerting system used to identify and alert hospital administrators of payer non-compliance ? enabling expedient cash recovery. Concuity's ClearContracts is a suite of Web-based applications that provide hospitals and health systems the ability to effectively manage each step of the Contract Revenue Cycle process; enabling organizations to improve their cash position and » read moreCaritas Holy Family Hospital and Medical Center Chooses Concuity’s ClearContracts™ Revenue Recovery Service
Agreement Facilitates Holy Family's Opportunity to Increase Contract Revenue
HAYWARD, Calif., July 15, 2003 - Concuity, a trusted provider of contract revenue cycle management solutions for the healthcare industry, today announced that Holy Family Hospital and Medical Center, a member of the Caritas Christi Health Care System of the Archdiocese of Boston, has signed an agreement to use Concuity's ClearContracts™ Revenue Recovery Services to deliver payment review and recovery services surrounding the organization's contracts with managed care organizations. Holy Family seeks to take a more proactive approach to contract revenue cycle management by improving its collections efforts and addressing issues that lead to underpayments and denied claims. "We are pleased to add Holy Family as another eminent healthcare provider that has realized the value of » read moreVitria Acquires Rights To Healthcare Contract Management Software
Strategic Business Partnership With Concuity Enhances Vitria Health Solutions For Payer Organizations, Enabling Customers To Streamline Processes, Improve Operational Efficiencies and Reduce Costs
SUNNYVALE, CA - June 23, 2003 - Vitria (Nasdaq: VITRD), a leading provider of business process integration solutions, and Concuity, a trusted provider of contract revenue cycle management solutions for healthcare providers, today announced a strategic business partnership, whereby Vitria has acquired two-year exclusive rights to integrate Concuity's contract management software with its award-winning BusinessWare platform and suite of healthcare solutions for the payer market. The comprehensive contract management solution, Vitria:SmartContracts, will improve payer operational efficiencies and market responsiveness for the ever growing complexity of provider contracting. Vitria:SmartContracts will enhance and preserve the payer's existing legacy claim systems, while providing operational agility to » read moreSt. Joseph Health System Chooses Concuity’s ClearContracts
Modeling Function Will Help Large Health System Negotiate Better Contracts With Payer Organizations
HAYWARD, Calif., April 1, 2003 - Concuity, a trusted provider of contract revenue cycle management solutions for the healthcare industry, today announced that St. Joseph Health System (SJHS) has signed an agreement to use Concuity's ClearContracts? technology to help negotiate contracts with managed care organizations. Ten SJHS facilities throughout California will have access to an integrated database created by ClearContracts that allows them to study contractual data across the entire system, comparing expected performance levels and contract terms before actually signing any system-wide agreements. "We consider this agreement to be the start of a strategic partnership with St. Joseph Health System, which chose our solution after a protracted evaluation process. They realized » read moreConcuity Executives to Address Attendees at 2nd Annual Healthcare Outsourcing Congress
HAYWARD, Calif., March 21, 2003 - Concuity, a trusted provider of contract revenue cycle management solutions for the healthcare industry, today announced that Robert Watson, president and CEO, and Troy Williams, co-founder and vice president of business development, will participate in two separate panel discussions at TCBI's 2nd Annual Healthcare Outsourcing Congress in Las Vegas, March 31-April 1. Watson will participate on a panel presentation titled "ASPs and RCOs, Are They Right For You?" The discussion will center on the healthcare industry's current perception of the Application Service Provider (ASP) model and the Remote Computing Option (RCO). It will cover technology features and financing issues, as well as how healthcare organizations can benefit from the unique value propositions offered by ASPs and RCOs. The » read more
Concuity to Demonstrate ClearContracts™ Technology and Revenue Recovery Services at NMHCC
HAYWARD, Calif., March 10, 2003 - Concuity, a trusted provider of contract revenue cycle management solutions for the healthcare industry, announced today that it will be exhibiting and demonstrating its ClearContracts™ technology and Revenue Recovery Services at the 15th Annual National Managed Health Care Congress (NMHCC) in Washington D.C. March 10-12. The company has invited a number of healthcare provider organizations to participate in an informal product demonstration and evaluation to learn how ClearContracts can optimize contracted revenue and make immediate increases in provider cash flow. "In today's challenging business environment, healthcare organizations need a clear understanding of how and when investments in IT and professional services will show measurable returns," said Robert Watson, Concuity's president and CEO. "Our ClearContracts technology and Revenue Recovery » read more
Providence Health System Selects Concuity ClearContracts™