St. 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 that ClearContracts lines up perfectly with their revenue cycle challenges,” said Robert E. Watson, Concuity’s president and CEO. “By utilizing ClearContracts for contract modeling during the negotiation process, hospitals within the health system will have access to information not readily available to them before, and the benefits will show up as a significant positive impact on their bottom line.” ClearContracts’ modeling component allows health care providers to predict how each agreement will perform and hold up under a variety of financial and operational conditions. It enables hospital executives and contractors to insert financial terms and conditions, and create a variety of “what if” scenarios. ClearContracts quantifies how each contract will perform, facilitates benchmarking of data against performance results of other contracts within the system, and identifies revenue opportunities. “Contract modeling is of utmost importance to our organization. Since the size of our payer agreements is significant, and the revenue opportunity is huge, it is critical that they be negotiated properly,” said Darrin Montalvo, vice president of finance for SJHS. “We took our time in choosing the right technology partner to help us continue our on-going, system-wide initiative to gain control over our contract revenue cycle process. Concuity’s technology impressed us as mature and thorough. The technology, coupled with the extensive domain knowledge and real-world experience within the Concuity team and the flexible packaging and pricing of the ClearContracts solution led us to our final decision.”
About St. Joseph Health System
St. Joseph Health System (SJHS) is an integrated healthcare delivery organization that exists to extend the Catholic healthcare ministry of the Sisters of St. Joseph of Orange. SJHS provides a broad range of medical services within three geographic regions — Northern California, Southern California and West Texas/Eastern New Mexico. With net revenues of $2.5 billion, the system family includes 15 hospitals and three home health agencies, as well as hospice care, outpatient services, skilled nursing facilities and physician organizations. SJHS is enriched by the services of nearly 19,000 employees and more than 1,500 affiliated physicians. In 2002, SJHS provided more than $221 million in community benefit and care for the poor services.
About Concuity
Concuity, offers technology and service solutions to optimize the contract revenue cycle for the healthcare industry. 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, the University of Pennsylvania Health System and Providence Health System. Concuity is headquartered in Hayward, Calif., with offices throughout the U.S. For more information, visit www.concuity.com.
Published Apr. 1st 2003 at 11:24 am.