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News

Revenue cycle management solution receives HFMA Peer Review Seal of Approval

Trintech : 23 October, 2007  (New Product)
Concuity, a healthcare division of Trintech has announced that the Healthcare Financial Management Association (HFMA) recently examined the company’s ClearContracts for Hospitals and Physician Groups.
The ClearContracts solution helps increase hospital revenue through the identification and correction of payer non-compliance issues in the contract revenue cycle, using the new Peer Review process. After undergoing the rigorous review, ClearContracts now features the notable ‘Peer Reviewed by HFMA’ mark.

Concuity's ClearContracts is a web-based revenue cycle management solution that allows healthcare organizations to manage the entire contract revenue cycle. The solution goes beyond legacy calculation engines, allowing the creation and negotiation of profitable contracts, the optimisation of contract interpretation and compliance, and the collection of what is rightfully owed from payer relationships.

'We're extremely pleased to have earned Peer Review status for ClearContracts,' said Ed Gallo, EVP for Concuity. 'It is rewarding to know that our customers who participated in the evaluation, as well as independent experts, gave our revenue cycle management solution high marks for the software's quality, value, ease of use, and exceptional return on investment.'

The Peer Review is a structured process that validates the accuracy, effectiveness, marketplace acceptance, and value of products and services that HFMA members are currently using.

The goal of the review is to identify products and services that deliver organizational savings and performance improvement which enhance HFMA members' day-to-day business interactions and careers. Criteria for a product to display the HFMA Peer Review mark include high survey scores for:

- Enhanced productivity for the individual user and for the customer's organization;

- Ease of installation and use;

- Accuracy and reliability;

- Good value for price;

- Excellent technical support and customer service; and

- An overall positive rating from reviewers based on a quantitative scale

'For years HFMA members have asked us to identify viable healthcare finance resources and to filter some of the noise in the market place,' said HFMA president and CEO Richard L Clarke, DHA, FHFMA. 'We see the new Peer Review process as a powerful opportunity to do just that.”
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