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News

Edward Hospital & Health Services selects Concuity's ClearContracts to handle contract management needs

Trintech : 14 January, 2008  (New Product)
Edward Hospital of Naperville, Illinois, USA, has selected Concuity's ClearContracts to improve the management of payment variances, denials, and revenue recovery and EOB Pro to retrieve, consolidate, and standardise 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, USA.

'We have developed visionary goals for our payment and revenue recovery operations, including acquiring benefits through the disciplined execution of best-in-class contract management and EOB processing technology,' said Todd Conklin, vice president of finance, Edward Hospital. 'To increase efficiency, we wanted to employ only one application combining payment and denials management with contract management; hence, why we selected Concuity. They offer a proven user-friendly, integrated suite that generates efficiencies and a better bottom line.

Web-based ClearContracts enables healthcare organizations to analyse overall contract performance, verify expected reimbursement, and enhance the financial profitability of new and proposed payer contracts. ClearContracts allows users to analyse every single claim flowing through their systems, based on the complex terms of their contracts, including carve outs, high cost drugs, stop-loss, and many other payment methodologies.

With ClearContracts, health organizations can quickly gain control over payer contracts to recover lost revenue due to underpaid claims. The EOB Pro system extracts all data necessary for applying cash to patient accounts, and imports into ClearContracts for contract underpayment and denial management.

'We welcome Edward Hospital as a new client and we look forward to contributing to their business growth through improved revenue cycle management,' said Edward Gallo, EVP of Concuity. 'Healthcare organizations are increasingly challenged with rapid change, dynamic and increasing costs, and complex agreements. Concuity provides a competitive edge to leading healthcare organizations by providing them with greater visibility, control, and flexibility in managing their agreements and associated compliance, terms, and cost.'

Concuity is a healthcare division of Trintech.



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