Annual spending for health care in the United States is approaching $2 Trillion annually.

Cost for processing this $2 Trillion equals 15 percent, or about $300 Billion each year.

Retail settles payments for less than two percent of revenue, and financial services settles payments for less than one percent.

If health care could settle payments even for 10 percent of revenue, savings would exceed $100 Billion.

Recondo Technology delivers web-enabled services to hospitals that:

• Validate patient identity
• Verify insurance eligibility
• Capture benefit plan details including remaining deductibles
• Assess credit status, provide payment alternatives
• Evaluate patient’s Medicaid/charity eligibility
• Calculate patient financial responsibility at pre-registration or Point-of-Service (POS)

Recondo provides information at Point-Of-Service, reducing incorrect and fraudulent admissions, increasing up-front collections and reducing write-offs and bad debt.