Welcome to Recondo Technology
In The News
- See You in 6 Months. And Your Insurer Is O.K. With the Bill.: "WHILE you're putting your clothes back on in the doctor's exam room, a new conversation could begin. Not between you and the doctor, but between your doctor's software system and your insurer's system." NY Times, June 25, 2010 (Read article)
- US Healthcare Efficiency Index Progress Report: The recently published US Healthcare Efficiency Index Progress Report finds that Eligibility and Claims Status have reached only 40% electronic utilization, Claim Remittance only 26% electronic utilization, and Claim Payment a very disappointing 10% electronic utilization. (Read more)
- HFMA: Hospital self-pay receivables climb:
"New research from the Healthcare Financial Management Association has concluded that hospital self-pay receivable levels have climbed significantly since the last fiscal year."
(Read more)
FierceHealthFinance Newsletter, November 25, 2009. - Duke Puts Tools and Processes in Place to Facilitate Patient Payment (Read more)
Reprinted, by permission from HFMA's Patient Friendly Billing Newsletter. Copyright 2009 by the HEALTHCARE FINANCIAL MANAGEMENT ASSOCIATION.
Latest News:
Recondo Technology Announces Integration Initiative for US Hospital Systems — Availability of integration services for hospital systems, applications, software services, and databases (...more)Consumer-driven health care, high-deductible health plans, and health savings accounts are changing the rules of revenue cycle management. Recondo Technology was formed by a veteran team of experienced professionals from technology and health care with one goal: to build tools that help hospitals streamline the information flow between payers and providers, deliver better eligibility data in easy-to-read formats, increase patient payments, ensure accurate and timely authorizations, eliminate claim denials, and accelerate claims to payers.
Recondo streamlines every facet of the hospital revenue cycle, moving processes forward to help hospitals manage revenue at point-of-service instead of perpetuating endless billing cycles in the back office, resulting in high staff expense, bad debt, and up to sixty percent write-offs.
It's not easy to revolutionize the revenue cycle. But if you ask any hospital CFO or revenue cycle manager, and he or she will tell you it can't be done. But ask Recondo Technology, and we'll say we have a head start with our three software services: SurePayHealth, EligibilityPlus, and Authorization-Denial Prevention.
We've built a rules-based software engine that provides real-time information on each patient's health plan, matched to every detail of the provider contracts with the designated payers. We verify patient identity and eligibility, confirm insurance coverage and insurance plan details, determine eligibility for Medicare or charity care, confirm current deductibles, co-payments, and co-insurance, assess credit capabilities, and accurately and automatically calculate patient financial responsibility, all prior to service. It takes just seconds, and the result is an accurate, estimated bill for collection in advance of service, with necessary authorization requirements in place. And all of this accomplished with virtually no manual intervention.
All Recondo software services are Software as a Service (SaaS), so hospitals can deploy services with no capital expense and no additional hardware or software. All you need is a PC and a browser. And Recondo services are available for a manageable monthly fee with a payback in just a few days.
Let us show you how Recondo software services can help you accelerate revenue, reduce administrative expense, eliminate costly denials, and collect more cash prior to service.