Greenwood Village, Colorado, December 17, 2012 — Recondo Technology announced today that Recondo® has acquired eHC (Electronic Health Claims) Solutions, a premier developer of advanced, Intelligent Electronic Data Interchange (EDI) solutions. The acquisition increases the Recondo customer base and broadens its product offering. Recondo will integrate eHC Intelligent EDI into the Recondo family of software services. eHC Intelligent EDI comprises Claims Management; Strategic Clearinghouse Services; CMS (The Centers for Medicare & Medicaid Services) direct data entry and advanced editing; Electronic Patient Statements; and Online Patient Payments, all based on eHC-enriched EDI transactions.
"This acquisition makes our product line more valuable by adding a critical element to the revenue cycle services we offer our customers," said Mike Mulcahy, Recondo Vice President, Connectivity Services. "eHC Intelligent EDI provides enriched data along with secure delivery of health claims for any provider, from a Critical Access Hospital to the largest multi-facility Central Business Office (CBO). By reducing the overhead expense in the revenue cycle and the business office, hospitals can lower costs, which allows them to provide better care."
"The complexities faced today by healthcare organizations require robust, forward-thinking solutions to maximize revenue and enhance cash flow," said Ryan Ayres, eHC CEO. "The combination of superior detail available via the Recondo industry-leading ReconBot® technology and eHC's decades of experience in claim data integrity will reduce denials, enhance efficiency, and increase payments for customers of all sizes. eHC is proud to become part of the comprehensive Recondo offering of solutions and services for US hospitals."
"We believe combining the Recondo suite of services with our revenue cycle products in electronic claims management will provide the finest tools and solutions available in the marketplace today," said Kenneth Bush, eHC President. "This combination will ensure accuracy and speed both cash flow and payment for hospital providers. We are delighted to combine and expand our technology services with Recondo and look forward to providing the finest solution available in the marketplace today."
"The Recondo mission is to help streamline the US healthcare payment system by improving information interchange between Providers and Payers, by dynamically applying the latest business practices and rules among the parties, and by increasing automatic processing rates by reducing expensive and error-prone manual steps," said Rick Adam, Recondo Founder and CEO. "All this leads to prompt and proper payments for care provided. Clearing Claims for our customers is one more valuable step in the process."
Recondo connects providers, payers, and patients using breakthrough cloud computing solutions throughout the healthcare revenue cycle. Recondo software services are designed to ensure Proper Payments across the continuum of US healthcare. Recondo brings efficiencies and cost savings to healthcare payment processing. Recondo combines sophisticated rules architectures, legacy integration, and data mining to provide true interoperability for more than 450 US hospitals and more than 500 payers.
The Recondo family of software services bridges patient access and the business office:
Recondo technology is delivered as Software as a Service (SaaS), requiring no capital budget and no additional hardware or software installation. Recondo services are developed using high-speed, high-volume, rules-based architectures, giving hospitals unmatched and immediate access to real-time data.
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