Press releases and exciting announcements, including upcoming industry and community events.
$5 Million in New SaaS Bookings in First Half of 2018 Demonstrates Healthcare Providers Replacing Manual Revenue Cycle Management with AI-driven Automation
Climbing rates of claims and prior authorization complexity and requests, paired with patients struggling to understand and pay for medical services, are accelerating the industry shift from a manual to automated revenue cycle.
Learn how to regain millions of dollars in revenue in Recondo Technology’s webinar featuring real customer case studies, including how Avera Health and The Queen’s Medical Center have collectively reaped over $7 million in cash improvements.
With sample data from Recondo customers showing a $4.3 million increase in upfront collections; 47% reduction in denied dollars; an 80% automation rate; and millions in resource savings annually, the opportunities for health care providers are significant.
Recondo’s automated revenue cycle management solutions help hospitals and healthcare systems process large volumes of queries to payers at unprecedented scale and speed by leveraging touchless processing, helping these providers brings millions of dollars in revenue back to the bottom line.
Members of the media, hospital revenue cycle professionals and others interested in learning how automation can obtain information from payers at an unprecedented speed and scale are invited to attend.
Despite persistent uncertainty about the fate of the Patient Protection and Affordable Care Act dogging the healthcare sector, Recondo Technology announced today that bookings are up 70 percent for its cloud-based, single-platform revenue cycle management applications and content.
The Queen’s Health Systems taps Recondo Technology to automate claim status and drive follow-up workflow
The Queen’s Health Systems will integrate ClaimStatusPlus with Epic to utilize rich payer intelligence driving workflows used every day by business office staff. The health system joins hundreds of providers around the country who use ClaimStatusPlus to accelerate the claim cycle and prevent the potential loss of millions of dollars a year in revenue.
The company will demonstrate for attendees how to seamlessly integrate payer intelligence for prior authorizations, patient eligibility, claim status and patient estimates directly into Epic Systems and other HIS revenue cycle and patient access workflow solutions.
Adding to its award-winning RCM technology platform, Recondo’s API drives enriched, accurate and actionable payer information directly into a healthcare organization’s existing workflow solutions for prior authorizations, patient eligibility, medical necessity, pre-service patient collection and related RCM processes.
Powered by Recondo’s patented ReconBot™ technology, AuthinItiate inputs and retrieves web-based information from payers’ websites at astonishing speed, automating what is manual today.
Recondo Technology Closes $16 Million Funding Round to Support Exponential Growth to Power Healthcare Revenue Cycle
Recondo Technology, the market leader in cloud-based single-platform revenue cycle management solutions, announced today that it closed an additional $16 million in debt and capital funding to support and accelerate the company’s future growth curve.
Recondo Technology announced today that the company has selected ProMedica, a large Midwestern health system, as its social responsibility partner, to raise awareness that hunger is a real and growing health issue, and to increase underserved communities’ access to healthier food.