Recondo ranked Number One by Black Book for insurance and payer eligibilit verification solution
Greenwood Village, CO — October 1, 2015 — Recondo Technology, a leading provider of cloud-based revenue cycle connectivity and applications, announced today that the company’s EligibilityPlus™ data service that integrates with hospital information systems scored the top Black Book ranking in the Insurance and Payer Eligibility category. Recondo also made the Top 10 in two additional Black Book Ranking categories–Denial Management/Third Party Recovery and Revenue Cycle Management Outsourcing: Standalone Hospital Managed Services Under 150 Beds.
Black Book is among the most recognized industry sources for comprehensive, unbiased reviews of technology solutions and services. All rankings are based entirely on client user evaluations of 18 separate key performance areas—which span from deployment, integration and scalability, to reliability, support and customer care. According to Black Book, these client responses are then subject to a rigorous internal checking to verify accuracy and validity.
“We are extremely pleased to learn that EligibilityPlus earned first place in Black Book rankings for Insurance and Payer Eligibility Verification, thanks to overwhelmingly positive reviews from users that count on Recondo for reliably fast and correct answers on patient eligibility for services and procedures,” said Jay Deady, CEO of Recondo. “As healthcare reimbursement only grows in complexity, automating the communication process with payers will drive cleaner claims and faster payment turnaround.”
Integrated eligibility verification
Verifying eligibility for insurance coverage is becoming more complicated as patients move in and out of exchange plans. To cut through the confusion, hospitals around the country integrate Recondo’s EligibilityPlus data feed into their patient accounting and HIS systems for immediate insight. The data service retrieves and presents the most complete benefit detail available, from hundreds of different plans, straight from payer portals. It even combines portal data with information from payers’ EDI transactions to produce the industry’s most comprehensive view of a patient’s eligibility. As an extra measure, EligibilityPlus also provides intelligent alerting of denial risk—right from systems already in use, with no need to purchase another.
About Recondo Technology
Recondo’s cloud-based solutions deliver industry leading automated, accurate, and actionable financial clarity to all participants within the healthcare revenue cycle. Recognized by Black Book Research as one of the top three leaders in revenue cycle management software, Recondo empowers more than 900 hospitals with solutions that connect providers, payers, and patients to ensure proper payments across the care continuum. The company’s patented software and expertise streamline operations and allow providers to be paid more, faster, and at a cheaper cost. Recondo brings efficiencies and cost savings to patient access through to payment processing—a continuum today where inaccuracy and inefficiencies currently cost U.S. healthcare a staggering $480 billion per year.
Amendola Communications for Recondo Technology