Partnership Expands Concuity's Product Suite by Adding Price Transparency
VERNON HILLS, Ill. and DUBLIN, Ireland, June 23 /PRNewswire-FirstCall/ -- Concuity, a healthcare division of Trintech (Nasdaq: TTPA) and a leading provider of contract management and revenue recovery technology ("Peer Reviewed by HFMA") and services, today announced its partnership with Financial Healthcare Systems (FHS Corp), a provider of a web-based solution for credible procedural price estimates that provides patients with specific out-of-pocket costs, allowing them to better plan for impending medical expenses, while giving hospitals the ability to more accurately project revenue. By partnering with FHS Corp, Concuity further enhances its value proposition for hospitals seeking to increase customer satisfaction, streamline operations, and improve revenue calculation.
PriceAdvisor, developed as a result of this technology partnership, will provide a seamless interface from the ClearContracts system to accurately calculate patient financial responsibility at any point during a patient encounter. Calculations are based on actual contractual agreements that providers have with insurance companies for covered patients.
"Our goal is to gather pricing information and disseminate it in a
manner that will be of use to the healthcare consumer. The toughest barrier
for most hospitals is the availability of tools with which they can present
this data to patients. Many hospitals work with a blue bar sheet from their
Charge Description Master," said Travis Gentry, President for FHS
Corporation. "Concuity's PriceAdvisor, integrated with its contract
management system, will leverage contract management data so that hospitals
can estimate what it costs for a
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