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HealthEast Care System Selects Concuity's ClearContracts to Increase Contract Analysis and Negotiation Capabilities and Improve Revenue Cycle Management
Date:4/21/2008

VERNON HILLS, Ill. and DUBLIN, Ireland, April 21 /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 that HealthEast Care System has selected ClearContracts(TM) to enhance contract negotiation capabilities and improve the recovery of underpaid claims.

HealthEast Care System operates a number of hospitals and other health care facilities throughout the St. Paul, Minnesota, metro area, including three general acute care facilities -- St. John's Hospital, St. Joseph's Hospital, and Woodwinds Health Campus. A fourth hospital, Bethesda Hospital, provides inpatient rehabilitative care. HealthEast Care System also features a number of primary care and specialty clinics located throughout its service area.

"The calculations performed in our existing system for expected reimbursement weren't always accurate. We've also relied heavily on spreadsheets to track the appeal and recovery process. We wanted a more reliable solution for analyzing agreements, negotiating new contract terms, and recovering underpaid claims," said Aaron Bloomquist, System Director Managed Care for HealthEast Care System. "With ClearContracts, we'll have a tool that will help us better analyze the results of managed care agreements and hold payers accountable to the terms of those agreements."

The specialized collection workflow technology of ClearContracts combined with our Revenue Recovery Services enable healthcare organizations to accelerate collections, identify real variances, and improve cash flow and revenue. Collectors can effectively prioritize accounts, build cases for appeal, manage the appeal process, and collect more of what's owed.

"We're pleased to have HealthEast Care System as a client. They share the goal of other established healthcare providers -- they want to improve financial and operational performance," said Ed Gallo, EVP for Concuity. "Our revenue cycle management solutions and integrated best practices allow healthcare providers across the country experience significant increases in annual revenue. Providers that practice proper contract revenue cycle management can recover a majority of claims and avoid underpaid claims altogether."

About HealthEast Care System

HealthEast Care System is a community-focused, non-profit health care organization that provides innovative technology, compassionate care and a full spectrum of family health services. HealthEast includes Bethesda Hospital, St. John's Hospital, St. Joseph's Hospital and Woodwinds Health Campus as well as outpatient services, clinics, home care, pharmacies and medical transportation services. Practicing financial responsibility, HealthEast is the largest, locally-owned health care organization in the Twin Cities' East Metro with 7,000 employees and 1,400 physicians on staff. For more information on HealthEast Care System, visit http://www.healtheast.org.

About Concuity

Founded in 2000 by a group of healthcare industry visionaries, and now a division of Trintech, Concuity improves its customers bottom line performance by delivering targeted revenue recovery solutions, including ClearContracts(TM) which has been reviewed by HFMA and features the notable "Peer Reviewed by HFMA" mark, that ensure accurate claims reimbursement, improve workflow and payment collection, streamline contract negotiations, optimize cash flow and profitability, and ensure accurate implementation and compliance.

Concuity's rich industry knowledge and market-focused technology solutions and services empower your organization to identify and then eliminate systemic issues that cause revenue inefficiencies. The result is a significant return on investment with long term sustainable improvement in revenue and profitability for our clients. For more information, call 847-465-6003 or visit http://www.concuity.com.

About Trintech Group

Trintech Group Plc (NASDAQ: TTPA) is a leading global provider of integrated financial governance, transaction risk management, and compliance solutions for commercial, financial, and healthcare markets worldwide. Trintech's recognized expertise in reconciliation process management, financial data aggregation, revenue and cost cycle management, financial close, risk management, and compliance enables customers to gain greater visibility and control of their critical financial processes leading to better overall business performance.

Over 600 leading global organizations realize the benefits of Trintech's configurable and highly scalable solutions everyday, including 7-Eleven, Accenture, Allianz Life North America, Ameren, Bank of Nevada, eBay, Farmer's Insurance Group, Kinder Morgan, Regal Entertainment, Rohm and Haas, Sears, UPMC, Verizon Wireless, Wyndham Worldwide, and YUM! Brands Restaurants.

Trintech's technology enables our customers to ensure their internal financial processes are optimized, improve performance through stronger management of revenue and cost cycles, ensure the accuracy and integrity of financial data, improve the quality and efficiency of the financial close process, as well as reduce the risk of material weaknesses and restatements.

For more information on how Trintech can help you increase confidence in business performance and reduce financial risk, please contact us online at http://www.trintech.com or at our principal business office in Addison, Texas, or through an international office in Ireland, the United Kingdom, or the Netherlands.

Trintech - 15851 Dallas Parkway, Suite 900 - Addison, TX 75001

- Tel 1 972 701 9802

Trintech UK Ltd. - Warnford Court, 29 Throgmorton St. - London EC2N2AT,

UK - Tel +44 (0) 20 7628 5235

Trintech Technologies - Block C, Central Park - Leopardstown, Dublin 18,

Ireland - Tel +353 1 293 9840

Trintech - Cypresbaan 9 - 2908 LT Capelle a/d Ijssel, The Netherlands

- Tel +31 (0) 10 8507 474

Trintech Press Contact:

Dallas: Donna Martinez, Marketing Communications Manager, Trintech

Tel. +1 972 739 1611. email:donna.martinez@trintech.com


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SOURCE Trintech Group Plc; Concuity
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