Navigation Links
Providence Health & Services Increases Revenue by $35 Million Using Concuity ClearContracts

Providence expands use of Concuity products across 16 facilities following success to date increasing net revenue

VERNON HILLS, Ill., June 8 /PRNewswire-FirstCall/ -- Concuity, A Healthcare Division of Trintech, Inc. (Nasdaq: TTPA) announced today that Providence Health & Services signed an agreement to expand the breadth of services provided to the multi-hospital system. Providence Health & Services has, based on the success achieved to date, extended its agreement to include the addition of four more facilities using the ClearContracts software-as-a-service revenue management solution from Concuity.

The expanded agreement includes an extension of Concuity's ClearContracts solutions to the 16 hospitals located in the Washington, Alaska, Montana and California regions of Providence Health & Services. Providence uses ClearContracts for all contract management functions including accounts receivables management, account recovery, management reporting and managed care contract negotiations.

The success of Providence will be honored by Concuity at the annual HFMA show, ANI, in Seattle on Monday, June 15, 2009.

Providence Health & Services is a not-for-profit health system committed to providing a comprehensive array of services to meet the needs of communities across five states, including Alaska, Washington, Montana, Oregon and California. Providence continues the legacy of the Sisters of Providence and the Sisters of the Little Company of Mary in the West spanning more than 150 years.

"The expansion of our relationship with Concuity is a reflection of working with a company that understands our needs, as well as the hospital managed care and business office functions. They have proven time and again that they can deliver significant financial improvement within our organization. Since implementing ClearContracts into our organization we have increased collections by over $35 million in the course of 5 1/2 years, while improving our contracting capabilities significantly," stated Matt Blackmore, Manager of Contract Compliance for the Washington/Montana Region of Providence Health & Services.

Paul Byrne, Concuity's President, stated, "Our relationship with Providence has been very successful in helping improve their financial performance, so they can continue to focus on delivering quality patient care without worrying about being paid correctly for the services they provide to their patients. We also appreciate their support, particularly as an early adopter of our solution, and we look forward to working together with Providence Health & Services for many years as we expand the breadth of our product in the marketplace."

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), 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 866.342.4636 or visit

About Providence Health & Services

Providence Health & Services is a not-for-profit organization, sponsored by the Sisters of Providence religious community, made up of 27 hospitals, more than 35 non-acute facilities, physician clinics, a health plan, a liberal arts university, and numerous other health, housing and education services in Alaska, Washington, Montana, Oregon and California. The corporate headquarters is in Renton, Wash.

    Trintech Press Contact:

    Dallas: Dave Tomlinson, Director of Marketing, Trintech
    Tel. +1 972 739 1611.

    Chicago: David Rodriguez, Director of Marketing, Concuity
    Tel. +1 847 941 9230.

SOURCE Concuity, A Healthcare Division of Trintech, Inc.
Copyright©2009 PR Newswire.
All rights reserved

Related biology technology :

1. Providence-Based NABsys, Inc., Announces $4 Million Equity Financing
2. Optimal Reading Services Group, Inc. Receives Investment from Health Evolution Partners
3. Neptune Products to be commercialized by BAYER HealthCare
4. Ganeden Biotech, Liquid Health Labs Unveil New Drink Technology
5. Amylin Pharmaceuticals to Present at Goldman Sachs Annual Global Health Care Conference
6. InterMune to Present at Goldman Sachs Healthcare Conference
7. ViroPharma to Present at Two June Healthcare Conferences
8. BioMarin to Present at the Goldman Sachs Healthcare Conference
9. BD to Present at Investor Healthcare Conferences
10. Honeywell to Help B. Braun Healthcare Company Double Manufacturing Capacity of Life-Critical Products
11. The MedZilla Report: April 2009 Employment Outlook for Biotech/Pharma/Health
Post Your Comments:
(Date:11/25/2015)... ... 2015 , ... A long-standing partnership between the Academy of ... formalized with the signing of a Memorandum of Understanding. , AMA Executive Director ... Minter and Capt. Albert Glenn Tuesday, November 24, 2015, at AMA Headquarters in ...
(Date:11/24/2015)... , Nov. 24, 2015  Asia-Pacific (APAC) holds ... organisation (CRO) market. The trend of outsourcing to ... margins but higher volume share for the region ... scale, however, margins in the CRO industry will ... Market ( ), finds that the ...
(Date:11/24/2015)... , Nov. 24, 2015 /CNW/ - iCo Therapeutics ... today reported financial results for the quarter ended ... expressed in Canadian dollars and presented under International ... United States ," said Andrew Rae ... advancements regarding iCo-008 are not only value enriching ...
(Date:11/24/2015)... Global, Inc., a worldwide provider of clinical research services headquartered in ... company has set a new quarterly earnings record in Q3 of ... for Q3 of 2014 to Q3 of 2015.   ... with the establishment of an Asia-Pacific office ... Kingdom and Mexico , with the ...
Breaking Biology Technology:
(Date:10/29/2015)... BOSTON , Oct. 29, 2015  Connected health ... phenomena driving the explosion of technology-enabled health and wellness, ... his new book, The Internet of Healthy ... apps, sensors or smartphones even existed, Dr. Kvedar, vice ... model of health care delivery, moving care from the ...
(Date:10/27/2015)... 2015 In the present market scenario, security ... various industry verticals such as banking, healthcare, defense, electronic ... demand for secure & simplified access control and growing ... hacking of bank accounts, misuse of users, , and ... PC,s, laptops, and smartphones are expected to provide potential ...
(Date:10/26/2015)... 26, 2015 ... adds Biometrics Market Shares, Strategies ... well as Emerging Biometrics Technologies: Global ... its collection of IT and Telecommunications ... --> . ...
Breaking Biology News(10 mins):