Concuity Announces the Availability of Pr...( Concuity's Release of PriceAdvisor Co...),Health

Concuity's Release of PriceAdvisor Combats Ineffective Pricing Transparency to Increase Patient Satisfaction & Improve Revenue Projection and Recovery

for Hospitals

VERNON HILLS, Ill. and DUBLIN, Ireland, June 24 /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 the availability of PriceAdvisor, a web-based solution that will enable hospitals to accurately produce patient estimates by utilizing payer contracts, actual claim data, and patient benefit information.

There is a push toward increased healthcare quality and pricing transparency in the marketplace, largely driven by the growth in consumer-directed health plans, and as a consequence, hospitals are beginning to realize the importance of providing their patients with estimates for out-of-pocket costs, which is also an approach favored by HFMA. The problem is that it's often difficult for hospitals to provide meaningful and comparable pricing information. This is where PriceAdvisor can help our clients. PriceAdvisor can provide patient-specific costs -- claim estimates based not on just historical patient payments, but on current contract and claim data. PriceAdvisor helps patients learn more about their financial responsibility before receiving treatment, and it gives hospitals the ability to more accurately project their revenue.

"PriceAdvisor goes beyond current patient estimators available today. It provides consumers with upfront estimates of their healthcare costs based on actual contract obligations between providers and payers," said Ed Gallo, EVP for Concuity
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