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FHS Corp Signs Partnership Agreement With Concuity
Date:6/23/2008

FHS Corp and Concuity to Offer PriceAdvisor(TM) to lead the Transparency

and Consumerism Initiative

DENVER, June 23 /PRNewswire/ -- Financial Healthcare Systems, LLC (FHS Corp) announced today that they have signed a licensing and technology partnership agreement with Concuity, a leading provider of contract management and revenue recovery technology ("Peer Reviewed by HFMA") and services.

"The Concuity ClearContracts solution enables users to more efficiently manage institutional and professional claim reimbursement activities and maximize reimbursement for bundled claims as well as ambulatory payment/outpatient visits. We are pleased to be integrating FHS Corp's ClearQuote(TM) solution, with our contract management system," said Ed Gallo, EVP for Concuity. "We found that FHS Corp was one of the pioneers in delivering a credible patient estimation solution. By combining our back-end calculation engine and contract management capabilities with FHS' front-end technology, Concuity will be providing the best possible pricing transparency solution to its customers. PriceAdvisor(TM) will deliver true patient liability based on actual contractual terms the payer has with the provider, while integrating any eligibility and benefit information the provider has available. We feel this solution is better than other offerings that simply predict patient liability based on historical claim payment information."

"We have dedicated nearly four years to creating and testing our innovative ClearQuote estimation product in order to provide credible results," said Travis W. Gentry, president and co-founder of FHS Corp. "Having Concuity integrate our product with its contract management system is a testament to the strength of the solution we're building here at FHS Corp. We're on a mission to positively impact the healthcare industry through our price transparency solution."

About Financial Healthcare Systems (FHS Corp), LLC

Denver-based FHS Corp provides an Internet-based solution to the healthcare industry's challenge of transparency and consumerism. The ClearQuote(TM) solution (formerly AceLogicus(TM)) generates a credible procedural price estimate providing patients with their specific out of pocket responsibility, which allows them to plan for potential medical expenses. With FHS Corp's solution, providers initiate the financial communication with patients at or before the time of service and this transforms the provider relationship with the patient from financial adversary to advocate. For more information, visit http://www.fhscorp.net or call 303-216-0202.

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 on a SAAS platform, 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.


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SOURCE Financial Healthcare Systems, LLC
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