Navigation Links
Recondo Technology Announces Authorization and Denial Prevention Software Service
Date:3/25/2009

Recondo Auth-DP Service Helps Manage Insurance Plan Authorizations and Reduces Denials

GREENWOOD VILLAGE, Colo., March 25 /PRNewswire/ -- Recondo Technology, a leading provider of revenue cycle solutions for the healthcare industry, today announced the release schedule of Auth-DP, the firm's authorization and denial prevention product for hospitals. Missing authorizations and subsequent denials can account for more than 15 percent of all payer-denied claims, and can result in a loss of 3 percent to 5 percent of a hospital's net revenue.

(Logo: http://www.newscom.com/cgi-bin/prnh/20090325/LA89162LOGO)

Recondo Authorization-Denial Prevention (Auth-DP), allows hospital staff to identify required payer authorizations prior to service, ensuring that the hospital provides service only with the correct, approved authorization in place. Missing or incorrect authorization information causes hospitals to write off millions of dollars every year. For many hospitals, claim denials represent the greatest financial challenge across the revenue cycle.

"As we talk to hospitals around the country, we continue to hear their desire for a solid technology solution to the authorization and denial prevention problem," said Victor Marcinik, Recondo Vice President of Product Management. "By reducing authorization denials, hospital CEOs and CFOs can increase revenues and reduce write-offs that result from denied claims, directly stemming from a missing insurance plan authorization."

Auth-DP joins the firm's initial software service, SurePayHealth and Eligibility Plus, as the latest Software as a Service (SaaS) offerings deployable via a browser and architected on a high-speed, high-volume, rules processing platform. Auth-DP will be released in the third quarter 2009, and will require no additional hardware or installed software. Recondo will release Auth-DP pricing in the near future.

About Recondo Technology

Recondo Technology develops Software as a Service (SaaS) that brings efficiencies and cost savings to health care payment processing, which currently costs the medical industry a staggering $360 billion in annual expense. The company's first service, SurePayHealth, performs real-time calculations of patient financial responsibility at scheduling or Point-of-Service. SurePayHealth can increase hospital revenue by millions of dollars per year.


'/>"/>
SOURCE Recondo Technology
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. Globus Medicals MicroFuse(TM) Technology Engineered for Optimal Strength and Porosity
2. Council for American Medical Innovation Applauds President Obama for Calling for Serious Investments in Science and Technology
3. OBS Medicals Visensia Patient Monitoring Technology Lowers Cost of Medical Malpractice Insurance
4. CareTech Solutions Launches Robust Service Desk Solution to Support Clinical Applications and Technology within Continuum Health Partners Hospitals
5. Top Neurology Programs Control Fever with Arctic Sun Cooling Technology
6. BioHorizons Announces Its 2009 Global Symposium: Bringing Together Top Thought Leaders in the Dental Implant Industry to Provide Insight on Integrating Technology into the Continuum of Care
7. Sentinelle Medical Receives Frost & Sullivan Excellence in Technology Award
8. Western Maryland Health System Selects VISion, Versus Technologys Real-Time Location System Following Competitive Bid Process
9. eHealth Initiative Applauds Appointment of David Blumenthal as New National Coordinator for Health Information Technology
10. Via Christi Health System and Siemens Announce Technology Alliance
11. NoiseBuster(R) Safeguards Hearing by Utilizing Cutting-Edge Technology to Attenuate Power Equipment Noise
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/13/2017)... ... ... Global Healthcare Management’s 4th Annual Kids Fun Run brought out many kids this ... by Global Healthcare Management’s CEO, Jon Letko, is aimed at getting kids excited about ... ages; it is a non-competitive, non-timed event, which is all about having fun and ...
(Date:10/13/2017)... (PRWEB) , ... October 13, 2017 , ... “The Journey: ... faced every danger possible to save lost souls in the Philippines. “The Journey: From ... Carole is a dedicated teacher of the Bible. She has taught all ages and ...
(Date:10/12/2017)... ... 2017 , ... Planet Fitness, one of the largest and fastest growing franchisors ... a flagship location in Covington, LA at 401 N. U.S. Highway 190, in January ... Office Depot in the Holiday Square shopping center. Its location allows it to serve ...
(Date:10/12/2017)... ... October 12, 2017 , ... Asante, a ... health care, have expanded their existing home health joint venture through an agreement, ... been operating a joint venture home health company with Asante, delivering clinically integrated ...
(Date:10/12/2017)... ... 12, 2017 , ... Leading pediatric oncology experts at Children’s National Health ... Congress of the International Society of Paediatric Oncology (SIOP) Oct. 12-15. Chaired ... Cancer and Blood Disorders at Children’s National, and Stephen P. Hunger, M.D., Chief ...
Breaking Medicine News(10 mins):
(Date:9/25/2017)... 25, 2017  EpiVax, Inc., a leader in ... immune-engineering today announced the launch of EpiVax Oncology ... personalized therapeutic cancer vaccines. EpiVax has provided $500,000 ... to enabling technologies to the new precision immunotherapy ... EpiVax Oncology as Chief Executive Officer. Gad brings ...
(Date:9/19/2017)... Sept. 19, 2017   ZirMed Inc ., a recognized ... announced that it has been ranked #1 by its users ... Rankings 2017 User Survey. ZirMed was recognized as the ... hospitals and medical centers over 200 beds and holds one ... technology user survey history. ...
(Date:9/12/2017)... reviews on the independent review site Consumer Affairs have ... hearing aids, ranking it higher than Miracle Ear ™, Beltone™, ... ... Aids ... that provides high performance, state-of-the-art, German-engineered hearing aids directly to consumers ...
Breaking Medicine Technology: