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:5/26/2017)... ... 26, 2017 , ... Leading CEOs from biotech, pharmaceutical, and ... 31st at The Four Seasons Hotel Boston. , The Boston CEO Conference ... exclusive access to key decision makers who influence deal making and investment. Attendees ...
(Date:5/26/2017)... ... 26, 2017 , ... Somnoware, a leading provider of digital ... its Somnoware Sleep Device Interface (SDI). Somnoware SDI is a sleep device integration ... platform, initializing devices and importing studies are just one-click operations. This plugin streamlines ...
(Date:5/26/2017)... ... May 26, 2017 , ... via ... antimicrobial, mesh back 24/7 task chair specifically designed for clinical areas. Genie Copper ... thrilled to partner with Cupron® to provide customers with a game changing chair ...
(Date:5/26/2017)... ... , ... Yisrayl Hawkins, Pastor and Overseer at The House of Yahweh in ... Peace Agreements being discussed by President Donald Trump and the rest of the world. ... speed up peace talks in the continuous battle between Israel and Palestine. The world’s ...
(Date:5/26/2017)... Francisco, CA (PRWEB) , ... May 26, 2017 , ... ... Francisco, is proud to announce a new, informational blog post on insurance options. If ... surgery, checking insurance plans may help save time and money. Visiting an in-network provider ...
Breaking Medicine News(10 mins):
(Date:5/9/2017)... 9, 2017  Oramed Pharmaceuticals Inc. (NASDAQ: ... pharmaceutical company focused on the development of oral ... Intellectual Property Office has granted Oramed a patent ... Exenatide". The patent covers Oramed,s invention of an ... is an incretin hormone that stimulates the secretion ...
(Date:5/8/2017)... May 8, 2017  Diplomat Pharmacy, Inc. (NYSE: DPLO)., ... ("WRB"), a health care service center company based ... WRB specializes in relationship management programs for leading pharmaceutical ... WRB will join Envoy Health ... services for manufacturers, biotech firms, and other service companies. ...
(Date:5/6/2017)... May 5, 2017  Hill-Rom Holdings, Inc. (NYSE: HRC), ... 100,000 square feet to its Welch Allyn campus. ... commitment to bring more than 100 new jobs to ... Allyn has maintained a significant presence for more than ... new positions, a large portion of which will be ...
Breaking Medicine Technology: