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Recondo Technology Receives Certification From CAQH/Committee on Operating Rules for Information Exchange (CORE)
Date:9/16/2009

he need for time-consuming phone calls and paperwork.

CORE-certification ensures that Recondo users can securely process electronic queries within 20 seconds and that providers will receive consistent patient administrative information.

According to a recent CAQH study, providers may reduce labor costs associated with verifying insurance coverage as much as 50 percent by moving from labor-intensive verification methods (Web, fax and phone) to automated HIPAA transactions. Health plans also could achieve significant labor savings, as the study showed that average labor costs per phone call are $1.38 vs. $0.00 for an automated transaction.

CAQH, a nonprofit alliance of health plans and trade associations, launched CORE to promote health plan-provider interoperability and improve provider access to administrative information. To date, the voluntary industry-wide initiative has brought together more than 100 healthcare industry stakeholders - health plans, providers, vendors, CMS and other government agencies, associations, regional entities, standard-setting organizations and banking industry experts - to develop the operating rules. These stakeholders cover more than 130 million lives, or more than 75 percent of the commercially insured plus Medicare and state-based Medicaid beneficiaries.

About Recondo Technology

Recondo Technology delivers powerful software services that connect patients, providers, and payers, across the spectrum of US health care. Recondo services are bringing efficiencies and cost savings to health care payment processing, which currently costs the medical industry a staggering $360 billion in annual expense. Recondo services automate the revenue cycle and payment cycle, from pre-scheduling to adjudication, with virtually no manual intervention. Recondo offerings are designed to integrate crucial business processes across all patient, provider, and payer s
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