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Recondo Technology Wins Red Herring 100 North America Award
Date:5/27/2009

GREENWOOD VILLAGE, Colo., May 27 /PRNewswire/ -- Recondo Technology, a leading provider of revenue cycle solutions for the health care industry, today announced the firm's selection as one of the Red Herring 100 North America, designating Recondo as one of the top 100 companies playing a leading role in innovation and technology.

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"Red Herring recognizes companies based on quantitative and qualitative criteria, such as financial performance, innovation, management, global strategy, and ecosystem integration," stated Rick Adam, Recondo CEO. "Our selection underscores Recondo's effort to streamline the hospital revenue cycle, reduce hospitals' cost of doing business, and become a leading player in the dawning revolution in US health care."

Recondo Technology offerings include SurePayHealth, which yields higher cash collections for hospitals by validating patient identity; assessing insurance coverage, deductibles, and copayments; and delivering an accurate statement to collect patient payment at time of service. 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. Recondo Eligibility Plus provides hospitals with the industry's most complete view of private and government insurance benefits. All Recondo offerings are Software as a Service (SaaS) deployable via a browser, requiring no additional hardware or software for the customer, and architected on a high-speed, high-volume, rules processing platform.

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