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Recondo Technology Closes Fiscal Year 2009 With Record Results
Date:1/13/2010

nt and commercial patient insurance benefits available in the industry. With a complete understanding of insurance benefits, hospitals immediately identify specific coverage, simplify patient registration workflows, reduce claim rework, and assess patient liability.

Authorization-Denial Prevention (Auth-DP) increases cash flow by reducing a hospital's costly payer denials. Auth-DP identifies precertification requirements and authorization at the front of the revenue cycle, increasing authorization coverage and reducing denials by as much as 75 percent.

Recondo services are Software as a Service (SaaS), requiring no capital budget and no additional hardware or software installation. Recondo services are developed using high-speed, high-volume rules-based processing, giving hospitals unmatched and immediate access to real-time data.

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 services, presenting accurate, real-time eligibility status, benefits verification, accurate statements of patient financial responsibility prior to service, authorization approval and notification, denial management, and reconciliation. Recondo services seamlessly interface and integrate to provider scheduling systems, HIS systems, and other technologies, increasing cash flow, reducing bad debt, lowering administrative costs, and adding significant, measureable val
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