Trintech Announces the Availability of EOB PRO and HealthcareAR for Providers and Financial Institutions
Trintech’s Healthcare Suite to Optimize Providers’ Claims-Payments Transaction Lifecycle and Enable Financial Institutions to Offer More Flexible, Value-Added Services to their Corporate Healthcare Clients
Dallas, Texas/Dublin, Ireland – 16 October, 2006 – Trintech Group Plc (NASDAQ: TTPA), a leading provider of financial software and technology services specializing in transaction verification, reconciliation management, process automation, and compliance, today announced the release of EOB PRO and HealthcareAR for healthcare and financial institutions. EOB PRO is a web-based remittance standardization solution that eliminates the manual process of posting paper Explanation of Benefits (EOB) payments to a healthcare billing system. HealthcareAR, a web-based solution, matches provider-payer financial transactions to corresponding payment information. The solution automates all facets of revenue cycle reconciliations. The solutions are available to provider networks directly and to financial institutions that seek to offer the most flexible, powerful banking solutions to the healthcare customers who drive the success of their business.
EOB PRO and HealthcareAR seamlessly integrate into the provider’s environment, and feature intuitive interfaces that allow users to manage a variety of transaction types, perform adjustments, submit updates, investigate exceptions and initiate reports online in real-time. The solution suite supplements existing lockbox environments with advanced OCR and HIPAA transaction creation technology, giving providers complete visibility into the payment transaction lifecycle, as well as powerful reconciliation capabilities.
Today’s providers are challenged with the lack of visibility into their transactions once they leave their environment, inefficiencies in EOB and remittance management, unnecessary write-offs and the inability to get paid,” said Ed Gallo, SVP Healthcare Business Group, Trintech. “We provide solutions that face these obstacles head-on. Our comprehensive HIPAA compliant solutions improve the efficiency and effectiveness of healthcare transactions, and streamline collection efforts to generate a higher level of financial performance.”
Trintech’s ReconNET, AssureNET GL and Bank Fee Analysis are used today by prominent healthcare organizations, including UMPC Health System, UnitedHealth Group, Adventist Health System, University of Missouri Health Care and Wellpoint Health Networks.
“Trintech’s unique approach to transaction management and investment in its next-generation technology platform will benefit healthcare providers, payers, financial institutions and other service providers in the healthcare industry,” continued Gallo.
About Trintech Group
Trintech Group Plc (NASDAQ: TTPA) is a leading global provider of financial software and technology services specializing in transaction verification, reconciliation management, process automation, and compliance, for commercial, financial and healthcare markets. For over 20 years, Trintech has been providing comprehensive, industry-leading solutions to financial departments seeking greater insight into critical transaction processes. Trintech delivers a configurable, highly scalable platform that incorporates a company’s unique business logic, enabling managers to obtain greater visibility and more efficiently manage business risk throughout the transaction lifecycle. Trintech’s transaction management solutions include: ReconNET for high volume transaction reconciliation; AssureNET GL for general ledger reconciliation and certification; Treasure eNET for cash management; Bank Fee Analysis; and the DataFlow Transaction Network for data collection and delivery. Over 400 leading companies across a variety of industries rely on Trintech products and services. Clients include: North Fork Bank, 7-Eleven, Kroger, Regal Entertainment, Accor, UPMC, Farmer’s Insurance Group, YUM! Brands Restaurants, Rohm and Haas, Verizon Wireless, and Ameren.
Trintech’s principal business office is in Dallas, Texas, with international offices in Ireland, the United Kingdom and the Netherlands. Trintech can be reached at 15851 Dallas Parkway, Suite 855, Addison, TX 75001 (Tel 1-972-701-9802). Trintech’s corporate office can be contacted at Trintech Building, South County Business Park, Leopardstown, Dublin 18 (Tel 353-1-207-4000). For more information, please visit www.trintech.com.
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- Trintech Group Plc
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