HealthEast Care System Selects Concuity’s ClearContracts to Increase Contract Analysis and Negotiation Capabilities and Improve Revenue Cycle Management
Vernon Hills, Illinois/Dublin, Ireland – April 2008 – Concuity, a healthcare division of Trintech (NASDAQ: TTPA) and a leading provider of contract management and revenue recovery technology (”Peer Reviewed by HFMA”) and services, today announced that HealthEast Care System has selected ClearContracts™ to enhance contract negotiation capabilities and improve the recovery of underpaid claims.
HealthEast Care System operates a number of hospitals and other health care facilities throughout the St. Paul, Minnesota, metro area, including three general acute care facilities – St. John’s Hospital, St. Joseph’s Hospital, and Woodwinds Health Campus. A fourth hospital, Bethesda Hospital, provides inpatient rehabilitative care. HealthEast Care System also features a number of primary care and specialty clinics located throughout its service area.
“The calculations performed in our existing system for expected reimbursement weren’t always accurate. We’ve also relied heavily on spreadsheets to track the appeal and recovery process. We wanted a more reliable solution for analyzing agreements, negotiating new contract terms, and recovering underpaid claims,” said Aaron Bloomquist, System Director Managed Care for HealthEast Care System. “With ClearContracts, we’ll have a tool that will help us better analyze the results of managed care agreements and hold payers accountable to the terms of those agreements.”
The specialized collection workflow technology of ClearContracts combined with our Revenue Recovery Services enable healthcare organizations to accelerate collections, identify real variances, and improve cash flow and revenue. Collectors can effectively prioritize accounts, build cases for appeal, manage the appeal process, and collect more of what’s owed.
“We’re pleased to have HealthEast Care System as a client. They share the goal of other established healthcare providers – they want to improve financial and operational performance,” said Ed Gallo, EVP for Concuity. “Our revenue cycle management solutions and integrated best practices allow healthcare providers across the country experience significant increases in annual revenue. Providers that practice proper contract revenue cycle management can recover a majority of claims and avoid underpaid claims altogether.”
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