Concuity Announces the Availability of EOB PRO for Healthcare Providers
June 25 2007 - 9:00AM
PR Newswire (US)
Concuity's EOB PRO Integrates EOB Conversion Capabilities into its
Contract and Denials Management Software, ClearContracts(TM) VERNON
HILLS, Ill., and DUBLIN, Ireland, June 25 /PRNewswire-FirstCall/ --
Concuity, a healthcare division of Trintech (NASDAQ:TTPA), today
announced the availability of EOB PRO for ClearContracts, its
web-based, revenue cycle management system. ClearContracts helps
healthcare providers identify and correct underpayments due to
payer non-compliance in the contract revenue cycle. EOB PRO
converts paper-based Explanation of Benefits (EOBs) into HIPAA
standard 835s, eliminating the intensive, manual process of posting
paper EOB payments to a healthcare billing system. EOB PRO allows
providers to consolidate various paper and/or electronic
remittances into a single stream of data that eliminates
time-consuming and error-prone manual data entry; enhances the
ability to recover revenue; provides image and data archive
capabilities; and increases control and visibility into healthcare
transaction processes. With EOB PRO, providers can focus on other
core business issues, such as identifying denied, delayed, and
inaccurate reimbursements identified in the ClearContracts
solution. "Today, EOB PRO is performing daily paper EOB conversion
for a large healthcare system in the northeastern United States.
They're converting thousands of paper-based transactions per month
for regional and national payers," said David Rodriguez, Director
of Product Marketing. "Since implementing EOB PRO, the healthcare
system has not needed to hire additional staff to post payments,
reduced the need for mandatory overtime for current staff, and
eliminated the need for additional office space to house both staff
and documents." By utilizing EOB PRO in conjunction with
ClearContracts, clients maximize their return on investment. All
transactions are integrated, and 100% transparency is provided to
all remittances. For clients contending with underpayments and
denials, this provides both savings in time and recovered dollars.
EOB PRO captures all patient and payment data from EOBs, as well as
normalizing EOB reason codes, which is essential for denials
management. "Our goal is to help healthcare providers solve
operational issues while improving their margin and cash flow,"
said Ed Gallo, EVP Healthcare Business Group, Trintech. "With EOB
PRO and ClearContracts providers can automate claims billing
processes, increase clean claim submissions, and improve resource
allocation; thereby, generating a higher level of financial
performance that will drive the quality of care and efficiency in
our healthcare system." About Concuity Concuity offers
industry-leading solutions to increase hospital revenue by
identifying and correcting payer non-compliance issues in the
contract revenue cycle. Founded in 2000 by a group of healthcare
industry visionaries and now a valued Division of Trintech,
Concuity improves its customers' bottom lines by delivering
technology and service solutions to create and negotiate better
contracts, ensure accurate implementation and compliance, and
collect what's owed. Clients include University of Utah Hospitals
and Clinics, Salt Lake City, UT, Riverside Medical Center,
Kankakee, IL and Providence Health System, Seattle, WA. Concuity is
headquartered in Vernon Hills, Ill. For more information, call
847-465-6003 or visit http://www.concuity.com/. About Trintech
Group Trintech Group Plc (NASDAQ:TTPA) is a leading global provider
of financial software and services specializing in reconciliation
workflow, revenue enhancement, transaction risk management, 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 processes, enabling managers to obtain
greater visibility and more efficiently manage business risk
throughout the transaction lifecycle. Trintech's transaction
process management solutions include: ReconNET for high volume
transaction reconciliation; AssureNET GL for general ledger
reconciliation and certification; On-Demand solutions for ASP
ReconNET and AssureNET services and the Dataflow Transaction
Network for data collection and delivery; and ClearContracts, an
ASP service which enables health care providers to optimize
contract profitability by reconciling payments received from their
patients' insurers to amounts they should have received from claims
under the terms of their respective contracts. Over 450 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
900, Addison, TX 75001 (Tel 1.972.701.9802). Trintech's corporate
office can be contacted at Trintech Technologies, Block C, Central
Park, Leopardstown, Dublin 18, Ireland (Tel 353.1.293.9840). For
more information, please visit http://www.trintech.com/. Trintech
Press Contact: Dallas: Donna Martinez, Marketing Communications
Manager, Trintech Tel. +1 972 739 1611. email: DATASOURCE: Trintech
Group Plc CONTACT: Donna Martinez, Marketing Communications Manager
of Trintech, +1-972-739-1611, Web site: http://www.trintech.com/
http://www.concuity.com/
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