Industry veteran brings more than two decades
of experience leading technology initiatives
NAPERVILLE, Ill., July 9, 2024
/PRNewswire/ -- Parathon by JDA eHealth Systems, a leading health
care technology company focused on navigating the complex and
constantly changing revenue cycle landscape, has announced the
promotion of Steven Golub, formerly
director of information technology, to chief technology officer for
the organization. With nearly 25 years of experience managing
technical assets including hardware, software and networking
infrastructure, Golub leads a team of technology experts and
developers who are constantly improving Parathon's proprietary and
patented revenue cycle management and payer contract management
solution to help hospitals and health systems uncover and recover
revenue owed to them per their contracts.
"Steven has an impressive background in data security and
product development and his addition to our dedicated team of
technology experts will further enhance our ability to help our
customers navigate the complex world of revenue cycle," said
James Dudley, Parathon's CEO and
founding partner. "Transforming Parathon into a 100% virtual
company is a top priority for Steven because of the recruitment
advantages and we are already making great progress on attracting
and hiring the best available technology talent no matter where
they live."
Prior to joining Parathon, Golub served as director of
information technology at Chicago
law firm Funkhouser Vegosen Liebman Dunn and as an independent
technology consultant. He specializes in data security and product
development and has vast experience building cloud infrastructure
for improved efficiency and cost savings while securing data
against security vulnerabilities and ransomware attacks. An expert
in document management, Golub will work with the Parathon team to
accurately search large volumes of data accurately and
cost-effectively.
"Parathon has a long successful history of holding health
insurers accountable for proper reimbursement, which is critical to
keeping hospitals and health systems financially viable," said
Golub. "I am committed to helping Parathon's customers
maximize collection of the revenue they are owed."
Parathon's revenue cycle management and payer contract
management technologies go beyond artificial intelligence to
address 100% of claims from all payers with 100% accuracy. Unlike
most revenue cycle vendors, Parathon does not rely on EMRs or other
legacy systems to perform revenue follow-up services. Instead, the
company relies on its exclusive Parathon Parallel Database™ and its
patented RCM technology to process claims receivables that would
otherwise prove difficult, if not impossible, for hospitals or
other vendors to collect.
Further, Parathon's Parallel Database™ empowers state-of-the-art
modeling so hospitals can experiment with how potential pricing
changes affect revenue in the future. The advanced proprietary
database also powers price transparency initiatives allowing
hospitals to provide patients digital estimating tools to
accurately and comprehensively calculate out-of-pocket costs before
patients receive treatment.
Contract management is a key piece of the company's efforts,
supported by the Parallel Database technology. Parathon combines
its IT platform, foundational databases, calculation engine, and
core managed care applications to reproduce all financial data
found in legacy EMR systems and consolidates all revenue cycle
information into a single systemwide enterprise. Users level the
playing field between providers and payers with Parathon's
best-in-class financial modeling and proprietary technology to
ensure appropriate and maximum earned reimbursement.
Parathon's Parallel Database™ also provides backup
functionality in the event of a cyberattack, a digital security
event leaving hospitals and health care providers unable to bill
for services. While the Parallel Database™ does not protect
against an attack, it does provide data redundancy to ensure
continued collections capabilities if other revenue systems are
impacted.
About Parathon: Parathon is a revenue cycle technology
company that ensures customers from large integrated delivery
networks to small facilities collect all revenue they have worked
hard to earn. For more than 30 years Parathon has continuously
developed cutting-edge RCM solutions for its customers, including
revenue cycle intelligence software, intelligence services to aid
in revenue recovery and compliance solutions to help hospitals
achieve compliance with the CMS Price Transparency Final Rule. Its
patented software technology and Parathon Parallel Database™
combined with expert staff provide the customized solutions
hospitals need to unlock their full cash flow potential. For more
information, please visit www.parathon.com.
Media Contact: Robin
Embry, Robin@lovell.com
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SOURCE Parathon by JDA eHealth Systems