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Chicago – January 28, 2014 – The Healthcare Financial Management Association (HFMA) recently reviewed Recondo Technology's EligibilityPlus™ product using the Peer Review process. After undergoing the rigorous review, EligibilityPlus has been awarded the “Peer Reviewed by HFMA®” designation.
EligibilityPlus offers providers a complete view of patient insurance benefits by combining standard eligibility Electronic Data Interchange (EDI) transactions with benefits available only on payer web portals. With a complete understanding of patient insurance benefits, providers can identify specific coverage, simplify patient registration workflows, reduce claim rework, and assess patient liability.
“The Recondo team is pleased and proud to have our EligibilityPlus software recognized by the HFMA Peer Review program,” said Lori Prestesater, Recondo Chief Growth Officer. “This represents a premier recognition of the value and quality we provide to our customers, supporting their ability to get paid promptly and properly for the services they provide. During the Peer Review process, HFMA interviewed many EligibilityPlus customers and the results are both rewarding and gratifying. We look forward to working closely with HFMA to maximize the value of this important milestone in Recondo history.”
“EligibilityPlus makes it easy for healthcare providers to validate the correct payer source and determine the exact coverage for a particular patient encounter. That’s good for both patients and providers,” said Mike Mulcahy, Senior Vice President, Payer Relations. “EligibilityPlus gives hospitals the most complete view of patient insurance benefits available today, encompassing both commercial and government insurance plans. The HFMA Peer Review designation validates the breadth and depth of the software’s capabilities and value.”
HFMA's Peer Review process provides healthcare financial managers with an objective third party evaluation of products and services used in the healthcare workplace. The rigorous, eleven-step process includes a Peer Review panel review comprised of current customers, prospects who have not made a purchase, and industry experts. Peer Review status of the product or service and its performance claims are based on effectiveness, quality and usability, price, value, and customer and technical support.
“HFMA’s Peer Review process provides our membership with the assurance that those who have earned the designation have undergone a rigorous screening process,” says HFMA President and CEO Joseph J. Fifer, FHFMA, CPA. “The Peer Reviewed designation helps both members and non-members identify superior products and services. It can also create brand awareness and recognition in the healthcare finance marketplace for Peer Reviewed products and services."
The Healthcare Financial Management Association (HFMA) provides the resources healthcare organizations need to achieve sound fiscal health in order to provide excellent patient care. With more than 40,000 members, HFMA is the nation's leading membership organization of healthcare finance executives and leaders. HFMA helps its members achieve results by providing education, analysis, and guidance, and creating practical tools and solutions that optimize financial management. The organization is a respected and innovative thought leader on top trends and challenges facing the healthcare finance industry. From addressing capital access to improved patient care to technology advancement, HFMA is the indispensable resource for healthcare finance.
Karen Thomas(708) 492-3377
Recondo solutions achieve financial clarity and efficiency for all participants within the healthcare revenue cycle. The result is a closer relationship with payers, a better healthcare experience for patients, and a confident and motivated staff that sees their value manifested in superior healthcare service. Recondo combines sophisticated rules architectures, legacy integration, and data mining to provide true interoperability for more than 650 US hospitals and more than 500 payers. This new world of healthcare is Empowered by Recondo.
Terry Truman(303) 974-2815
Russ Graney, founder and CEO for Aidin, and John Laursen, head of business development for Aidin, share insights on how to improve care transitions between acute and post-acute care settings and incentivize high-quality patient outcomes.
Scott Elston, strategic accounts manager, GE Healthcare Services, describes how substantial cost reduction in health care requires rethinking business strategy and asset use.
Robert Williams, MD, director, Deloitte Consulting LLP, and Arielle Freiberger, product strategist, ConvergeHEALTH by Deloitte, explain how sophisticated retrospective, real-time, and predictive data analytics can inform decision making to reduce costs and improve care.
Stuart Hanson, director of business development (healthcare solutions) at Citi Retail Services, discusses how improving the payment experience can benefit consumers and healthcare providers.
Scott Schmidt, vice president, Cerner RevWorks, LLC, shares insights on best practices for maximizing a revenue cycle management partnership.
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