GREENWOOD VILLAGE, Colo., Oct. 29, 2013 /PRNewswire/ -- Recondo Technology today announced today that the firm's control procedures and compliance have been verified in a Service Organization Control Report (SOC 1) prepared under the terms of the Statement on Standards for Attestation Engagements No. 16 (SSAE 16) by independent auditing firm Linford & Company.
Recondo® received two SSAE 16 reports, one for its Software as a Service (SaaS) operations and one for its Trilogi® Revenue Recovery operations. Recondo passed both audits with "unqualified" auditor's opinion(s) for an SSAE 16 report, which indicates that Recondo achieved all control objectives without a significant exception or deficiency.
SSAE 16 is the replacement standard for SAS 70 as the authoritative guideline for reporting on a service organization such as Recondo. It not only encompasses the overall requirements contained in SAS 70, but also extends many of the control measurements to better align with international standards. Examples of control points include (but are not limited to): financial management; HR and training; security management; operational procedures; software development procedures and source code control; protection of Protected Health Information (PHI), and data center security. The firm's external compliance auditors looked at all aspects of Recondo business operations and technology. Additionally, the auditors monitored and confirmed that Recondo followed all procedures and controls for the last six months.
"Achieving and maintaining this level of compliance is essential to continue offering services for our customers," said Frank Ricotta, Recondo Chief Technology Officer. "Not only do our customers require that Recondo is SSAE 16-compliant, they will also review the detail report to make sure we are in alignment with their internal standards. From their perspective, it is a critical requirement for maintaining the integrity of their operations and compliance. For us to satisfy so many different constituents, Recondo has to maintain an operational posture that exceeds industry expectations to be successful in the market place. The results of this audit demonstrate that in fact we do."
About Recondo Technology
Recondo solutions achieve financial clarity 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.
Visit Recondo Technology at www.recondotech.com.
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