CHICAGO, Nov. 11, 2016 /PRNewswire/ -- The Healthcare Financial Management Association (HFMA) today announced that, following rigorous review, they have once again designated Recondo's EligibilityPlus™ and SurePayHealth™ products as "Peer Reviewed by HFMA®." This marks the third straight year that Recondo has earned the coveted designation, respected industry wide as an objective, third-party confirmation of the value of a company's solutions.
Recondo's EligibilityPlus data service automates the process of discovering a patient's true level of coverage before or after services by seamlessly integrating with Epic and other major systems to drive a rapid drop in eligibility-related denials.
Recondo's SurePayHealth automates patient estimates with an intelligence feed that produces reliably correct patient estimates prior to or at the point of service, ultimately driving up cash collections for hundreds of hospitals around the country—for many, by as much as 40 percent.
"Recondo is honored to receive the 'Peer Reviewed by HFMA' designation for both SurePayHealth and EligibilityPlus. This designation from HFMA reflects the continued year-over-year increase in client adoption rates, as well as the success and exceptional value Recondo's solutions provide to our clients," said Recondo Chief Operating Officer Perry Sweet. "With the recent news of Recondo's $16 million funding round, aimed at continuing product development investments in areas of API-enabled revenue cycle content, expanded claims statusing, and authorization automation, I am certain we will continue to see strong market demand for our solutions and leverage this investment to further execute on our aggressive growth strategy."
The rigorous, 11-step HFMA Peer Review process includes a Peer Review panel review comprising current customers, prospects who have not made a purchase, and industry experts. The Peer Review status of the healthcare business solution and its performance claims are based on effectiveness, quality and usability, price, value, and customer and technical support.
"We're pleased to have Recondo renew their HFMA Peer Reviewed designation," said HFMA President and CEO Joseph J. Fifer, FHFMA, CPA. "The HFMA Peer Review process assures our members, through a rigorous evaluation, that the reviewed healthcare business solution meets an objective, third-party assessment of overall effectiveness, quality, and value."
Recondo executives will be available to share additional information on the company's revenue cycle solutions in person at two upcoming conferences:
- HFMA Region 4 Mid-Atlantic in Asheville, NC - Nov. 13-15
- HIMSS Revenue Cycle Summit in Boston, MA - Dec. 6-7
With more than 40,000 members, the Healthcare Financial Management Association (HFMA) is the nation's premier membership organization for healthcare finance leaders. HFMA builds and supports coalitions with other healthcare associations and industry groups to achieve consensus on solutions for the challenges the U.S. healthcare system faces today. Working with a broad cross-section of stakeholders, HFMA identifies gaps throughout the healthcare delivery system and bridges them through the establishment and sharing of knowledge and best practices. We help healthcare stakeholders achieve optimal results by creating and providing education, analysis, and practical tools and solutions. Our mission is to lead the financial management of health care. hfma.org
Recondo empowers more than 900 hospitals and health systems with revenue cycle solutions that connect providers with over 90% of the nation's payers and their patients to ensure maximum and accelerated payments across the care continuum. Recondo's patented software and provider-centric expertise streamline operations to achieve maximum efficiencies in patient access through claim status to payment processing. In a continuum today where inaccuracy and inefficiencies cost U.S. healthcare a staggering $480 billion per year, partnering with a trusted revenue cycle expert to get paid more, faster and at a lower cost has never been more necessary. Visit us at www.recondotech.com.
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SOURCE Recondo Technology