Jun 22, 2015, 07:05 ET
MOBILE, Ala. and GREENWOOD VILLAGE, Colo., June 22, 2015 /PRNewswire/ -- Recondo Technology (Recondo), a leading provider of cloud-based revenue cycle connectivity and applications, and The SSI Group, Inc. (SSI), an industry leader in revenue cycle management solutions, announced today they have entered into an agreement for SSI to resell Recondo's automated claim status solution as an additional component within SSI's suite of revenue cycle solutions to further accelerate payment and increase back office efficiency for SSI's customers.
The availability of Recondo's ClaimStatusPlus® solution will provide SSI's existing customers with additional claim status information that resolves common delays in payment while streamlining workflow. ClaimStatusPlus leverages Recondo's patented Reconbot™ technology to automatically query payer websites and then retrieve, normalize and present critical information about claim status.
The solution provides potentially faster notification of claim status, detailed explanations of the problems with each denied claim, and workflow triggers that guide staff in remediating partially and fully denied claims. As a result, SSI customers can achieve meaningful reductions in write offs, denied claims, and A/R Days, along with higher staff productivity driven by exceptions-based processing.
"SSI is excited about the addition of enhanced claim status information to its revenue cycle portfolio," said Jimmy Lyons, President and CEO of SSI. "In our continued drive to deliver value to our customers, we believe that additional portal-derived status information can make a meaningful difference. This additional functionality will provide both timely and actionable information for our clients."
"Healthcare providers can no longer afford to wait to be notified that a claim needs a minor adjustment to be payable; they need SSI's revenue cycle solutions plus true touchless automation of the claim status process to efficiently speed payment," said Jay Deady, CEO of Recondo. "Partnering with SSI was a logical decision for us based on their robust suite of products and their large provider base. Our combined strengths will give our customers across the country a seamless method to achieve true claim follow-up automation."
Visit Recondo and SSI at ANI in Orlando
Recondo and SSI will both demonstrate their revenue cycle solutions at the HFMA National Institute (ANI) 2015 conference, June 21-25 in Orlando, FL. Stop by booth #809 (Recondo) and booth #1237 (SSI) to learn how your organization can benefit.
SSI is a forward-thinking innovator that is powering the business of healthcare through improved flexibility, connectivity and integration. The company offers a single-vendor, end-to-end Revenue Cycle Management (RCM) solution featuring front-end patient access solutions; industry-leading, best-in-class billing and claims transmission; contract management, audit management, release of information and attachment processing; and an advanced analytics and business intelligence product suite. With over 800 direct payer connections through its EHNAC-certified clearinghouse, SSI processes 600 million transactions annually, totaling in excess of $800 billion in billed electronic claims revenue. For more information about SSI, please visit www.thessigroup.com.
About Recondo Technology
Recondo's cloud-based solutions deliver financial clarity to all participants within the healthcare revenue cycle. Named the No. 1 hottest company in healthcare by Modern Healthcare in 2013 and a Cool Vendor for Healthcare Providers 2015 by Gartner, Recondo empowers more than 900 hospitals and health systems with solutions that connect providers with over 90% of the nation's payers and their patients to ensure proper and accelerated payments across the care continuum. The company's software and expertise streamline operations and achieve efficiencies and cost savings from patient access through claim status to payment processing—a continuum today where inaccuracy and inefficiencies currently cost U.S. healthcare a staggering $480 billion per year. Visit us at www.recondotech.com.
Amendola Communications for Recondo
Marketing Manager for The SSI Group, Inc.
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