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More healthcare providers replacing manual revenue cycle management with AI-driven automation, says Recondo Technology

Press releases may be edited for formatting or style | June 14, 2018 Artificial Intelligence Health IT Revenue Management

New offerings from Recondo are also helping hospitals leverage their investments in hospital information systems. Recondo's RevSmart™ platform, for example, fully integrates intelligent payer content into Epic using Recondo's deep rule engine. Within the first weeks of usage, organizations are already seeing a 25 percent efficiency gain by using RevSmart to automate prior authorizations.

Partnerships driving automation

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New partners are also joining forces with Recondo to drive efficiency for healthcare, which already includes Ontario Systems, the leading provider of revenue cycle automation solutions that accelerate payments from both payers and patients; VisiQuate, the enterprise analytics provider utilizing AI and Chatbot technology; and The SSI Group, a provider of revenue cycle, EDI gateway and clinical data interoperability solutions.

These new collaborations include five additional partners to yield access to the pre-acute and post-acute markets where the company has traditionally not competed except for facilities owned by a health system. These partners include:

eSolutions, the revenue cycle workflow automation and data analytics company
DataFile Technologies, the medical records, patient access and revenue cycle outsourcer
Queuelogix (a Scribe America Company), a provider of medical records, patient access, and physician scribe services
2018 is showing signs of being one of Recondo Technology's most fruitful years yet, from the January announcement that the company had earned the 2018 Best in KLAS ranking for Patient Access Software and Services to a productive first and second quarter, spanning business development, sales and product enhancements.

Visit Recondo at HFMA Annual Conference

Recondo will demonstrate its solutions at Booth 801 at HFMA's Annual Conference from June 24 to June 27 in Las Vegas. Members of the media working on healthcare automation stories are encouraged to reach out to Stephanie Janard, Amendola Communications for Recondo Technology, at sjanard@acmarketingpr.com to schedule an interview with Recondo CEO Jay Deady.


About Recondo Technology
Recondo's cloud-based solutions deliver industry leading automated, accurate, and actionable financial clarity to all participants within the healthcare revenue cycle. Recognized by Black Book Research as one of the top three leaders in revenue cycle management software, Recondo empowers more than 900 hospitals with solutions that connect providers, payers, and patients to ensure proper payments across the care continuum. The company's patented software and expertise streamline operations and allow providers to be paid more, faster, and at a cheaper cost. Recondo brings efficiencies and cost savings to patient access through to payment processing—a continuum today where inaccuracy and inefficiencies currently cost U.S. healthcare a staggering $480 billion per year.


SOURCE Recondo Technology

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