Concuity, A Healthcare Division of Trintech, Receives HFMA Peer Review Seal of Approval
Vernon Hills, Illinois/Dublin, Ireland - 23 October 2007 - Concuity, a healthcare division of Trintech (NASDAQ: TTPA), today announced that the Healthcare Financial Management Association (HFMA) recently examined ClearContracts™ for Hospitals and Physician Groups, a solution that helps increase hospital revenue through the identification and correction of payer non-compliance issues in the contract revenue cycle, using the new Peer Review process. After undergoing the rigorous review, ClearContracts now features the notable “Peer Reviewed by HFMA” mark.
Concuity’s ClearContracts™ is a web-based revenue cycle management solution that allows healthcare organizations to manage the entire contract revenue cycle. It goes beyond legacy calculation engines, allowing the creation and negotiation of profitable contracts, the optimization of contract interpretation and compliance, and the collection of what’s rightfully owed from payer relationships.
“We’re extremely pleased to have earned Peer Review status for ClearContracts,” said Ed Gallo, EVP for Concuity. “It’s rewarding to know that our customers who participated in the evaluation, as well as independent experts, gave our revenue cycle management solution high marks for the software’s quality, value, ease of use, and exceptional return on investment.”
The Peer Review is a structured process that validates the accuracy, effectiveness, marketplace acceptance, and value of products and services that HFMA members are currently using. The goal of the review is to identify products and services that deliver organizational savings and performance improvement which enhance HFMA members’ day-to-day business interactions and careers. Criteria for a product to display the HFMA Peer Review mark include high survey scores for:
- Enhanced productivity for the individual user and for the customer’s organization;
- Ease of installation and use;
- Accuracy and reliability;
- Good value for price;
- Excellent technical support and customer service; and
- An overall positive rating from reviewers based on a quantitative scale
“For years HFMA members have asked us to identify viable healthcare finance resources and to filter some of the noise in the market place,” said HFMA President and CEO Richard L. Clarke, DHA, FHFMA. “We see the new Peer Review process as a powerful opportunity to do just that.”
For more information on HFMA’s Peer Review process visit: www.hfma.org.
About HFMA
HFMA is the nation’s leading membership organization for more than 35,000 healthcare financial management professionals employed by hospitals, integrated delivery systems, managed care organizations, ambulatory and long-term care facilities, physician practices, accounting and consulting firms, and insurance companies. Members’ positions include chief executive officer, chief financial officer, controller, patient accounts manager, accountant, and consultant. HFMA offers educational and professional development opportunities; information on key issues affecting healthcare financial managers; resources, such as technical data, checklists and research reports; and networking opportunities-all of which provide our members with the practical tools and ideas they need to ensure career and organizational successes. For more information, visit the Association’s Web site at www.hfma.org.
About Concuity
Concuity offers industry-leading solutions to increase hospital revenue by identifying and correcting payer non-compliance issues in the contract revenue cycle. Founded in 2000 by a group of healthcare industry visionaries and now a valued Division of Trintech, Concuity improves its customers’ bottom lines by delivering technology and service solutions that allow negotiation of more profitable contracts, ensure accurate implementation and compliance, and maximize revenue. Clients include University of Utah Hospitals and Clinics, Salt Lake City, UT, Riverside Medical Center, Kankakee, IL, and Providence Health System, Seattle, WA. Concuity is headquartered in Vernon Hills, Ill. For more information, call 847-465-6003 or visit www.concuity.com.
About Trintech Group
Trintech Group Plc (NASDAQ: TTPA) is a leading provider of integrated financial governance, transaction risk management, and compliance solutions for commercial, financial, and healthcare markets worldwide. Trintech’s recognized expertise in reconciliation underpins its suite of financial governance solutions, enabling businesses to address critical business objectives leading to more informed decision making and better overall business performance.
Over 500 leading global organizations, including - North Fork Bank, 7-Eleven, Kroger, Regal Entertainment, Accor, UPMC, Farmer’s Insurance Group, YUM! Brands Restaurants, Rohm and Haas, Verizon Wireless, and Ameren - realize the benefits of Trintech’s configurable and highly scalable solutions everyday to: improve performance through stronger management of the revenue cycle and disbursements; ensure the accuracy and integrity of financial data; identify and reduce transaction risk; improve the quality and timeliness of financial reporting; and strengthen internal controls to support compliance requirements.
For more information on how Trintech can help you gain greater visibility and control of your critical financial processes, please contact us online at www.trintech.com or at our principal business office in Addison, Texas, or through an international office in Ireland, the United Kingdom, or the Netherlands.
Trintech • 15851 Dallas Parkway, Suite 900 • Addison, TX 75001 • Tel 1.972.701.9802
Trintech Technologies • Block C, Central Park • Leopardstown, Dublin 18, Ireland • Tel 353.1.293.9840
Trintech Press Contact:
Dallas: Donna Martinez, Marketing Communications Manager, Trintech
Tel. +1 972 739 1611. email:donna.martinez@trintech.com
Published Tuesday, October 23rd, 2007 at 1:00 am and filed under Concuity, Products, Press Releases.