Providence Health System Selects Concuity ClearContracts™

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HAYWARD, Calif., June 18, 2002- Concuity, a trusted provider of contract revenue cycle management solutions for the healthcare industry, today announced that Providence Health System, Washington Region will use Concuity ClearContracts to improve the revenue collected from its managed care contracts. Concuity ClearContracts allows Providence to electronically identify underpayments and denials, automate the appeal process with payers, and improve contracts and internal processes based on payment performance. “Concuity offered us an enterprise solution that addresses each step of the revenue cycle, from contracts to collection,” said Mike Butler, chief financial officer, Providence Health System, Washington Region. “This solution is particularly attractive to us because it allows centralized management of contractual revenue across multiple locations and contract structures.” “We are extremely excited to be working with Providence Health System,” said Robert Watson, president and CEO of Concuity. “Hospital systems, in particular, are able to quickly realize the unique benefits of Concuity’s enterprise approach to managing the contract revenue cycle - from contracting to operations to billing and collections. With this holistic approach, multi-site provider organizations are able to negotiate better contracts, comply with contractual requirements reducing the number of payment denials and underpayments, and collect what is contractually owed - all resulting in more contractual revenue.”

Providence Health System, Washington Region, extends its mission of caring and commitment across Washington. A comprehensive array of services is available to meet the varied needs of each of the communities it serves. These include acute and primary care, outpatient services, transitional care, home and hospice care, substance abuse programs, mental health treatment, comprehensive outreach programs including prevention and wellness, long-term care and housing.

Concuity, offers technology and service solutions to optimize the contract revenue cycle for the healthcare industry. Founded in 2000 by a group of healthcare industry visionaries, Concuity improves its customers’ bottom lines by delivering solutions to create and negotiate better contracts, ensure accurate implementation and compliance, and collect what’s owed. Clients include Sutter Health, Stanford Hospitals and Clinics, the University of Pennsylvania Health System and Providence Health System. Concuity is headquartered in Hayward, Calif. with offices throughout the U.S. For more information, visitwww.concuity.com.

Published Jun. 18th 2002 at 8:46 am.

News Source : Providence Health System Selects Concuity ClearContracts™