Riverside Medical Center Extends Concuity Contract

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Hayward, Calif., April 12, 2005- Concuity, a trusted provider of revenue cycle management solutions for the healthcare industry, today announced that Riverside Medical Center; Kankakee, Illinois has agreed to extend their contract to use Concuity’s ClearContracts™ Revenue Cycle Management Solutions for three years. Riverside Medical Center, in Kankakee, IL and part of the Rush Health System based in Chicago, began outsourcing underpayment identification and recovery to Concuity in October, 2003 and has been using the ClearContracts web-based application for executive-level performance reporting. “With Concuity, we’ve achieved our contract management goals and they have definitely exceeded our revenue recovery expectations,” says Bill Douglas, CFO and treasurer for Riverside Medical Center. “Like many Illinois hospitals, we have a particular problem reconciling payments from one of the state’s largest commercial payers. ClearContracts has been able to make sense of this payer’s complicated reimbursement methodologies and bring clarity to the extent at which we were getting underpaid. To date, they’ve collected a little over $1.3 million for Riverside. With their Revenue Recovery Services team managing the technology solution and subsequent collections, we’ve been able to improve our existing workflow as identified by ClearContracts’ performance reports,” he stated. “Riverside Medical Center is an excellent example of Concuity’s commitment to helping healthcare organizations achieve their goals,” said Robert Watson, president and CEO of Concuity “If our clients don’t succeed, we don’t succeed. Concuity helps position healthcare organizations for success by providing the tools they need to pinpoint revenue leaks from their managed care contracts, enabling them to efficiently identify and collect what they are owed,” he stated.

Part of the Rush System for Health, Riverside Medical Center has been serving the health care needs of the families of Kankakee, Ford, Grundy, Iroquois, Livingston, and Will counties since 1964. Today, their medical center has grown to a 336-bed, multi-service, not-for-profit medical facility that offers a full scope of inpatient and outpatient care, and supports a staff of nearly 200 physicians.

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, Concuity improves its customers’ bottom lines by delivering technology and service 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, Covenant Health System, St. Joseph’s Health System and Providence Health System. Concuity is headquartered in Hayward, Calif., with offices throughout the U.S. For more information, call Concuity, at 847-941-9230 or visitwww.concuity.com.

Published Apr. 12th 2005 at 9:17 am.

News Source : Riverside Medical Center Extends Concuity Contract