Date Posted: 9/10/2008
Valley Baptist Health System Selects Concuity's ClearContracts to More Accurately Calculate Payments from Managed Care and Government Payers
VERNON HILLS, Ill., and DUBLIN, Ireland, Sept. 8 /PRNewswire-FirstCall/ -- Concuity, a healthcare division of Trintech (Nasdaq: TTPA - News) and a leading provider of contract management and revenue recovery technology ("Peer Reviewed by HFMA") and services, today announced that Valley Baptist Health System has selected the ClearContracts(TM) Payer Compliance suite to more accurately calculate payments from managed care and government payers; more easily negotiate contract terms and analyze and track the results of managed care agreements; better hold payers accountable to the terms of agreements; and appeal and collect underpaid and denied claims.
Valley Baptist Health System is one of the largest not-for-profit health systems in South Texas with more than 800 beds. The healthcare system delivers premium and award-winning healthcare services through its two hospitals, Valley Baptist Medical Center-Harlingen and Valley Baptist Medical Center-Brownsville.
"With ClearContracts, we'll be able to equip staff hospital-wide with specific tasks that will help speed turnaround time, reduce billing errors, and increase productivity," said Sherry Griffin, Vice President Managed Care for Valley Baptist. "Through organized workflow we'll achieve maximum performance and have the ability to provide complete documentation of work to enhance revenue integrity."
"ClearContracts is a proven system that optimizes the revenue management cycle," said Ed Gallo, EVP for Concuity. "We're delighted to have Valley Baptist select ClearContracts for its unmatched capabilities to efficiently manage the complexity of claims, contracts, and revenue collection."
About Valley Baptist Health System
Valley Baptist Health System is a community health service providing spiritually-based health, education and charitable programs in accordance with the teachings and healing ministry of Jesus Christ.
Valley Baptist extends many of its services beyond its facilities and into local communities, offering services and expertise to area businesses and other organizations through its Value Partners and other programs including free screenings for the community, support groups and numerous educational opportunities. For more information, visit http://www.ValleyBaptist.net.
About Concuity
Founded in 2000 by a group of healthcare industry visionaries, and now a division of Trintech, Concuity improves its customers bottom line performance by delivering targeted revenue recovery solutions, including ClearContracts(TM) which has been reviewed by HFMA and features the notable "Peer Reviewed by HFMA" mark, that ensure accurate claims reimbursement, improve workflow and payment collection, streamline contract negotiations, optimize cash flow and profitability, and ensure accurate implementation and compliance.
Concuity's rich industry knowledge and market-focused technology solutions and services empower your organization to identify and then eliminate systemic issues that cause revenue inefficiencies. The result is a significant return on investment with long term sustainable improvement in revenue and profitability for our clients. For more information, call 847-465-6003 or visit http://www.concuity.com.
About Trintech Group
Trintech Group Plc (NASDAQ: TTPA - News) is a leading global provider of integrated financial governance, transaction risk management, and compliance solutions for commercial, financial, and healthcare markets worldwide. Trintech's recognized expertise in reconciliation process management, financial data aggregation, revenue and cost cycle management, financial close, risk management, and compliance enables customers to gain greater visibility and control of their critical financial processes leading to better overall business performance.
Over 600 leading global organizations realize the benefits of Trintech's configurable and highly scalable solutions everyday, including 7-Eleven, Accenture, Allianz Life North America, Ameren, Bank of Nevada, eBay, Farmer's Insurance Group, Kinder Morgan, Regal Entertainment, Rohm and Haas, Sears, UPMC, Verizon Wireless, Wyndham Worldwide, and YUM! Brands Restaurants.
Trintech's technology enables our customers to ensure their internal financial processes are optimized, improve performance through stronger management of revenue and cost cycles, ensure the accuracy and integrity of financial data, improve the quality and efficiency of the financial close process, as well as reduce the risk of material weaknesses and restatements.
For more information on how Trintech can help you increase confidence in business performance and reduce financial risk, please contact us online at http://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.
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