Let’s face it healthcare involves a lot of money. Many issues crop up when providing healthcare to patients. At the same time there is a need to have all the required information to be available the soonest possible time. To do this requires automating the payment processes inherent in the execution of healthcare.
This is the reason for Recondo Technology’s existence. Through its range of innovative cloud computing solutions the company connects providers, payers and patients throughout the healthcare revenue cycle. The design of its software services is to ensure proper payments across the continuum of US healthcare and bring efficiencies and cost savings to healthcare payment processing.
With its solutions the company is helping hospitals simplify the revenue cycle by moving operations up-front, reducing manual intervention, and delivering operational and financial benefits. More than 450 US hospitals use Recondo’s solutions which provide real interoperability through its sophisticated rules architectures and legacy integration and data mining. Among its software and service offerings include payments, insurance verification, and revenue recovery.
As proof of its future relevance and viability Recondo recently received a $20 million investment from Bregal Sagemount to speed up its expansion in the lucrative medical industry. The firm is based in Greenwood Village, Colorado.