Concuity, a healthcare division of Trintech, has released version 7.2 of ClearContracts, enhancing the software's modeling capabilities, security, and reporting features, as well as updating the user interface.
"ClearContracts continues to evolve," said Ed Gallo, EVP for Concuity. "The latest version of ClearContracts further increases the user experience and decreases time and resources required by clients to maintain compliance."
Healthcare providers are constantly occupied with managing underpayments and denials due to payer non-compliance, Gallo said in a company press release that accompanied the updates. Consequently, they're always looking for better ways to monitor contract compliance. The new features included in ClearContracts enable finance administrators and contractors to identify and correct systemic issues that cause revenue leakage and develop long-term strategies for combating payer non-compliance.
Gallo said ClearContracts also gives hospitals and health systems the ability to effectively manage each step of the contract revenue cycle process, as well as improve their cash position and reduce accounts receivable.
Concuity was founded in 2000 and is now a division of Trintech. The parent company is a provider of integrated financial governance, transaction risk management, and compliance solutions for commercial, financial, and healthcare markets worldwide. It boasts a client list of 500 leading global organizations, including North Fork Bank, 7-Eleven, Kroger, Regal Entertainment, Accor, UPMC and Farmer's Insurance Group.