CHICAGO, Nov. 11, 2016 /PRNewswire/ -- The Healthcare Financial Management Association (HFMA) today announced that, following rigorous review, they have once again designated Recondo's EligibilityPlus™ and SurePayHealth™ products as "Peer Reviewed by HFMA ®." This marks the third straight year that Recondo has earned the coveted designation, respected industry wide as an objective, third-party confirmation of the value of a company's solutions.
Recondo's EligibilityPlus data service automates the process of discovering a patient's true level of coverage before or after services by seamlessly integrating with Epic and other major systems to drive a rapid drop in eligibility-related denials. Recondo's SurePayHealth automates patient estimates with an intelligence feed that produces reliably correct patient estimates prior to or at the point of service, ultimately driving up cash collections for hundreds of hospitals around the country—for many, by as much as 40 percent. "Recondo is honored to receive the 'Peer Reviewed by HFMA' designation for both SurePayHealth and EligibilityPlus. This designation from HFMA reflects the continued year-over-year increase in client adoption rates, as well as the success and exceptional value Recondo's solutions provide to our clients," said Recondo Chief Operating Officer Perry Sweet. "With the recent news of Recondo's $16 million funding round, aimed at continuing product development investments in areas of API-enabled revenue cycle content, expanded claims statusing, and authorization automation, I am certain we will continue to see strong market demand for our solutions and leverage this investment to further execute on our aggressive growth strategy." The rigorous, 11-step HFMA Peer Review process includes a Peer Review panel review comprising current customers, prospects who have not made a purchase, and industry experts. The Peer Review status of the healthcare business solution and its performance claims are based on effectiveness, quality and usability, price, value, and customer and technical support.