Recondo Technology
Homepage http://www.recondotech.com
LinkedIn Profile https://linkedin.com/company/rec***echno***
HQ Location
United States , Colorado, Greenwood Village8200 East Maplewood Avenue Suite 200 Greenwood Village, CO 80111 United States
Recondo Technology Connects Providers, Payers, and Patients Across the Hospital Revenue Cycle
In the US , annual healthcare spending is $2.7 trillion. The cost of getting paid is more than 17%, or about $460 billion. Compared to other industries, healthcare payment processing is extremely inefficient; e.g., retail settles payments for less than 2% of revenue, and financial services settles payments for less than 1%. If healthcare could settle payments for 10%, savings would exceed $150 billion.
When a patient leaves the hospital without paying the patient portion, the chance of the hospital ever collecting plummets by 60%. — McKinsey, 2010
Incorrect eligibility data accounts for 30% of all denials. — Advisory Board Co., 2011
The Recondo Team pioneered straight-through processing on both Wall Street and other industries, eliminating manual intervention and streamlining transaction flow using sophisticated, powerful rules-based architecture. Recondo helps hospitals:
• Reduce bad debt by collectin
Computer Software Development and Programming
Companies in the computer software industry specialize in developing applications that enable users to perform tasks on their computer systems. This includes operating systems such as Windows or macOS as well as productivity software like Microsoft Office or Adobe Creative Cloud.
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