SaaS revenue solution ups revenue by $35 mn

 ILLINOIS: Providence Health & Services has signed an agreement to expand the breadth of services provided to the multi-hospital system, as announced by Concuity, a Healthcare Division of Trintech.

Providence Health & Services has, based on the success achieved to date, extended its agreement to include the addition of four more facilities using the ClearContracts software-as-a-service revenue management solution from Concuity.

"The expansion of our relationship with Concuity is a reflection of working with a company that understands our needs, as well as the hospital managed care and business office functions. They have proven time and again that they can deliver significant financial improvement within our organization. Since implementing ClearContracts into our organization we have increased collections by over $35 million in the course of 5 1/2 years, while improving our contracting capabilities significantly," stated Matt Blackmore, manager of Contract Compliance for the Washington/Montana Region of Providence Health & Services.

The expanded agreement includes an extension of Concuity's ClearContracts solutions to the 16 hospitals located in the Washington, Alaska, Montana and California regions of Providence Health & Services. Providence uses ClearContracts for all contract management functions including accounts receivables management, account recovery, management reporting and managed care contract negotiations.

Providence Health & Services is a not-for-profit health system committed to providing a comprehensive array of services to meet the needs of communities across five states, including Alaska, Washington, Montana, Oregon and California.

Providence continues the legacy of the Sisters of Providence and the Sisters of the Little Company of Mary in the West spanning more than 150 years.