GREENWOOD VILLAGE, Colo., Oct. 17, 2011 /PRNewswire/ -- Recondo Technology, a leading provider of revenue cycle solutions for the healthcare industry, announced today that Sheila Schweitzer, a leader and innovator in US healthcare, has joined the Recondo Board of Directors. Ms. Schweitzer comes to Recondo after a successful six-year tenure as CEO of CareMedic, acquired by Ingenix in December 2009. CareMedic delivered high-value, end-to-end solutions to streamline cash flow and speed the reimbursement process, helping customers manage the complexity of the revenue cycle to increase their bottom lines.
Prior to CareMedic, Ms. Schweitzer held senior executive positions with MedUnite, Presideo, and ENVOY. Additionally, she has served on the Advisory Board of NDCHealth and as a consultant to Wellpoint Health Networks, the National Blue Cross Blue Shield Association, and Mysis, and several other organizations. She has also testified before the US Congress on the standardization of electronic healthcare claims transactions and before the Ministers of Health of the European Union on electronic transaction processing. Ms. Schweitzer was awarded the Person of the Year award by the HIMSS Medical Banking Project, and, in 1993, was nominated as Entrepreneur of the Year in Louisville, Kentucky. She currently holds Board seats at National Electronic Attachment, the leader in claim attachment technology; and Phasient, a web-based training company.
"Sheila is a valuable addition to our Board of Directors," said Rick Adam, Recondo Founder and CEO. "She brings her experience and contribution to healthcare, and her knowledge of this industry will help Recondo immensely as we continue our rapid growth curve. Sheila will help Recondo on many levels, especially with trends and best practices in electronic healthcare transaction processing, direct and indirect sales strategies, and planning for growth."
"I look forward to working with the Recondo Board of Directors and Leadership Team," said Sheila Schweitzer. "I've watched the company mature over the past four years and I'm eager to help in any way possible. Recondo software services are recognized as advanced technology, and our individual and collective efforts will be directed to streamlining the revenue cycle in US hospitals."
About Recondo Technology
Recondo Technology delivers powerful software services connecting patients, providers, and payers across the spectrum of US healthcare. Recondo services bring efficiencies and cost savings to healthcare payment processing, which currently costs US healthcare a staggering $425 billion in annual expense. Recondo services automate the revenue cycle and payment cycle, from pre-scheduling to adjudication, with virtually no manual intervention.
Authorization/Denial Prevention (Auth-DP™) increases cash flow by reducing a hospital's costly payer denials. Auth-DP identifies precertification requirements and authorization at the front of the revenue cycle, increasing authorization coverage and reducing denials by as much as 75 percent.
SurePayHealth® offers an accurate statement of patient financial responsibility at Point of Service, verifying patient identity, eligibility, and benefits, and accurately calculating the patient fee. After activating SurePayHealth, hospitals increase cash collections by tens of thousands of dollars every month.
EligibilityPlus™ gives hospitals the most complete view of government and commercial insurance benefits available in the industry. With a complete understanding of insurance benefits, hospitals immediately identify specific coverage, simplify patient registration workflows, reduce claim rework, and assess patient liability.
ClaimStatusPlus™ automates the process of retrieving the status of open claims, and allows hospital staff to segment claims conforming to the specific process adopted by each hospital, then work each claim by various priority standards. Claim Status significantly reduces the time and effort to identify, track, and process claims.
Recondo services are delivered as Software as a Service (SaaS), requiring no capital budget and no additional hardware or software installation. Recondo applications are developed using high-speed, high-volume rules-based processing, giving hospitals unmatched and immediate access to real-time data. Visit Recondo Technology at www.recondotech.com.
Recondo, SurePayHealth, ReconBot, and Powered by Recondo are registered trademarks of Recondo Technology. EligibilityPlus, Auth-DP, Omni278, Financial Medical Record, Financial Assistance, ClaimStatusPlus, AllPayHealth, and Patient Resource Management are trademarks of Recondo Technology. All other trademarks and registered trademarks are the property of the respective trademark holders.
SOURCE Recondo Technology