Contract Management automation is key in ensuring a hospital is being paid accurately. With the ability to model all payer methodologies using outliers, carve-outs, fee schedules, and a variety of groupers, including DRGs, EAPGs, and APC, as well as immediately identify variances and underpayments, hospitals are increasing their net revenue. Does your current contract management solution have the following attributes? · 100% accuracy on expected reimbursement · Loading and maintaining all contracts (hospital, professional, commercial, and government) · Applying all payer methodologies (DRGs, MS-DRGs, APR-DRGs, EAPGs, and APCs) · Going beyond the 80/20 rule (can only provide 80% of payer contracts) · Clarity on variances, underpayments, and payment compliance at time of billing · Simultaneously create numerous models for all payer contracts · Have the ability to reprice all claims in real time · Robust calculation engine that can model down to the service line level · True clarity on what the payer is proposing on a rate increase (sometimes it ends up being a decrease) · CDM price changes on services charges that can have the largest net gains · Reporting on variances, underpayment, and denials #Parathon #ContractManagement #Healthcare #Hospital
Parathon
Hospitals and Health Care
Naperville, Illinois 9,169 followers
Your revenue. Our data-driven solutions.
About us
Parathon is the original full-scale healthcare Revenue Cycle Management (RCM) data integrator. Introduced 17 years ago as the “Parallel Database®”, or PDB®, Parathon is now widely adopted as the standard model for highly scalable enterprise RCM solutions. Parathon assimilates every aspect of cross-platform RCM into one commanding middleware enterprise that functions seamlessly “under-the-waterline” of all legacy systems and the despairing raft of bolt-ons they tow. Parathon delivers sustainable transformation for even the largest Provider networks that have struggled for decades with debilitating financial disintegration and incongruent data models. Parathon brings to Healthcare the essential enterprise financial and operational model that banks, financial institutions, and virtually every other major industry have relied upon for years to maximize profit. Whether managing financial aspects of care strategies, central business office operations, KPI and business analytics, highly complex third-party-payer contractual relationships, or the labyrinth of related transactions, Parathon’s progressive and continually evolving approach to RCM makes it an invaluable and incomparable asset to Providers. Take advantage of the unmatched experience, focus, and expertise Parathon brings from 30 years of cutting-edge healthcare R&D.
- Website
-
http://www.parathon.com
External link for Parathon
- Industry
- Hospitals and Health Care
- Company size
- 51-200 employees
- Headquarters
- Naperville, Illinois
- Type
- Privately Held
- Founded
- 1991
- Specialties
- Patient Responsibility Estimator, RAC Audit Tool, Contract Management System, Patient Support & A/R Services, Financial Reporting/Accounting, Managed Care (Capitation, PHO, IPA), ACO Managed Care Operation, Outsource Entire Billing/Follow-up, revenue recovery, Denials Management, Auto Outsourcing, contract negotiation, and healthcare staffing
Locations
-
Primary
Get directions
1415 W Diehl Rd
Naperville, Illinois 60563, US
Employees at Parathon
Updates
-
The best contract modeling software analyzes both what is currently billed and the expected reimbursement as a base for comparison. Read more: https://hubs.li/Q02G9Y_B0 Post written by Chandler Barron, Forbes Councils Member.
-
We’re excited how Steven Golub, CTO, has been leading Parathon’s technical transformation. #Parathon #CTO #Healthcare #ContractManagement #pressrelease
Parathon Names Steven Golub Chief Technology Officer https://lnkd.in/g9pZQ8h2 #HealthTech #InformationTechnology #ITDigest #networkinginfrastructure #news #Parathon #revenuecyclemanagemen
Parathon Names Steven Golub Chief Technology Officer
https://itdigest.com
-
100% Accuracy 100% Data 100% Satisfied Partnering with Parathon unlocks a world of benefits for your hospital's revenue department. We've got you covered. #Parathon #ContractManagement #RevenueCycle #ParallelDatabase
-
-
Our goal is to “always be improving” in order to make a difference in the world. We are dedicated to supporting health systems and hospitals as they provide care for patients throughout the United States. "Optimism is a strategy for making a better future. Because unless you believe that the future can be better, it’s unlikely you will step up and take responsibility for making it so. If you assume that there’s no hope, you guarantee that there will be no hope." #Parathon #Healthcare
-
-
It's wonderful when a community that doesn't have a local acute hospital, is able to have that regional need filled. Congratulations to the Friendswood TX community! #FriendswoodCommunityHospital #CommunityHospital #Parathon #ContractManagement #Healthcare
Friendswood’s first hospital to open this year
communityimpact.com
-
Just because our technology for hospital Contract Management is unmatched, doesn't mean we don't also hold ourselves to the highest standards with customer service. We strive to remain the best at what we do, to help the hospital revenue staff be the best at what they do! #Parathon #ContractManagement #RevenueCycle #PriceTransparency #Denials #Underpayments
-
-
🌟 You Belong at the HFMA Annual Conference! 🌟 At the HFMA Annual Conference, you'll find more than just a gathering of peers; you'll discover a community where genuine friendships flourish, ideas are tested in a safe and supportive environment, and lifelong learning takes center stage. 👭 Reconnect with colleagues who share your passion and drive 💡 Exchange insights with industry leaders 🔎 Explore innovative solutions together 📈 Advance your career 🏠 Belong to a network that feels like home Join us to learn cutting-edge strategies, make powerful connections, and shape the future of healthcare finance. You belong here! https://hubs.ly/Q02zDJkW0 #HFMAAnnual
-
-
-
-
-
+3
-
-
When being interviewed for Authority Magazine, Chandler Barron shares how the financial health of a hospital affects the health of a community. It’s important for hospitals to get 100% of the reimbursements from the Payers they are owed. This affects patient care much more than most people realize. We’re proud that Parathon Contract Management and associated Recovery solutions help hospitals continue to serve their communities. - - - - #AuthorityMagazine #Parathon #Healthcare #Revenuecycle #ContractManagement #ParallelDatabase #Oracle #LarryEllison
Health Tech: Chandler Barron Of Parathon On How Their Technology Can Make An Important Impact On…
medium.com