Our recovery services work alongside our proprietary technology. Parathon’s progressive and continually evolving approach to revenue cycle makes it an invaluable and incomparable asset to Providers.
Parathon has the world’s most powerful Revenue Intelligence Software that unlocks healthcare ROI. We combine our IT platform, foundational databases, calculation engine and our core Manager Care Application.. Our foundational database reproduces the data elements found in the Customer’s legacy systems. From there we create and maintain a Parallel Database (PDB) for each of the Customer’s legacy systems. We will then consolidate the revenue cycle information into a single system wide view.
Parathon has the only Artificial Intelligence (AI) driven recovery services. Over the years we have recovered billions of dollars on behalf of hospitals, health systems, and physician groups. Parathon’s Revenue Intelligence Services work alongside its proprietary technology to generate immediate cash flow. Revenue Intelligence Services include Insurance Follow Up, Clinical and Technical Denials, Denials Management, Specialized Emergency Department Claims Recovery Services, and Underpayments – Managed Care.
Parathon now offers a Price Transparency Solution. In accordance with Section 2718(e) of the Public Health Service Act, Price Transparency is now required for Health systems and became effective January 1, 2021. Many are still failing compliance checks and require assistance with this. Parathon’s Price Transparency solution meets all requirements under the CMS Price Transparency Final Rule. This regulation has two main components of public disclosure of hospital charges.
