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 goes beyond today’s Industry 4.0 artificial intelligence standards by elevating Revenue Cycle Management from artificial to real intelligence: no estimations, no guessing. It addresses 100% of claims from 100% of payers with 100% accuracy. Parathon incorporates thirty years of developing the industry’s most advanced and comprehensive intellectual property in healthcare RCM. We combine our IT platform, foundational databases, calculation engine, and our core Managed Care applications which reproduce all financial data found in Legacy EMR systems. Our proprietary Parallel Database (PDB) ultimately consolidates all revenue cycle information into a single systemwide enterprise.
Parathon has recovered billions of dollars on behalf of hospitals, health systems, and physician groups through our first-in-class Revenue Intelligence Services. Unlike other RCM vendors, Parathon does not rely on EMR or other Legacy systems to perform revenue follow-up services. Our collection consultants work exclusively in the Parathon Parallel Database (PDB) utilizing Parathon’s patented RCM technology to process claim receivables that would otherwise prove difficult, if not impossible, for hospitals or other vendors to collect. Allow us to show you how our services can transform your collections by scheduling a complimentary consultation with our expert team.
Parathon’s comprehensive Price Transparency Tool meets all requirements under the new CMS Price Transparency Final Rule, offering a simple and cost-effective solution to bring your hospital into full compliance with the law. Effective January 1st, 2021, hospitals are required to provide accessible pricing information to patients by publishing a comprehensive machine-readable file with all items and services and a consumer-friendly display of shoppable services (Public Health and Service Act Section 2718(e)). Due to the extensive and detailed requirements of this law, many hospitals continue to fail CMS compliance checks and face severe monetary penalties for inadequate compliance efforts. Parathon’s Price Transparency Solution ensures all necessary compliance terms are met and removes the uncertainty surrounding Price Transparency.
