Connance launches new, expanded RCM components

Connance, a predictive analytic technology company, has unveiled new and expanded components to its revenue cycle analytics suite.

These include patient pay and reimbursement optimization solutions, which leverage predictive analytics.

Here are four things to know about the solutions.

1. Connance Patient Financial Clearance is a patient-centric financial interaction solution. Officials said it features "a complete financial view of the patient." Through the

new payment portal, patients also have various options for payments, including payment plans.

2. Patient Stratification and Payment facilitates the patient payment process. This offering now includes comprehensive digital communications and a payment portal to complement Connance's Advanced Propensity to Pay and Payment Plan analytics.

3. Connance also has a new deployment option for its Vendor Management solution. In less than six weeks, Vendor Management provides actionable insights to support optimally designed vendor networks, compare agencies' performance inside and outside of a vendor network, increase cash collected, decrease agency fees and ensure agency compliance, officials said.

4. Connance has made three new additions within the Reimbursement Optimization solution, according to the company. The company has launched Missing Charge ID to help providers recover up to 1.5 percent of revenue leakage through advanced predictive analytic technology. Connance Denial Management optimizes claims follow up, denial management and prevention. Finally, Connance now offers Claims Statusing, which provides automated claim status updates directly from payers' websites.

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