A-Life Medical, Inc. Introduces New Reconciliation Solution For Healthcare Industry
RecoverIt™ Designed to Maximize Revenue by Properly Reconciling Required Reimbursement Data for Prompter Processing and Payment
SAN DIEGO … October 12, 2009 … A-Life Medical, Inc., the pioneer and leading provider of computer-assisted coding (CAC) products and services to the healthcare industry, announced today that it is introducing its newest reconciliation solution, RecoverIt™.
The new RecoverIt™ product will be launched during the Radiology Business Management Association (RBMA) 2009 Fall Educational Conference to be held October 11-13, 2009 at the Sheraton Wild Horse Pass Resort & Spa in Phoenix. Demonstrations will be available at A-Life’s booth #603.
RecoverIt™, the first true reconciliation solution for the healthcare industry, is designed to automate and reconcile the charge capture process and is a fully scalable web-based tool. RecoverIt™ maximizes revenue by appropriately reconciling all necessary data required for the healthcare reimbursement process.
Targeted for any organization that directly bills for healthcare outpatient services, RecoverIt™, offers real-time visibility into the reconciliation process allowing outpatient medical billers to reconcile all healthcare information that has been processed for reimbursement. RecoverIt™ provides complete coverage of all aspects of reconciliation using a platform based on five separate modules that focus on the beginning for the revenue cycle.
RecoverIt™ expedites billing turnaround time and the recovery of unrealized reimbursement by identifying lost data and eliminating reconciliation errors such as those related to transcription and patient demographics. This product and its automated processes enables medical billers to improve relationships with hospitals and physicians; identify system problems that affect the integrity and reliability of the revenue cycle; and recognize highlighted, detailed problem areas within the billing cycle.
“Improper reconciliation in the upfront process of collecting all patient encounter data is the primarily culprit in delaying rightful revenue collection. A-Life’s RecoverIt™ solution confronts this head on by addressing the issues medical billers face when processing data for reimbursement.
“RecoverIt™ helps to omit and/or resolve charge capture errors quickly and efficiently so that physicians, groups and practices can quickly recover potential revenue lost in the charge capture process. It provides the most efficient solution currently available since it completely captures and audits the reconciliation process. We believe that RecoverIt™ will aid coders, billing clerks and those administrative personnel responsible for reimbursement obtain payments more quickly, efficiently and seamlessly,” said David Byrd, vice president, business development at A-Life Medical.
About A-Life Medical, Inc.
San Diego-based A-Life Medical, Inc. is the pioneer and leading provider of computer-assisted coding products and services for the healthcare industry. Using its proprietary and patented Natural Language Processing (NLP) technology, LifeCode, A-Life deciphers electronic transcribed patient encounters via the Internet through its data center, which are then appropriately coded for reimbursement purposes.
A-Life’s solutions address medical coding needs within the physician and hospital sectors. The company processes more than five million transactions monthly, has thousands of users and provides coding services to more than 40,000 physicians nationwide. Its customers include medical billing companies, physician groups, university medical centers and hospitals. For more information, please visit www.alifemedical.com.