Post-N-Track Chooses Best-in-Class Thomson Reuters Treatment Cost Estimator to Improve Transparency and Lower Costs

System provides open, interoperable, highly accurate cost estimation to health plans and providers - Post-N-Track Corporation announced today that it will begin delivering the Thomson Reuters Consumer Advantage™ Treatment Cost Calculator within its real-time web services platform. The seamlessly integrated system will allow healthcare providers to meet consumer cost transparency needs while reducing the likelihood of bad debt from their patients.

Wethersfield, Conn. (PRWEB) May 11, 2009

Post-N-Track Corporation announced today that it will begin delivering the Thomson Reuters Consumer Advantage™ Treatment Cost Calculator within its real-time web services platform. The seamlessly integrated system will allow healthcare providers to meet consumer cost transparency needs while reducing the likelihood of bad debt from their patients.

Already a technology leader in open and interoperable real-time connectivity, Post-N-Track now addresses the considerable challenge of providing highly accurate and meaningful estimates of a patient's liability at the point of service. While most cost estimators either lack accuracy, or fail to cover enough procedures or to provide personalized estimates to make them meaningful, the Thomson Reuters Treatment Cost Calculator meets all three of these needs.

"Health plans must have highly accurate patient-liability estimation to optimize their provider relations and revenue cycle management strategies," said David Crean, senior vice president of Thomson Reuters, noting that real-time adjudication is still in its infancy in terms of adoption, business processes and technology. "Patient-liability estimation can be immediately applied across a vast array of professional, outpatient and inpatient claims," said Crean, "while real-time adjudication can only be applied to a smaller subset of claims that are less complex and have less price variability. This partnership will allow health plans to pursue an approach based on their topmost market and fiscal priorities."

"The majority of the bad consumer debt that providers experience is due to more complex inpatient and outpatient claims," said Allen DeGraw, founder and CEO of Post-N-Track. "Unfortunately, these complex claims are often beyond the capabilities of real-time adjudication systems. By adding highly accurate cost estimation from Thomson Reuters to our existing connectivity and communications platform, we can make it easier for health plans large and small to help their providers to collect timely payments from their consumer-directed and high-deductible health plan members, while at the same time helping them to pursue real-time adjudication of less complex claims."

Through this partnership, Post-N-Track can now seamlessly embed the robust Thomson Reuters solution within its existing eligibility workflow. The integrated system, which can be operational in as little as 120 days, gives providers the ability to estimate patient responsibility at the point of service with no extra steps and no departure from their normal workflow.

About Thomson Reuters
The Healthcare business of Thomson Reuters produces insights, information, benchmarks and analysis that enable organizations to manage costs, improve performance and enhance the quality of healthcare. Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial, legal, tax and accounting, scientific, healthcare and media markets, powered by the world's most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs more than 50,000 people in 93 countries. For more information, go to http://www.thomsonreuters.com.

About Post-N-Track
Post-N-Track Corporation provides a new generation of solutions for the transaction and information intensive healthcare industry that deliver a comprehensive alternative to transaction intermediaries for communicating administrative, financial and clinical transactions and information. Post-N-Track's "Software as a Service" (SaaS) delivery model provides customers with efficient and flexible access to Web services and Web tools designed for real-time, high performance transaction delivery and management. Post-N-Track enables direct "posting" and "tracking" of ANY transactions and information between transaction recipients, such as health plans and ANY transaction submitters (physicians, clinics, hospitals, billing entities, clearinghouses, employers and others) of ANY size. Post-N-Track is a privately held company headquartered in Wethersfield, Connecticut. To learn more about Post-N-Track, visit the company at http://www.post-n-track.com or call 860.257.2030.

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