CDS Software, makers of CollectOne (collectone.com) and Dorado Systems Inc. (doradosystems.com) announced today the two companies will be partnering to offer Dorado Systems’ doradoRecover solution to CollectOne users.
Approximately 25% of all healthcare claims are denied. Nearly half of these are due to eligibility issues, including accounts incorrectly labeled as “self-pay”, when valid insurance coverage is actually available. doradoRecover will help CollectOne clients identify this coverage and reclaim millions of dollars from insurance companies for claims at risk of being, or having already been written off as bad debt.
“While searching for vendor partners that could address the growing healthcare collections vertical in the ARM industry we discovered Dorado’s solution” said Brett Menzie, Director of Sales at CDS. He continued “the success of our clients is our success. Giving our clients another avenue to reduce collection costs and recover more revenue naturally made sense, thus the partnership with Dorado Systems.”
Dorado Systems allows customers to batch verify multiple patients across more than 600 payers. They offer custom search queries and reports to manage only the information you need. Dorado is fully accredited by the Electronic Healthcare Network Accreditation Commission (EHNAC) for demonstrating excellence in processing health data transactions in compliance with industry-established standards and HIPAA regulations.
“We are excited to partner with CDS Software in bringing our doradoRecover solution directly to CDS’ s esteemed client base. Dorado Systems looked long and hard at the healthcare ARM software industry and we found CDS Software aligns with Dorado’s commitment to excellence”, said Scott Brownlee, Chief Compliance and Privacy Officer at Dorado Systems. “We look forward to providing CDS’ s healthcare clients with a formidable tool that will increase their revenues and profit margins substantially”., Brownlee added.
About Dorado Systems
The country’s largest firms and institutions across the spectrum of healthcare, insurance, technology, and education partner with Dorado Systems to transmit and receive the data that power their businesses. Users leverage Dorado’s industry-leading network of more than 600 direct connections to Medicaid, Medicare, and its wide platform of EDI tools and applications to rapidly process complex transactions and make more accurate decisions. By streamlining operations, maintaining efficient communication between providers and payers, and turning data into actionable information, Dorado Systems helps clients protect revenues and reduce costs. To learn more about Dorado Systems, visit http://www.DoradoSystems.com or call (855) 770-8048.
About CDS Software
A proven leader in collection software solutions, CDS Software has been an innovator in the accounts receivable management industry for over 45 years. Developing the industry’s first collection software solution in 1970, it revolutionized the way accounts were managed. Its award winning CollectOne software is a single-source debt collection solution that provides the flexibility to manage multiple debt categories and the scalability to eliminate the necessity of upgrading software applications to meet growing business needs. To learn more about CollectOne visit http://www.CollectOne.com or call (888) 816-3333.