Recondo Technology joins HL7 International as organizational member

Recondo Technology, a leading provider of revenue cycle solutions for the healthcare industry, announced today that Recondo has become an Organizational Member of Health Level Seven® International, the global authority on standards for interoperability of health information technology. Health Level Seven has members in over 55 countries. The Health Level Seven (HL7) vision is to create the best and most widely used standards in healthcare.

Founded in 1987, HL7 is a nonprofit organization composed of more than 4,000 members worldwide, including healthcare vendors, providers, payers, government agencies, and others. In the US alone, 90 percent of the largest health information system vendors are HL7 members. HL7 provides standards for interoperability that improve care delivery, optimize workflow, reduce ambiguity, and enhance knowledge transfer among all its stakeholders.

"Recondo embraces the HL7 standards to offer our customers consistent and solid transactions across applications, databases, and software services," said John Magee, Recondo Vice President of Customer Operations. "The healthcare industry regularly uses hardware and software systems that were created more than 30 years ago, and these legacy systems share communication and data with new and robust applications and software services. With the HL7 standards, guidelines, and methodologies, healthcare systems can communicate, share information, and process data consistently and uniformly. We're developing our software services to use HL7 standards to help streamline connectivity and data across virtually all healthcare computing platforms."

According to a McKinsey study, it costs the US healthcare industry 15 percent of every dollar to collect payment, while retail takes 2 percent and financial services requires only 1 percent to collect. This excessive administrative overhead contributes greatly to the cost of US healthcare. All Recondo software services are developed using a new generation of high-volume, high-speed rules processing, delivering performance, speed, and the ability to handle ongoing changes in a highly complex business environment. Combining standards, such as HL7, with sophisticated rules processing systems significantly reduces administrative costs in the hospital revenue cycle.

SOURCE Recondo Technology