-
About Us
Founded by senior healthcare executives in 2007, Connance is addressing the unique challenges healthcare providers face of collecting revenue from patients. Collaborating with leading health systems and accessing Fair Isaac's proven world-class technology and expertise in predictive analytics, Connance delivers web-based solutions that help hospitals manage the increasing number of uninsured patients and patients with balance-after insurance liability.
The growing pool of patients with payment responsibility is becoming increasingly difficult to manage and existing solutions are flawed. The collection period for patient balances can be 6 months or longer and consume substantial business office resources. Clinical relationships are often damaged during lengthy collection efforts.
What makes Connance unique?
- Only focused on patient collections: Connance is solely focused on the unique challenges that providers have with collecting accounts from uninsured patients and patients with copays and deductibles.
- Built on actual patient payment experience: Connance solutions draw upon research of historic patient billing and collection experience.
- Exclusive Fair Isaac development partnership: Connance 's relationship with Fair Isaac brings decades of leadership in advanced predictive analytics to healthcare's self-pay challenges.
- Purpose-built products: Connance solutions are developed to address the unique challenges of the healthcare industry. Ethics, regulatory requirements and the complex nature of managing healthcare patient revenue, require an approach that is substantially different from those used in other industries and from other healthcare revenue classes.
- Ongoing provider-supported research: Connance maintains a substantial ongoing research effort focused on patient revenue trends and opportunities for industry learning. This research, designed in collaboration with leading providers, generates insights for participating providers to utilize independent of Connance products.
Compliance, Privacy and Security
Connance research and products are designed and maintained to ensure full regulatory compliance with the Health Insurance Portability and Accountability Act (HIPAA). Connance's physical, administrative and technical measures ensure the confidentiality, integrity and availability of all protected health information. Connance does not own any individual or identifiable patient financial or medical information nor does it sell such information as part of its business solutions.
-
Connance…By Providers, For Providers