Parathon

What Parathon is

Parathon provides revenue cycle management software and services for hospitals, health systems, integrated delivery networks, healthcare facilities, and physician groups. Its suite includes healthcare contract management, patient responsibility estimation, denials management, patient-facing estimates, collection worklists, and contract modeling. The proprietary Parallel Database consolidates revenue cycle and patient accounting data from legacy EMRs into an enterprise-wide system. Contract modeling helps providers evaluate reimbursement from third-party payers. The Patient Responsibility Estimator uses real-time eligibility and benefits data from commercial and Medicare payers to estimate out-of-pocket responsibility. Denials Management supplies worklists for monitoring, working, and routing denied claims, while Collection Management uses event-driven worklists for accounts receivable follow-up and claim resolution. Services address denials, underpayments, zero-balance claims, and claims without payer response or payment. Price transparency tools include a machine-readable standard charges file and a patient estimator. Parathon says this solution is designed for CMS Price Transparency Final Rule requirements and audit-ready pricing data. Web access is listed, and pricing is available on request. The company was founded in 1995.