SOURCE: Context4 Healthcare

Context4 Healthcare

March 23, 2011 06:00 ET

Eldorado and Context4 Healthcare, Inc. Announce Comprehensive Partnership for Usual, Customary and Reasonable Fee Schedules

Partnership to Provide Eldorado Clients With a Truly Autonomous Source of Usual, Customary and Reasonable Fee Data

NAPERVILLE, IL and PHOENIX, AZ--(Marketwire - March 23, 2011) - Context4 Healthcare, Inc., a leading provider of database and software solutions for reimbursement challenges in the healthcare industry, today announced a partnership with Eldorado, a division of MphasiS and part of the Hewlett Packard family of companies, for use of Context's Usual, Customary and Reasonable (UCR) fee benchmarking database. This partnership empowers Eldorado's clients with the ability to make the best reimbursement decisions for their specific business needs.

"Over the past few years, the healthcare industry has experienced a great deal of turmoil related to the reliability of UCR fee databases available to help establish appropriate out of network rates," notes Mark Earles, CEO of Context4 Healthcare. "With over one billion new data points incorporated annually and a time tested methodology, our UCR Fee Databases provides one of the most reliable solutions available to assist payors in determining fair and reasonable reimbursement rates. While many of Eldorado's clients have used this solution for years, clients using Eldorado's newest ASP based solution, Javelina and legacy solution HEALTHpac, now have access to this highly defensible and current source of healthcare fee data," Earles says. 

Thomas Castleberry, Vice Chairman and CEO for Eldorado, states, "Eldorado is pleased to announce our new expanded partnership with Context4 Healthcare. Context is an independent provider of UCR fee schedules and data products and their database solutions provide a comprehensive source for UCR, coding, fee and reimbursement information. Context4 Healthcare shares Eldorado's unique understanding of customer caring and is the perfect partner for us to offer these solutions for our clients."

"Our partnership brings together one of the leading claims management systems with some of the most reliable reimbursement tools available to healthcare payors today and we look forward to a successful relationship with Eldorado and our shared approach to excellence in customer service," adds Earles.

About Context4 Healthcare
Headquartered in Naperville, Ill., Context4 Healthcare, Inc develops software solutions to solve complex medical claims coding, claim editing and reimbursement challenges. Context's software and data products enable healthcare providers and payors to reduce claim errors, denials and claim-handling costs. Privately held, Context4 Healthcare is not affiliated with any payor or provider organization. More than 3,500 physician practices, hospitals, insurance carriers, third party administrators and managed care organizations currently use Context4 Healthcare products. Learn more at www.context4healthcare.com.

About Eldorado
Based in Phoenix, Ariz., Eldorado, a division of MphasiS, an HP Company, specializes in health insurance application development, business process outsourcing (BPO) services, IT engineering and operational consulting. The company serves the full spectrum of organizations nationally and internationally engaged in managing health benefit plans including third party administrators (TPAs), health plans, employers and self-insured organizations. Together, Eldorado customers manage 5 million lives and handle 35 million claims annually. For more information, contact 602.604.3100 or visit www.eldoinc.com.

Contact Information

  • Contact:
    David Terry
    Context4 Healthcare, Inc.
    630-321-2976
    Email Contact