Corporate History

Founded in 1995 with a mission to modernize revenue intelligence management for healthcare providers, we set out to simplify the experience and enable technology that improves our customers’ financial health across the care continuum.

Over three decades, Parathon has processed over 3 billion claims, reduced A/R days by 45% on average, and helped providers recover $6.5B in lost revenue. We have been at the forefront of healthcare revenue cycle innovation, continuously evolving to meet the complex needs of hospitals, health systems, and physician groups nationwide. Explore our timeline below to discover key milestones, technological advancements, and strategic partnerships that have shaped our journey and positioned us as industry leaders dedicated to optimizing financial performance and enhancing patient care.

As we enter our next decade, we’re doubling down on AI-powered insights to ensuring healthcare organizations thrive financially while delivering exceptional care.

1992

Claims Clearing, On-line Eligibility and Claim Status Inquiries

Our founders executed the first successful real-time electronic Eligibility and Claim Status inquiries while also becoming one of the first electronic Claims Clearing Houses principally serving the physician market.

1995

Capitation Administration Software

2000

Robust Calculation Engine

By adapting comprehensive claims adjudication functionality from CommuniCap, Parathon introduced powerful daily payment compliance software allowing hospitals to verify that Third Party Payer (TPP) claim reimbursement was compliant with hospitals’ TPP contracts. We refer to this as the First Pillar of Parathon Contract Management.

2001

Parallel Database^® (PDB^TM)

Parathon’s Parallel Database integrates all financial and patient accounting data from legacy EMRs into our proprietary PDB^TM. We created the first and only system that consolidates all revenue cycle EMRs and bolt-on silos into a true single-enterprise solution.

2002

TPP Contract Modeling

Parathon introduced contract modeling allowing hospitals to accurately determine if new and updated TPP contract proposals will reimburse what the TPP represents. We refer to this as the Second Pillar of Parathon Contract Management.

2008

Charge Data Master Price Sensitivity Analysis

The first and most complex tool for micro-analyzing a CDM to maximize TPP reimbursement using billions of price combinations and permutations. We refer to this as the Third Pillar of Parathon Contract Management.

2012

Core RCM Enterprise Platform

We developed a comprehensive workflow manager into Parathon’s Three Pillars of Contract Management; we added a robust reporting tool and integrated it all into Parathon’s PDB® to create a simple but powerful RCM platform.

2015

Cloud-Enabled SaaSM

As the internet transformed data processing technology, we made significant data and interface enhancements to Parathon that allowed providers optimized SaaS access and the ability to take advantage of the model’s advanced features, particularly related to security and disaster recovery.

2018

Revenue Recovery Services

In response to client requests for outsource assistance collecting balances related to complex claims, denials, and underpays, we added an expert staff of collectors to provide follow-up services.

2020

Transforming RRS to Parathon Recovery Services

Revenue Recovery Services were dramatically enhanced and internally integrated into Core Parathon to allow our staff to administer the total outsource of Providers’ Patient Financial Services (PFS) and Central Billing Offices (CBO) functions.

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