ClearCycle is the leader in Finance and Disbursement Management technology. Since 1983, we have provided payment solutions to a wide cross-section of major American companies in Healthcare, Insurance, Retail, Manufacturing and Logistics businesses. Each day, ClearCycle Disbursement systems process over $1 billion in healthcare insurance claims payments, as well as pharmacy, vendor and other paymen
t types. Our payment systems optimize cash flow, reduce payment costs, and increase management control. We offer complete enterprise solutions for all types of payments. We use the latest technology, as it evolves, and deliver solutions that increase security, add operational capabilities, reduce costs, and provide new tools which assist management in controlling positive cash flow. For over three decades, ClearCycle has consistently fulfilled the challenge of providing effective, money-saving cash management systems. Time and again, in a wide range of industries, our systems have provided efficient finance and disbursement solutions to increase payment efficiency at lower cost. ClearCycle has been an innovator in helping customers to manage and resolve their most complex financial payment processes. We understand that our customers need solutions that improve their administrative efficiency, create costs savings, and provide market insights that allow them to do business better. We excel at providing clients who face unique challenges with technology solutions that are straightforward, affordable, user-friendly, and easy to implement. Our Financial Information Management tools are based on a new longitudinal relational database model and designed to support both print and electronic delivery of information. Our new tools enable the analysis and reporting of all transactions over the entirety of their life-cycle as well as their integration with other data and further analysis on any client defined level. The tools facilitate online account statements and direct access to reports and information from whatever internal or external groups the client wishes to enable. ClearCycle offers our full capabilities as an in-house operation or as a ClearCycle service utilizing our ASP platform. Our proven solutions were developed in close collaboration with our clients. We plan to continue that approach, which allows us to provide effective solutions that match your reality with market demands and future needs. We are specialized in insurance claims and financial information management, and you as our client, will continue to experience rapid and ongoing return on your investments. This is achieved as a result of operational improvements, transaction life-cycle management cost savings, and improved tools to manage industry challenges such as audit, legislative or legal compliance. Above all else, ClearCycle will continue to value long-lasting, meaningful business relationships with clients and partners. Our Focus
Our vision is to transform financial and disbursement management processes to enhance efficiency and lower the cost of operation through our innovative capabilities and solutions delivered with passion, integrity and quality. Our Healthcare mission is to improve our clients’ profitability and reduce our country’s Healthcare costs by transforming the Healthcare financial transactions and optimizing the Healthcare revenue cycle. Our Values
• Leadership
• Innovation
• Thinking big
• Continuous improvement
• Trust
• Integrity
History:
Founded in 1983, the company introduced its Disbursement Management System (DMS) the same year. DMS is used in a cross-section of industries by many well-known companies for enterprise-wide disbursement control and float management applications. Invoice Control System (ICS) was introduced in 1988 to strategically manage the complexities of paying vendors. Beginning in 1989, the company introduced the first of two systems specifically designed for high volume claims payment applications. Claims Management System (CMS), a cousin to DMS, to optimize cash flow and systematically control credit risk. In 1994, Payment Release Optimizer (PRO) was introduced using an innovative new design for producing financial documents and payments in claims payment applications. PRO allows innovative new payment practices, improves subscriber/provider forms, reduces printing and finishing demands, and saves CPU time. In 1998, ValuPay™ was released. It is a powerful database driven application giving management the ability to orchestrate all disbursement functions across the enterprise to effectively meet its objectives. It processes all types of payments (such as vendor payments, payroll, exception checks, and so on) using traditional paper and electronic methods. This richly featured, robust 32-bit software system written for Windows© NT/2000 provides comprehensive on-demand information, security delegation, rapid integration, and custom form design, along with other innovations making ValuPay the best solution for today and a bridge to the future. In 2001, Suspense, Inquiry, & Reversals (SIR) was released. It stores data about the claims, payments, documents, and recipients involved in payments and transactions. It provides data and online screens to support inquiries, and provides online tools to handle voids, stop payments, re-issues, and reprints. Checks can be voided and replaced without reprocessing claims. The tools are provided to control automatic collection of loans and prepayment advances, IRS withholding and liens, garnishments, and payments to estates or powers of attorney. It provides tools and suspense processing to process payments returned by providers with minimum operator/adjuster intervention. It provides controls to track and report the status of "suspense" transactions in process. In 2001, the three modules (CMS, PRO, and SIR) were integrated under the UCDS™ (Universal Claims Disbursement System) product suite umbrella. In 2004, ClearCycle released the client server version of UCDS. In 2006, ClearCycle introduced UCDS to the Pharmacy Benefit Management industry to support Medicare Part D and new emphasis on transparency. In 2008, ClearCycle released WebUCDS™, a secure stand-alone web-based product that interfaces with UCDS and ValuPay to allow inquiry of payment information using a web browser. In 2009, ClearCycle enhanced UCDS to administer the International Classification of Diseases ICD-10 code sets. In 2010, UCDS was modified to comply with the HIPAA electronic transaction standards, version 005010 (5010). These systems are used in health care, insurance, retailing, distribution, manufacturing, and financial services. A phased approach is taken for each implementation: ClearCycle partners with clients to define the business requirements, custom designs a cost justified solution, installs the system, and provides training through live operation. Customer support services are unequaled with 24/7 support for both software and operations. Our depth and breadth of experience uniquely qualifies us as the leader in custom designed financial disbursement solutions
Corporate Social Responsibility
Our Promise is to be the catalyst for positive transformation and bring social and environmental impact improving
