Parathon

JSON twin: https://www.healthaidb.com/software/parathon.json

Company Name

Parathon

Product URL

https://www.parathon.com/solutions/revenue-intelligence-software/

Company URL

https://www.parathon.com/

Categories

• administrative Operations
• patient Facing
• diagnostic Support
• financial Management
• contract Management
• revenue Cycle
• price Transparency
• healthcare Software Solutions
• Administrative
• Diagnostic
• Financial
• Denials Management
• Patient Estimation
• Revenue Cycle Management
• Healthcare Software

Summary

Parathon offers AI-driven revenue cycle management software that enhances healthcare financial operations with precision and transparency.

Description

Parathon provides a comprehensive suite of revenue intelligence software solutions designed to optimize healthcare revenue cycle management. Their proprietary Parallel Database® (PDB™) consolidates all revenue cycle data into a single, enterprise-wide system, ensuring 100% accuracy in processing claims from all payers. Key features include Healthcare Contract Management, Patient Responsibility Estimator, Denials Management, Patient Facing Estimator, Collection Management Work Lists, and Contract Modeling & Price Sensitivity. Parathon's services have successfully recovered billions of dollars for hospitals, health systems, and physician groups, demonstrating their effectiveness in improving financial outcomes. Additionally, Parathon offers Price Transparency Solutions to assist healthcare providers in complying with CMS regulations, further enhancing patient trust and financial clarity.

Api Available

yes

Certifications

Company Founding

1991

Company Offices

• United States

Compliance

• HIPAA
• HITECH

Customers

• Skagit Regional Health
• Endeavor Health
• Honor Health
• Baton Rouge General

Data Residency

Primarily US-hosted (Naperville, IL); regional hosting options via implementation/contract may be available

Data Standards

• HL7 v2
• FHIR

Deployment Model

• SaaS
• on_prem
• hybrid

Features

• Parallel Database (PDB) enterprise-wide data consolidation
• Healthcare Contract Management (financial modeling and reimbursement optimization)
• Patient Responsibility Estimator (real-time eligibility and benefits cost estimator)
• Patient-Facing Estimator (transparent cost estimates for patients)
• Denials Management (denial worklists, monitoring, routing and workflows)
• Collection Management: automated event-driven AR worklists
• Contract Modeling & Price Sensitivity (predictive modeling for negotiations and CDM analysis)
• Managed Care applications integrated into RCM platform
• Proprietary calculation engine to process claims from all payers
• Revenue recovery services operating within Parathon PDB
• Enterprise claim processing with focus on accuracy and completeness
• Price transparency solutions integration

Id

SW1978

Integration Partners

• Epic Systems
• Cerner Corporation
• Allscripts Healthcare Solutions
• McKesson Corporation
• Athenahealth
• NextGen Healthcare
• GE Healthcare
• Meditech
• eClinicalWorks
• Greenway Health
• Kareo
• AdvancedMD
• Practice Fusion
• e-MDs
• Amazing Charts
• DrChrono
• NueMD
• CareCloud
• MDTech
• PrognoCIS

Integrations

• Epic
• Cerner

Languages Supported

• English

Last Updated

2025-10-11

License

commercial

Market Segment

• enterprise
• smb

Optional Modules

• Contract modeling & price sensitivity module
• Patient-facing estimator
• Denials management module
• Collection management / worklist automation
• Revenue recovery services (outsourced consultants)

Os Platforms

• Web
• Windows
• iOS
• Android

Pricing Details

Contact vendor for pricing information.

Pricing Model

subscription

Privacy Features

• Business Associate Agreement (BAA) available
• consent management
• data anonymization/pseudonymization options

Product Code

SW1978

Product Name

Parathon

Ratings

• Parathon's revenue intelligence software has significantly improved our claim processing efficiency.
• The Parallel Database® has provided us with unparalleled financial clarity.
• Denials management has become more streamlined, leading to faster collections.
• Patient responsibility estimations are now more accurate, enhancing patient trust.
• The integration of all payer data into a single system has simplified our revenue cycle management.

Regions Available

• United States

Related Urls

• https://elion.health/products/parathon

Release Year

1991

Security Features

• encryption (in transit and at rest)
• role-based access control (RBAC)
• SSO/SAML
• audit logging
• two-factor authentication (2FA)

Specialties

• Radiology
• Cardiology
• Orthopedics
• Neurology
• Oncology
• Pediatrics
• Emergency Medicine
• Obstetrics
• Gynecology
• Psychiatry
• Dermatology
• Urology
• Gastroenterology
• Pulmonology
• Endocrinology
• Rheumatology
• Infectious Diseases
• Hematology
• Allergy And Immunology
• Anesthesiology

Support Channels

• email
• phone
• chat
• ticketing
• community
• 24x7

System Requirements

Web browser for Parathon Web Tools; Windows client for Parathon Desktop; cloud-hosted PDB (details provided on implementation)

Target Users

• clinicians
• nurses
• patients
• admins
• payers

Training Options

• documentation
• webinars
• live_online
• onsite
• certification

Type

product

User Reviews

• Parathon's revenue intelligence software has significantly improved our claim processing efficiency.
• The Parallel Database® has provided us with unparalleled financial clarity.
• Denials management has become more streamlined, leading to faster collections.
• Patient responsibility estimations are now more accurate, enhancing patient trust.
• The integration of all payer data into a single system has simplified our revenue cycle management.

Version

1.0

Alternatives

See related products

Canonical JSON

{
  "product_name": "Parathon",
  "company_name": "Parathon",
  "product_url": "https://www.parathon.com/solutions/revenue-intelligence-software/",
  "company_url": "https://www.parathon.com/",
  "related_urls": [
    "https://elion.health/products/parathon"
  ],
  "product_code": "SW1978",
  "summary": "Parathon offers AI-driven revenue cycle management software that enhances healthcare financial operations with precision and transparency.",
  "description": "Parathon provides a comprehensive suite of revenue intelligence software solutions designed to optimize healthcare revenue cycle management. Their proprietary Parallel Database® (PDB™) consolidates all revenue cycle data into a single, enterprise-wide system, ensuring 100% accuracy in processing claims from all payers. Key features include Healthcare Contract Management, Patient Responsibility Estimator, Denials Management, Patient Facing Estimator, Collection Management Work Lists, and Contract Modeling & Price Sensitivity. Parathon's services have successfully recovered billions of dollars for hospitals, health systems, and physician groups, demonstrating their effectiveness in improving financial outcomes. Additionally, Parathon offers Price Transparency Solutions to assist healthcare providers in complying with CMS regulations, further enhancing patient trust and financial clarity.",
  "categories": [
    "administrative Operations",
    "patient Facing",
    "diagnostic Support",
    "financial Management",
    "contract Management",
    "revenue Cycle",
    "price Transparency",
    "healthcare Software Solutions",
    "Administrative",
    "Patient-facing",
    "Diagnostic",
    "Financial",
    "Contract Management",
    "Denials Management",
    "Patient Estimation",
    "Price Transparency",
    "Revenue Cycle Management",
    "Healthcare Software"
  ],
  "market_segment": [
    "enterprise",
    "smb"
  ],
  "target_users": [
    "clinicians",
    "nurses",
    "patients",
    "admins",
    "payers"
  ],
  "specialties": [
    "Radiology",
    "Cardiology",
    "Orthopedics",
    "Neurology",
    "Oncology",
    "Pediatrics",
    "Emergency Medicine",
    "Obstetrics",
    "Gynecology",
    "Psychiatry",
    "Dermatology",
    "Urology",
    "Gastroenterology",
    "Pulmonology",
    "Endocrinology",
    "Rheumatology",
    "Infectious Diseases",
    "Hematology",
    "Allergy And Immunology",
    "Anesthesiology"
  ],
  "regions_available": [
    "United States"
  ],
  "languages_supported": [
    "English"
  ],
  "pricing_model": "subscription",
  "pricing_details": "Contact vendor for pricing information.",
  "license": "commercial",
  "company_offices": [
    "United States"
  ],
  "company_founding": "1991",
  "deployment_model": [
    "SaaS",
    "on_prem",
    "hybrid"
  ],
  "os_platforms": [
    "Web",
    "Windows",
    "iOS",
    "Android"
  ],
  "features": [
    "Parallel Database (PDB) enterprise-wide data consolidation",
    "Healthcare Contract Management (financial modeling and reimbursement optimization)",
    "Patient Responsibility Estimator (real-time eligibility and benefits cost estimator)",
    "Patient-Facing Estimator (transparent cost estimates for patients)",
    "Denials Management (denial worklists, monitoring, routing and workflows)",
    "Collection Management: automated event-driven AR worklists",
    "Contract Modeling & Price Sensitivity (predictive modeling for negotiations and CDM analysis)",
    "Managed Care applications integrated into RCM platform",
    "Proprietary calculation engine to process claims from all payers",
    "Revenue recovery services operating within Parathon PDB",
    "Enterprise claim processing with focus on accuracy and completeness",
    "Price transparency solutions integration"
  ],
  "optional_modules": [
    "Contract modeling & price sensitivity module",
    "Patient-facing estimator",
    "Denials management module",
    "Collection management / worklist automation",
    "Revenue recovery services (outsourced consultants)"
  ],
  "integrations": [
    "Epic",
    "Cerner"
  ],
  "data_standards": [
    "HL7 v2",
    "FHIR"
  ],
  "api_available": "yes",
  "system_requirements": "Web browser for Parathon Web Tools; Windows client for Parathon Desktop; cloud-hosted PDB (details provided on implementation)",
  "compliance": [
    "HIPAA",
    "HITECH"
  ],
  "certifications": [],
  "security_features": [
    "encryption (in transit and at rest)",
    "role-based access control (RBAC)",
    "SSO/SAML",
    "audit logging",
    "two-factor authentication (2FA)"
  ],
  "privacy_features": [
    "Business Associate Agreement (BAA) available",
    "consent management",
    "data anonymization/pseudonymization options"
  ],
  "data_residency": "Primarily US-hosted (Naperville, IL); regional hosting options via implementation/contract may be available",
  "customers": [
    "Skagit Regional Health",
    "Endeavor Health",
    "Honor Health",
    "Baton Rouge General"
  ],
  "user_reviews": [
    "Parathon's revenue intelligence software has significantly improved our claim processing efficiency.",
    "The Parallel Database® has provided us with unparalleled financial clarity.",
    "Denials management has become more streamlined, leading to faster collections.",
    "Patient responsibility estimations are now more accurate, enhancing patient trust.",
    "The integration of all payer data into a single system has simplified our revenue cycle management."
  ],
  "ratings": [
    "Parathon's revenue intelligence software has significantly improved our claim processing efficiency.",
    "The Parallel Database® has provided us with unparalleled financial clarity.",
    "Denials management has become more streamlined, leading to faster collections.",
    "Patient responsibility estimations are now more accurate, enhancing patient trust.",
    "The integration of all payer data into a single system has simplified our revenue cycle management."
  ],
  "support_channels": [
    "email",
    "phone",
    "chat",
    "ticketing",
    "community",
    "24x7"
  ],
  "training_options": [
    "documentation",
    "webinars",
    "live_online",
    "onsite",
    "certification"
  ],
  "release_year": "1991",
  "integration_partners": [
    "Epic Systems",
    "Cerner Corporation",
    "Allscripts Healthcare Solutions",
    "McKesson Corporation",
    "Athenahealth",
    "NextGen Healthcare",
    "GE Healthcare",
    "Meditech",
    "eClinicalWorks",
    "Greenway Health",
    "Kareo",
    "AdvancedMD",
    "Practice Fusion",
    "e-MDs",
    "Amazing Charts",
    "DrChrono",
    "NueMD",
    "CareCloud",
    "MDTech",
    "PrognoCIS"
  ],
  "id": "SW1978",
  "slug": "parathon",
  "type": "product",
  "version": "1.0",
  "last_updated": "2025-10-11",
  "links_json": {
    "self": "https://www.healthaidb.com/software/parathon.json"
  }
}