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January 29, 2010

Tranquilmoney teams with California based ProLogic Redemption Solutions

ProLogic Redemption and Tranquilmoney, Inc. enter into a teaming agreement to bring pharmacy receivables management solutions to supermarket and pharmacy chains across the country. An established leader in the pharmacy receivables industry, Tranquilmoney has managed pharmacy receivables for over ten years using their web-based hosted software product, PharmTracker™.

The pharmacy receivables management solution includes claim-level reconciliation of every single payment, including manual exception processing where necessary, and detailed online reporting of aging, DSO, partial payments, over payments, unapplied payments, checks without RAs, RAs without checks, and more. PharmTracker also allows users to create custom reports and perform data mining and analysis on past data. Delinquencies for Tranquilmoney clients are typically down to 0.1% and unapplied cash virtually zero. This partnership is expected to benefit the retail pharmacy industry substantially, with cost effective reconciliation services and adherence to compliance standards. ...more

July 30, 2009

New York based adult and family practice is engaged with Tranquilmoney

Tranquilmoney has been awarded the complete revenue cycle management service project by one of the largest adult and family practices in the state of New York.

The client is looking to Tranquilmoney to streamline their current billing process and ensure error-free billing to improve their collections and cash flows significantly. ...more

March 27, 2009

Tranquilmoney is approved to submit EC-4NARR claims electronically to NYSWCB

Tranquilmoney is approved to submit EC-4NARR bills and its associated medical records electronically to the New York State Workers' Compensation Board.

Tranquilmoney was originally the first and for a long time, the only authorized C-4 XML submission partner to the New York State Workers' Compensation Board. In this upgrade to the EC-4NARR, Tranquilmoney has again tested successfully and is approved by the Board to submit EC-4NARR and associated medical records electronically to the NYSWCB. ...more

January 12, 2009

New York based rehabilitation practice is enagaged with Tranquilmoney

Tranquilmoney has been awarded a project by one of the largest rehabilitation practices in the state of New York to submit C-4's electronically to the Workers Compensation Board using the board's new XML submission platform, and to process follow up on provider claims with HP1's and related documents on behalf of the practice. Tranquilmoney's existing clients report much faster payment from carriers and resolution of problematic issues.

October 01, 2008

California based medical clinic uses PracticeTracker™

One of the largest hospital groups in southern California is now using Tranquilmoney's web based practice management software PracticeTracker™ for their billing services for their new Bakersfield clinic ...more

July 11, 2007

Electronic Submission of claims to New York State Insurance Fund

In partnership with Atlantic Imaging Group, Tranquilmoney begins the first stage of testing electronic claim submission to NY SIF. This initiative will bring in cost savings to both healthcare providers and insurance carriers by removing paper and also improve the turnaround.

June 01, 2007

Strategic Partnership with AIG Network

Atlantic Imaging Group (www.aignetwork.com) and Tranquilmoney, Inc. enter into a partnership to offer services to the healthcare industry that will enable clean claims to be submitted and paid in under 72 hours. Services provided by AIG Network currently include web and email based scheduling, credentialing, fraud prevention and funding of clean claims. Tranquilmoney offers the whole gamut of healthcare billing operations from batching/scanning of documents and low-cost, high-speed, high-accuracy data capture to electronic submission of claims and automatic import and reconciliation of electronic payments in HIPAA EDI 835 format. This partnership is expected to benefit the healthcare industry in a big way and reduce the TCO of major insurance carriers as well as healthcare providers and other players in the industry.

May 03, 2007

Tranquilmoney expands its portfolio to include Psychiatry among its specialties

Tranquilmoney has announced the signing up of a Psychiatric group in California. Under the terms of the contract Tranquilmoney will manage the client.s revenue management cycle. This group is also the largest private mental health group in Kern County. They offer a variety of services such as Psychiatric Evaluations, Psychological Testing, Individual Therapy, Couple Therapy, Family Therapy, Biofeedback, QME & AME Services.

April 20, 2007

Tranquilmoney is awarded patent number 7,181,422 for segregation and management of financial assets by rules

This invention relates to Cortex, Tranquilmoney's solution for structured finance. This involves managing financial assets using abstraction rules to segregate assets into asset classes. It provides a facility for a user to define rules to segregate assets into pools, define purchase rules, capture real time information regarding transactions, reconcile payments and produce exception reports, define access rules for individual users to see information relating to pools of assets and individual assets within a pool, and provide customized reports and access to asset details over a network. This patent falls in current US class 705/35 Finance (eg., banking, investment or credit). The inventors are Dr. Karun Philip, Chairman and CEO, Co-founder of Tranquilmoney and Dr. Harpal Maini, Advisory Board Member, Co-founder.

February 22, 2007

Tranquilmoney becomes the first authorized XML submission partner for New York State Workers' Compensation Board

XML Forms Submission provides an infrastructure for submission of data to the Workers' Compensation Board in an industry-standard format(XML-Extensible Markup Language). Tranquilmoney partners with the Board in this pilot program and comes out successful, proving its technical capabilities to submit claims in XML format complying with their requirements.

August 10, 2006

Major Indian Bank uses CORTEX to manage its structured finance deals

One of the largest banks in India handling securitization deals is now using Tranquilmoney’s CORTEX platform to manage these deals. The software is being offered as a service. Implementation and deal servicing are part of the contract ... more

November 1, 2005

Two clients acquired and an entry into workers compensation billing

Tranquilmoney is glad to announce that two more physician’s practices have signed up with us for managing their medical billing and AR process ...more

July 12, 2005

PharmTracker™ upgrade released.

The new release has strengthened the product by adding substantial power in search, reporting and analytics, including speed and usability ...more

November 19, 2004

Reconciliation of Third-Party Claims

There is an assumption made by pharmacists that when a third-party company electronically accepts a prescription for reimbursement at a specific dollar amount, the pharmacist will receive a check for that same amount. This seems to be a reasonable assumption, but is it true? ...more

October 01, 2004

PracticeTracker™ Version 2.0 is launched

Tranquilmoney's PracticeTracker™ program for Hospitals/ Physicians practices is a full service receivables management solution, putting technology and people to work for you. Using PracticeTracker™, Tranquilmoney's web-based Practice Management software, the physicians' front office and Tranquilmoney's back office employees ...more

June 16, 2004

Tranquilmoney increases revenue under management

Tranquilmoney, Inc. announced today that it now manages over $500 million in healthcare receivables for healthcare providers. Tranquilmoney's list of clients, include medium sized pharmacy chains, hospitals and physician practice groups in the US ...more

October 20, 2003

Tranquilmoney to increase headcount

New York based Tranquilmoney, Inc. manages hundreds of millions in healthcare receivables, processes over two billion characters of data every year, and builds cutting edge software for healthcare financing out of it's back office in Chennai (Madras), India ...more

2002

Listen to Tranquilmoney CEO talk about the need for a securitization platform and its role in the structured finance industry on The MacReport.Net

http://www.macreport.net/ceo_int/ceoint_pri.asp?symbol=TRANQU

CORTEX is a net-hosted software to enable the securitization of financial assets on the Internet through patent-pending XML-based technology, Tranquilmoney provides a vertically integrated deal servicing, structuring and monitoring platform for the originator, issuer, servicer, structurer, trustee, rating agency, and deal investor, enabling the democratization of securitization.

March 14, 2002

Press Releases: Enron Woes Spark ‘Exploding Demand’ for Investor Reporting of Struct Posted on Thursday, March 14 @ 16:50:02 CST by Advisor Page.

Tranquilmoney Introduces Cortex™ Software for Structured Finance

March 14, 2002, New York, NY -- Dunrobin Capital, an investment banking firm, announced a partnership with Tranquilmoney, Inc. Under the terms of the partnership, Dunrobin will use Tranquilmoney’s CortexÔ software platform to enable loan pool tracking across assets from multiple banks and financial services firms and provide real-time online investor reporting to buyers of such pools in the secondary market for bank loans and securities ...more

January 11, 2002

Tranquilmoney Announces Pilot Program For Retail Pharmacy Chains

NEW YORK, NY—Tranquilmoney, a provider of an Internet-based platform for the management of receivables and management of related securitization deals, announced that it is accepting applications through February 28, 2002, for a free pilot of their retail pharmacy receivables management program ...more