Press Releases

Understanding the cost impact of healthcare consolidation. dated : 08/01/2018. Read More...

Big Data is used for predictive analysis in medical practices. dated : 07/17/2018. Read More...

Tranquilmoney's Dr. Karun Philip: 4 ways to overcome improper reimbursements. dated : 06/20/2018. Read More...

4 coding & billing Qs with Tranquilmoney's Dr. Karun Philip. Dated : 06/19/2018. Read More...


PracticeTracker™ V9.0 receives 2014 Edition ONC-ACB Certification by Drummond Group

September 25, 2014

PracticeTracker™ V9.0 from Tranquilmoney, Inc has been tested and certified under the Drummond Group's Electronic Health Records Office of the National Coordinator Authorized Certification Body (ONC-ACB) program. This EHR software is compliant in accordance with the criteria adopted by the Secretary of the U.S. Department of Health and Human Services.

"Tranquilmoney is unique in that it provides each client with a full-time off-site dedicated team of staff already trained in using our fully compliant PracticeTracker platform, and ready to supplement in-house administrative staff, including EHR / Meaningful Use consulting, and full billing and follow up services," says Dr. Karun Philip, CEO of Tranquilmoney, Inc. "EHR compliance therefore becomes cost-free rather than an investment burden for our clients. The incentive payments are simply a bonus. As always, with our 14 years of experience in billing services, the typical increase in collections for clients of 20% more than covers the cost for these billing services. Now it includes complete ambulatory EHR compliance as well." Read More...

Tranquilmoney, Inc Receives Surescripts 2013 White Coat of Quality Award Third Year in a Row

April 16, 2014

Tranquilmoney, Inc a leading provider of Practice Tracker™ - electronic health records (EHR) is proud to announce that their eprecription solution has received the Surescripts 2013 White Coat of Quality Award . PracticeTracker™ receives this prestigious quality award for third consecutive year. The White Coat of Quality Award is Surescript's highest recognition for software providers that uphold strict standards for clinical quality and best practices in e-prescribing.

Practice Tracker™ e-prescribing system is designed to facilitate increased care quality and patient safety. This award is a recognition for our continuous commitment towards improving quality, efficiency and accuracy of e-prescribing process. Read More...

PracticeTracker™ clients receive Medi-Cal EHR incentive payments

September 27, 2012

Dr. Oriente Esposo and Dr. Arun Keni become the first PracticeTracker™ physicians to receive incentive checks of $21,250 each from the US government for achieving meaningful use of an Electronic Health Records system.

These incentive payments were made by Department of Health Care Services (DHCS) for the Medi-Cal EHR Provider Incentive Program to these doctors of St.Therese Medical Group. St.Therese Medical Group has been Tranquilmoney's client, using PracticeTracker™ since 2008. Tranquilmoney has worked with St.Therese Medical Group to streamline their work flow and improve their collections over these four years. Tranquilmoney got its software PracticeTracker™ v8.0 certified for Complete Electronic Health Records Ambulatory in September 2011. With Tranquilmoney's help and support with registration and attestation, these doctors did not find it an ordeal to qualify for their incentives.

Web hosted Electronic Health Record Software

September 1, 2011

PracticeTracker™ practice management platform receives EHR certification enabling physicians to apply for up to $44,000 in government incentives

The new healthcare bill (HITECH Act) provides an incentive to make healthcare records electronic in order to streamline and cut a major part of healthcare administrative cost. The difficulty for physicians is the complexity and large new investments in information technology required to implement Electronic Health Records (EHR), and integrate it with general practice management software and electronic billing.

Tranquilmoney, Inc., a New Jersey- based software company, now offers the new certified-for-EHR version of their proprietary PracticeTracker™ web-hosted practice management software. Tranquilmoney is currently offering a 30 day free trial of Practice Tracker™. To start getting the full government incentives this year, physicians need to apply by October 3, 2011, so this offering is a low cost way to get started. Read More...

Tranquilmoney teams with California based ProLogic Redemption Solutions

January 29, 2010

Dr. Oriente Esposo and Dr. Arun Keni become the first PracticeTracker™ physicians to receive incentive checks of $21,250 each from the US government for achieving meaningful use of an Electronic Health Records system.

ProLogic Redemption and Tranquilmoney, Inc. enter into a teaming agreement to bring Pharmacy Receivables Reconciliationsolutions 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 Reconciliationsolution 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. Read More...

New York based adult and family practice is engaged with Tranquilmoney

July 30, 2009

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. Read More...

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

March 27, 2009

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. Read More...

New York based rehabilitation practice is engaged with Tranquilmoney

January 12, 2009

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.

California based medical clinic uses PracticeTracker™

October 01, 2008

Tranquilmoney offers PracticeTracker™ software as a service, complete practice management software on the cloud, fully certified for EHR and Meaningful Use. Practice TrackerOur software allows you to record patient data in pre-defined templates, access it on demand, and export if necessary. This is in addition to features that help you manage your practice like appointments, billing, claims, reports and more. Read More...

Electronic Submission of claims to New York State Insurance Fund

July 11, 2007

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.

Strategic Partnership with AIG Network

June 01, 2007

Atlantic Imaging Group ( 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.

Tranquilmoney expands its portfolio to include Psychiatry among its specialties

May 03, 2007

Tranquilmoney has announced the signing up of a Psychiatric group in California. Under the terms of the contract Tranquilmoney will manage the clients 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.

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

February 22, 2007

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.

Two clients acquired and an entry into workers compensation billing

November 1, 2005

Tranquilmoney is glad to announce that two more physician’s practices have signed up with us for managing their medical billing and AR process. Tranquilmoney has been in the Healthcare receivables management business for the last 8 years managing medical billing and AR management, helping collect more, faster. With the addition of these clients, Tranquilmoney will also have the experience of dealing with worker’s compensation as a payer. Read More...

PharmTracker™ upgrade released.

July 12, 2005

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

Reconciliation of Third-Party Claims

November 19, 2004

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? Read More...

PracticeTracker™ Version 2.0 is launched

October 01, 2004

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 collaborate to help the physician COLLECT MORE AND GET PAID FASTER. Read More...

Tranquilmoney increases revenue under management

June 16, 2004

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. Addressing a group of employees and sales partners at it's offices in Midtown Manhattan, Karun Philip, Chairman & CEO says this is only the tip of the ice berg. Healthcare spend in the US is almost $2 Trillion and the big opportunity is in securitizing these receivables. Read More...

Tranquilmoney to increase headcount

October 20, 2003

New Jersey 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. "We have moved office recently and taken up multiple floors here. Reliable infrastructure and reduced travel time for employees has been the criteria for Tranquilmoney's selection of Sathak Centre in Chennai's centraaal business district in Nungambakkam." We expect to up our head count to 400 by Dec. Read More...

Tranquilmoney Announces Pilot Program For Retail Pharmacy Chains

January 11, 2002

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 Reconciliationprogram. Read More...

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