Recondo Technology Wins Red Herring 100 North America Award

GREENWOOD VILLAGE, Colo., May 27 /PRNewswire/ -- Recondo Technology, a leading
provider of revenue cycle solutions for the health care industry, today
announced the firm's selection as one of the Red Herring 100 North America,
designating Recondo as one of the top 100 companies playing a leading role in
innovation and technology.

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"Red Herring recognizes companies based on quantitative and qualitative
criteria, such as financial performance, innovation, management, global
strategy, and ecosystem integration," stated Rick Adam, Recondo CEO. "Our
selection underscores Recondo's effort to streamline the hospital revenue
cycle, reduce hospitals' cost of doing business, and become a leading player
in the dawning revolution in US health care."

Recondo Technology offerings include SurePayHealth, which yields higher cash
collections for hospitals by validating patient identity; assessing insurance
coverage, deductibles, and copayments; and delivering an accurate statement to
collect patient payment at time of service. Recondo Authorization-Denial
Prevention (Auth-DP) allows hospital staff to identify required payer
authorizations prior to service, ensuring that the hospital provides service
only with the correct, approved authorization in place. Recondo Eligibility
Plus provides hospitals with the industry's most complete view of private and
government insurance benefits. All Recondo offerings are Software as a Service
(SaaS) deployable via a browser, requiring no additional hardware or software
for the customer, and architected on a high-speed, high-volume, rules
processing platform.

About Red Herring

Red Herring is a global media company, which unites the world's best high
technology innovators, venture investors and business decision makers in a
variety of forums: a leading innovation magazine, an online daily technology
news service, technology newsletters and major events for technology leaders
around the globe. Red Herring provides an insider's access to the global
innovation economy, featuring unparalleled insights on the emerging
technologies driving the economy. More information about Red Herring is
available online at www.redherring.com.

About Recondo Technology

Recondo Technology develops Software as a Service (SaaS) products that bring
efficiencies and cost savings to health care payment processing, which
currently costs the medical industry a staggering $360 billion in annual
expense. Recondo software services include SurePayHealth, Authorization-Denial
Prevention, and Eligibility Plus, all designed to increase cash flow, reduce
bad debt, and lower administrative costs in the hospital revenue cycle. Visit
Recondo Technology at www.recondotech.com.

SOURCE Recondo Technology

Terry Truman, Vice President, Marketing of Recondo Technology,
+1-303-974-2815, terry.truman@recondotech.com; or Red Herring Conference
Contact, Anam Alpenia, +1-650-428-2900, aalpenia@redherring.com, of Red
Herring; or Media, Xenia von Wedel of Terpin Communications, +1-415-595-2030,
redherring@terpin.com, for Red Herring