For over 25 years, 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.
ClearCycle’s 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 of and reporting of all transactions over the entirety of their life-cycle as well as the integration with other data and further analysis on any client defined level. The tools facilitate online account statements and direct access of 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 will continue to specialize in insurance claims and financial information management, and you as our client,will continue to experience a rapid and ongoing return of 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.
Founded in 1983, the company introduced its Disbursement Management System (DMS) the same year. It continues to be widely used by Fortune 1000 companies. 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 (i.e. vendor payments, payroll, exception checks, etc.) 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 the payments and transactions. It provides the 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. It provides the tools 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 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.
In 2009, ClearCycle enhanced UCDS to administer the International Classification of Diseases ICD-10 code sets.
In 2010, UCDS complies with the HIPAA electronic transaction standards, version 005010 (5010).
These systems are used in health care, insurance, retailing, distribution, manufacturing, and financial services. Each implementation is phased. ClearCycle defines the business requirement, 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.
ClearCycle's breadth of experience uniquely qualifies us as the leader in custom designed financial disbursement solutions.