ClEARCYCLE HiSTORY

1983

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.

1989

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, was introduced to optimize cash flow and systematically control credit risk.

1994

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.

1998

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 (for example, 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.

2001

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 (Universal Claims Disbursement System) product suite umbrella.

2004-2012

# In 2004, ClearCycle released the client server version of UCDS (Universal Claims Disbursement System).

# In 2006, ClearCycle introduced UCDS (Universal Claims Disbursement System) 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 (Universal Claims Disbursement System) to administer the International Classification of Diseases ICD-10 code sets.

# In 2010, UCDS (Universal Claims Disbursement System) complies with the HIPAA electronic transaction standards, version 005010 (5010).

# In 2012, ClearCycle implemented reporting and payment for Medical Loss Ratio (MLR) compliance.

2013

In 2013, ClearCycle:

  • Implemented compliance with 2013 NACHA Rules Changes effective September 20th 2013 requiring formatting of CCD+ that are Healthcare EFT Transactions.
  • Added features to account for interest payments related to APTC as part of the Federal HealthCare Reform.
  • Added functionality to automate stale dating and voiding of checks outstanding after a specified period of time.
  • Added the segment tree editor. This is a tool that allows you to create complex, formatted data files based on records store in your database tables.
  • Added the SECTIONLOADER. This is a tool that allows you to parse complex data files and move the data into Database Tables.

2014

In 2014, ClearCycle

  • Implemented functionality to interface with FEP program’s response file for disbursement processing.
  • Implemented functionality related to Medicare Advantage Explanation of Benefits (EOBs) for compliance with Centers for Medicare & Medicaid Services (CMS) guidelines.

2017

In 2017, ClearCycle implemented a feature to allow for withhold processing for provider groups and payment to Accountable Care Organizations (ACOs) .

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.
Our depth and breadth of experience uniquely qualifies us as the leader in custom designed financial disbursement solutions.

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