Tenet Healthcare Strikes Deal for Revenue Cycle Management
Tenet Healthcare Corporation’s
THC unit Conifer recently announced a new revenue cycle management
(RCM) deal with Alice Peck Day Memorial Hospital (APD), a member of
Dartmouth-Hitchcock Health (D-HH) located in Lebanon, NH. With the
addition of APD, more facilities would be able to gain traction
from end-to-end RCM services that Conifer Health provides to
clinics and hospitals within the D-HH integrated health
system.
Notably, D-HH will benefit from Conifer’s knowhow as that will as
that will strengthen its finances to get a better vision of its
sustainable health system.
D-HH expects Conifer to provide an advanced patient financial
experience through this alliance.
Notably, the relationship between D-HH and Conifer Health has
delivered solid financial results, such as 450 basis points
improvement in operating margins and a 26% reduction in Accounts
Receivable or A/R days outstanding since its inception in
2016.
Conifer has already showed its ability to boost patient
satisfaction and revenue capture, decrease denials and enhance cash
flow along with operating margins.
After Cheshire Medical Center engaged the company in November 2017,
APD is the second D-HH system member to embrace Conifer Health for
comprehensive RCM services.
Conifer Health Solutions brings more than 30 years of healthcare
industry expertise to clients in above 135 local regions across the
nation to help drive their financial and clinical performance,
cater to their respective communities and prosper in the business
of healthcare.
Shares of this Zacks Rank #3 (Hold) company have shed 44.5% of
value in a year’s time against its industry’s growth
of 7.5%.
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Investors interested in the medical sector can take a look at some
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WellCare Health offers managed care services to
government-sponsored health care programs. The company pulled off
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It holds a Zacks Rank #2 (Buy).
HCA Healthcare provides health care services. In the last four
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Molina Healthcare is a multi-state healthcare organization. In the
trailing four quarters, the company came up with average beat of
88.17%. It sports a Zacks Rank #1 (Strong Buy).
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