Here we go once more, it’s all about those algorithms and if the payer side of this was not so profitable, hospitals wouldn’t be messing around here, it’s all in those transaction fees that go cha ching, cha ching.
MediHealth is not a large company and I read where they have 12 employees, but if they write powerful algos this is the focus for the dollars. Just yesterday is was in the news how Tenet uses software to algorithmically determine what potential employees would be best for hire with behavioral formulas.
Tenet Healthcare Uses Software Company PeopleAnswers Algorithms to Profile Nurses with Using Predictive Behavior Modeling to Save Money and Reduce Turnover
Not too long ago, Tenet also announced the roll out of Cerner medical records at 47 of their facilities.
Tenet Healthcare Set to Roll Out Cerner Millennium Solutions at 47 Hospitals Currently Using Paper Records
There’s also the joint venture with MED3000 where business intelligence algorithms hold center stage too. As an employee, watch for all types of new stuff to coming rolling down as cost projection and efficient analysis patterns will have even a greater focus in the near future. Everybody' wants to be a software shop today it seems in healthcare and with so many, choices and systems get very confusing at times. BD
Tenet Announces Joint Venture with MED3OOO – Focus on Electronic Medical Records and Business Intelligence
FRISCO, Texas--(BUSINESS WIRE)--Conifer Health Solutions, a leader in business process solutions for healthcare providers, today announced it has acquired MediHealth Outsourcing, LLC. MediHealth is a Health Information Management (HIM) Operations and Clinical Revenue Cycle (CRC) consulting and outsourcing company headquartered in Tampa, Fla.
“With this acquisition, we have significantly strengthened Conifer’s ability to assist hospitals and healthcare providers with healthcare reform including the upcoming ICD-10 implementation and execution”
MediHealth specializes in providing HIM business process and consulting solutions to hospitals and healthcare organizations. Its services range from outsourcing a hospital’s entire HIM department to interim/temporary staffing services for coding and all clinical revenue cycle staff. They also provide operational consulting services for Electronic Health Records (EHR) and Meaningful Use preparedness, as well as RAC audit defense. Conifer will now offer all of these HIM services as stand-alone solutions for hospitals and healthcare systems and as part of its comprehensive revenue cycle management solution.
“With this acquisition, we have significantly strengthened Conifer’s ability to assist hospitals and healthcare providers with healthcare reform including the upcoming ICD-10 implementation and execution,” said Stephen M. Mooney, president of Revenue Cycle Solutions at Conifer Health Solutions. “Conifer’s comprehensive revenue cycle management services will now include operational responsibility for all of the clinical and financial functions pertaining to the capture, management and collection of net patient revenue for hospitals and health systems. We also believe expanding our HIM and clinical revenue cycle offerings will make us more competitive in the marketplace and is an important part of our long-term growth strategy.”
Conifer will retain MediHealth President Paula Lawlor, RHIA, a 30-year HIM industry veteran, to lead its consolidated HIM organization. It will also add MediHealth’s 12 employees to its existing staff to continue providing services to client hospitals and healthcare systems. For more information, please visit http://him.coniferhealth.com.
Conifer Health Solutions provides Revenue Cycle and Patient Communications services to more than 125 hospitals and health systems nationwide. Conifer utilizes proprietary workflows and technology to offer comprehensive Revenue Cycle Solutions ranging from patient pre-registration through the processing of governmental, managed care and self-pay claims. The company also provides best-in-class Patient Communications services that include physician referrals, patient education, marketing services and pre-admission clinical appropriateness reviews.
Born from healthcare, Conifer Health Solutions is headquartered in Dallas, Texas, and employs more than 2,400 people. For more information, call 1-877-CONIFER or visit the company’s Web site at www.coniferhealth.com.
Conifer Health Solutions, Inc. is a wholly owned subsidiary of Tenet Healthcare Corporation (NYSE:THC). Some of the statements in this release may constitute forward-looking statements. Such statements are based on our current expectations and could be affected by numerous factors and are subject to various risks and uncertainties, certain of which are discussed in Tenet’s filings with the Securities and Exchange Commission, including its annual report on Form 10-K for the year ended Dec. 31, 2009, quarterly reports on Form 10-Q, and periodic reports on Form 8-K. Do not rely on any forward-looking statement, as we cannot predict or control many of the factors that ultimately may affect our ability to achieve the results estimated. We make no promise to update any forward-looking statement, whether as a result of changes in underlying factors, new information, future events or otherwise.