FRISCO, Texas--(BUSINESS WIRE)--Conifer Health Solutions, a leader in business process solutions for healthcare providers, has reached an agreement to provide revenue cycle management services for LHP Hospital Group, Inc. of Plano, Texas. Under terms of the agreement, Conifer will be assisting LHP with management of Patient Access and Business Office Services at all of its hospitals.
LHP Vice President and Division Chief Financial Officer David Nosacka said the hospitals are working with Conifer as part of their plan to standardize processes, implement best practices and create scale. He said that bringing in an established revenue cycle management company will help the facilities increase productivity, reduce risk and provide immediate best practices to the hospitals.
“We want to leverage Conifer’s expertise to standardize our revenue cycle operations and implement best practices,” said Nosacka. “We believe working with Conifer will result in improved compliance, increased cash flow and sustained financial performance for our hospitals, and we are confident they will be able to help us better serve our patients, their families and communities.”
Conifer will utilize its revenue cycle management expertise and a $200 million investment in proprietary processes and technology to maximize yield for the hospitals, which in turn will allow them to focus on delivering high-quality healthcare and superior patient and physician experiences.
“LHP Hospital Group is building a strong, standardized platform to support its hospitals, and we are glad to be their revenue cycle partner,” said Stephen Mooney, president of Revenue Cycle Solutions for Conifer Health Solutions. “We appreciate the confidence they are showing in us and look forward to making a positive difference for their patients and hospitals.”
About LHP Hospital Group, Inc.
LHP Hospital Group, Inc. (LHP) is a privately held company established to provide essential capital and expertise to not‐for‐profit hospitals and hospital systems with which it forms joint ventures to own, operate and manage acute care hospitals. Headquartered in Plano, Texas, LHP is owned by affiliates of private equity firm CCMP Capital Advisors, LLC, and the CPP Investment Board, as well as members of management and the board of directors. www.lhphospitalgroup.com
About Conifer
Conifer Health Solutions provides Revenue Cycle and Patient Communications services to more than 100 hospitals and health systems nationwide. Conifer utilizes proprietary workflows and technology to offer comprehensive Revenue Cycle Solutions ranging from patient pre-registration to Health Information Management and Clinical Revenue Cycle services to 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 3,000 people. For more information, call 1-877-CONIFER or visit the company’s website 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, 2010, 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.