FRISCO, Texas--(BUSINESS WIRE)--Conifer Health Solutions today announced a comprehensive hospital revenue cycle management (RCM) agreement with Verity Health System, headquartered in Redwood City, California. Under the multi-year agreement, Conifer Health will deliver Enrollment and Eligibility, Clinical Documentation Improvement, Health Information Management, and Accounts Receivable Management services for Verity Health’s six hospitals in Northern and Southern California.
Verity Health selected Conifer Health for its expertise as a single-source RCM provider to help optimize the system’s revenue cycle operations, enhance operating efficiency and reduce administrative expenses. Conifer Health currently provides value-based care services to three of Verity Health’s hospitals, managing and administering hospital risk agreements.
“As a regional health provider, Verity Health serves a diverse community within an ever-changing healthcare landscape,” said Stephen Forney, chief financial officer of Verity Health. “Our relationship with Conifer Health provides the opportunity to improve our financial performance, control costs and enhance patient satisfaction, enabling our system to continue to meet the needs of the communities we serve.”
Conifer Health’s RCM services are devised to optimize financial and operational performance for Verity Health through enhancements to its revenue cycle processes that accelerate cash flow, aid coding accuracy, improve clinical documentation, speed account resolution and boost patient satisfaction.
“We are honored to expand our relationship with Verity Health,” said Matthew C. Michaels, president of Hospital Revenue Cycle Management for Conifer Health. “Our best-in-class hospital revenue cycle management services will help contribute to Verity Health’s transformation efforts and support the continued shift to managing multiple reimbursement models.”
About Verity Health System
Verity is a nonprofit, nonreligious healthcare system including: St. Francis Medical Center in Lynwood, St. Vincent Medical Center in Los Angeles, O’Connor Hospital in San Jose, St. Louise Regional Hospital in Gilroy, Seton Medical Center in Daly City and Seton Coastside in Moss Beach. The Verity Medical Foundation is based in San Jose. The System’s corporate headquarters are located in Redwood City. For more information visit Verity.org.
About Conifer Health
Conifer Health brings 30 years of healthcare industry expertise to clients in more than 135 local regions nationwide to help strengthen their financial and clinical performance. Conifer Health helps organizations transition from volume to value-based care, enhance the consumer and patient healthcare experience and improve quality, cost, and access to healthcare. Annually, the company manages more than 24 million patient interactions; more than $29 billion in net patient revenue and more than $17 billion in medically managed spend. Conifer Health also provides technology and health management services to support care management for more than 5.7 million lives. For more information, visit ConiferHealth.com or follow @ConiferHealth on Twitter.