6 Healthcare Revenue Cycle Management Systems To Watch
Healthcare professionals look to the latest RCM platforms to help them process patients efficiently while satisfying new regulations. We compare choices in this critical category.
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Originally designed as an in-house RCM system for Tenet Healthcare, Conifer's system now serves the entire healthcare industry. Conifer Health Solutions was launched in 2008 as a healthcare services company devoted to providing revenue cycle transformation and patient communications services to hospitals and health systems nationwide.
"We aren't developing software or managing IT, and we aren't consultants offering a strategy for someone else to build and manage," said senior director of communications John Hoffmann. "We are a healthcare services provider -- offering processes and technology [and] working to improve operational performance for our hospital clients so they can better market to their community, communicate effectively with patients, and support patient financial administration," he said.
Conifer's offerings have expanded to support health information management and ICD-10, risk and capitation management, ACO, and bundled payment processing, as well as ethics and compliance program effectiveness. Conifer, which employs 4,000 workers and earns $18 million in net revenue annually, serves more than 380 healthcare entities and operates seven national "centers of excellence." It processes 9.5 million patient accounts annually and manages 600,000 patients.