Conifer also extended an existing partnership with a health system in 2024.
Here are five RCM partnerships that Conifer made or extended this year:
1. Conifer entered into a 10-year contract to provide RCM services for five Alabama hospitals after Tenet completed the sale of its 70% ownership interest in Birmingham, Ala.-based Brookwood Baptist Health to Orlando (Fla.) Health. The deal closed Oct. 1.
2. Orange, Calif.-based UCI Health on March 26 completed a deal to acquire Dallas-based Tenet’s Pacific Coast Network, which includes four hospitals in Southern California and their associated outpatient locations. Tenet CEO Saum Sutaria, MD, said on the company’s Feb. 8 earnings call that the deal also includes a contract for Conifer services.
3. Tenet and Roseville, Calif.-based Adventist Health announced Feb. 29 that Conifer will enter into an agreement to provide hospital and physician revenue cycle services for Adventist. Adventist also signed a definitive agreement to purchase two California hospitals from Tenet, which was finalized March 29.
4. Conifer and Lebanon, N.H.-based Dartmouth Health extended their partnership through a new multiyear deal on Feb. 5. Conifer will continue to provide Dartmouth Health with comprehensive RCM services that include patient access, financial clearance, coding and patient financial services.
5. Winston-Salem, N.C.-based Novant Health completed its deal to acquire three South Carolina hospitals from Tenet on Feb. 1. As part of the deal, Conifer entered into a new and expanded 15-year contract to provide RCM services to the three hospitals and related operations.
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