The health system announced plans to outsource its scheduling, billing and collections in October and selected Ensemble Health as its partner.
About 635 VCU Health employees were affected by the move and were offered jobs with Ensemble. To date, 577 VCU Health employees have accepted the offer, according to Laura Rossacher, a VCU Health spokesperson.
Ms. Rossacher said other employees will likely join Ensemble.
VCU Health said it will have 13,200 employees after outsourcing.
VCU Health said its decision to outsource its revenue cycle services is not a result of the financial hit from the COVID-19 pandemic, but rather a way to improve the patient experience.
More articles on healthcare finance:
Allegheny Health records nearly $18M operating loss
US health services spending down 2.4% through Q3
Hospitals see 8th consecutive month of shrinking volumes
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit