8 health systems outsourcing RCM functions

Becker's has reported on eight health systems that have opted to outsource finance jobs or other revenue cycle functions in 2023: 

DuBois-based Pennsylvania Mountains Healthcare Alliance said April 18 it is installing FinThrive's revenue cycle management platform at four of its 13 hospitals.

Ensemble Health Partners added 650 employees in the first quarter of 2023 through full revenue cycle outsourcing partnerships with Chillicothe, Ohio-based Adena Health System, Winchester, Va.-based Valley Health and Charleston, S.C.-based Roper St. Francis Healthcare

Clearwater, Fla. -based BayCare Health System said April 12 it is using Oracle's RevElate billing automation tool at its Safety Harbor, Fla. -based Mease Countryside Hospital. While initially launched at Mease Countryside, the health system plans to deploy RevElate throughout its entire system this year.

Norman (Okla.) Regional Health System said Feb. 7 it is implementing VisiQuate's artificial intelligence-powered Denials Management Analytics and Revenue Management Analytics. Additionally, the health system will use the VisiQuate PayFlo tool to standardize RCM processes.

Owensboro (Ky.) Health selected Optum Jan. 10 to manage its revenue cycle operations and IT services. Optum is hiring 575 employees from the health system. 

Maine-based Northern Light Health tapped Optum Jan. 5 to manage its revenue cycle management, information systems, inpatient care management, analytics, project management office and supply chain functions. In March, 1,400 of the system's employees became employed by Optum.

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