Batesville, Ind.-based Margaret Mary Health is transitioning its revenue cycle operations to Revology, effective March 2.
The transition will affect 55 employees at the critical access hospital, according to a Dec. 10 news release.
“We are thrilled to further expand our partnership with Margaret Mary Health and welcome the revenue cycle team to Revology,” the company’s CEO Chris Klitgaard said in the release. “By bringing the team in-house, we can more seamlessly develop opportunities for growth and offer a larger peer network of revenue cycle experts to continue to expand their RCM skills. It also allows us to dedicate more specific resources to continue to improve revenue cycle outcomes for MMH.”
The hospital said the decision to partner with Revology comes after “more than a year of careful evaluation of multiple models and vendors and represents a significant investment in the hospital’s future stability, accuracy and financial performance.”
Margaret Mary Health said that the shift is not a cost-reduction strategy but reflects the hospital’s “commitment to improving the tools, technology and expertise needed to thrive in today’s increasingly complex reimbursement environment.”
“As billing requirements, payer rules and administrative burdens continue to evolve, hospitals nationwide are struggling to keep pace using internal resources alone,” the hospital said in the release. “By partnering with Revology, MMH will gain access to advanced analytics, automation, workflow tools and specialized teams that would be costly and difficult to replicate internally.”
The hospital and RCM company are working closely to ensure a smooth transition for the affected employees, according to the release.
