Layoffs expected as Providence Health Center transfers billing services

Employees at Providence Health Center in Waco, Texas, face layoffs as the organization turns many back office duties, including billing and bill collecting, over to Chicago-based Accretive Health, reports Waco Tribune-Herald.

The transfer comes months after Providence's parent, St. Louis-based Ascension Health, and TowerBrook Capital Partners agreed to invest $200 million in Accretive. Under the contract, which was finalized in February, Accretive will exclusively provide revenue cycle and physician advisory services to Ascension's hospitals.

At Providence, dozens of employees are set to become Accretive staffers. Providence officials declined comment to the Waco Tribune-Herald on the number of employees who will work under the banner of Accretive Health beginning Jan. 1.

Providence spokeswoman Erin Rogers did, however, tell the publication some positions will be cut. She said affected employees will be able to apply for other positions with Accretive and Ascension.


More articles on healthcare finance:

A state-by-state breakdown of 76 rural hospital closures
35 NJ hospitals sued over tax-exempt status
Presence Health closes on $1B bond sale

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.


Featured Whitepapers

Featured Webinars