Houston-based Memorial Hermann Health System is investing in Franklin, Tenn.-based revenue cycle management company EnableComp.
Memorial Hermann Health System will participate on EnableComp's strategic advisory board to support growth initiatives, continuous quality improvement, new product development and expansion of capabilities, according to a July 11 EnableComp news release.
EnableComp partners with more than 1,000 healthcare providers to manage veterans administration, workers' compensation, motor vehicle accident and out-of-state Medicaid claims, according to the news release. It also manages Employee Retirement Income Security Act appeals. It offers services for accounts receivable management, zero-balance recovery and commercial and government denials.
"The decision to invest in EnableComp is guided by the same philosophies that drive all of our work: Deliver value and create healthier communities. EnableComp fits squarely in that mission, with best-in-class solutions delivering compelling ROI and support, allowing health systems to focus on providing care to patients," said Memorial Hermann Executive Vice President and Chief Strategy Officer Feby Abraham.