Ensemble, a provider of revenue cycle management solutions, has entered a partnership with Independence Health System (IHS) to deliver end-to-end revenue cycle services.
This collaboration is set to include IHS's Butler Memorial Hospital, Clarion Hospital, Butler Medical Providers, and Fastercare.
The partnership aims to enhance financial performance and deliver better patient experiences by leveraging innovative technologies and skilled operators.
Ensemble founder, president and CEO Judson Ivy said: “We’re thrilled to partner with IHS to support their vision of being recognised as the premier provider of high quality, value-driven affordable integrated care in the region.
“An innovative, technology-enabled approach to revenue cycle, paired with our outstanding people, is a proven model that consistently delivers significant financial improvement for the hospitals we serve.”
IHS is known for providing care in various medical fields, including cardiology, orthopaedics, palliative care, and maternity, among others.
With a network that includes five hospitals, nearly 1,000 healthcare providers, and more than 7,000 employees, IHS provides healthcare in a ten-county region. It also serves as an employer in Butler and Westmoreland counties.
IHS president and CEO Ken DeFurio said: “Butler Memorial Hospital and Clarion Hospital look forward to the benefits that will be realised through utilising Ensemble’s expertise and innovative technology.
“IHS and Ensemble are strongly committed to collaborating in a way that financial performance is most efficient, and more importantly, together we provide an excellent patient experience.”
Ensemble chief operating officer Shannon White said: “We believe that the great work our revenue cycle operators perform connects directly to positive outcomes for patients and communities.
“It’s a privilege to partner with IHS to support their mission of providing a trusted delivery of care which makes a positive impact on the lives of every individual we touch.”
Through this collaboration, Ensemble is now responsible for overseeing $35bn in annual net patient revenue, working alongside healthcare systems to enhance their revenue cycle via managed services.
Ensemble achieved all client objectives set for the first year, surpassing year-one cash collection targets by 102%, and delivering an average net revenue enhancement of 5% annually across its client base.
