Becker's has reported on four health systems that have opted to outsource finance jobs or other revenue cycle functions since Oct. 4:
1. Arlington, Va.-based VHC Health struck a 15-year, end-to-end revenue cycle partnership with Med-Metrix on Jan. 3. As part of the partnership, about 200 VHC Health revenue cycle employees are now employed by Med-Metrix.
2. R1 RCM said Dec. 6 it is acquiring revenue cycle management company Acclara from Renton, Wash.-based Providence. At the closing of the deal — expected in early 2024 — Acclara and Providence will enter into a 10-year agreement for the company to provide comprehensive RCM services for the health system.
3. Winston-Salem, N.C.-based Novant Health and Dallas-based Tenet Healthcare on Nov. 17 signed a definitive agreement for Novant to acquire three Tenet hospitals and affiliated operations in South Carolina. The agreement specifies that Tenet's Conifer Health Solutions subsidiary will enter into a new and expanded 15-year contract to provide revenue cycle management services for the three South Carolina hospitals and related operations. The transaction is expected to be completed in early 2024.
4. Optum said Oct. 4 it is hiring more than 800 employees from Waukesha, Wis.-based ProHealth Care and will begin managing the health system's revenue cycle management, information technology, informatics, analytics and inpatient care management.