As Dallas-based Tenet Healthcare has sold off hospitals in 2024, its Conifer subsidiary has struck contracts to provide revenue cycle management services for the offloaded hospitals.
Conifer has also extended an existing partnership with a health system in 2024.
Here are five RCM partnerships that Conifer made or extended this year:
1. On Aug. 5, Conifer lined up a 10-year contract to provide services to five Alabama hospitals Tenet plans to sell to Orlando (Fla.) Health. The deal is expected to close in the fall.
2. Orange, Calif.-based UCI Health on March 26 completed a deal to acquire Dallas-based Tenet's Pacific Coast Network, which includes four hospitals in Southern California and their associated outpatient locations. Tenet CEO Saum Sutaria, MD, said on the company's Feb. 8 earnings call that the deal also includes a contract for Conifer services.
3. Tenet and Roseville, Calif.-based Adventist Health announced Feb. 29 that Conifer will enter into an agreement to provide hospital and physician revenue cycle services for Adventist. Adventist also signed a definitive agreement to purchase two California hospitals from Tenet, which was finalized March 29.
4. Conifer and Lebanon, N.H.-based Dartmouth Health extended their partnership through a new multiyear deal on Feb. 5. Conifer will continue to provide Dartmouth Health with comprehensive RCM services that include patient access, financial clearance, coding and patient financial services.
5. Winston-Salem, N.C.-based Novant Health completed its deal to acquire three South Carolina hospitals from Tenet on Feb. 1. As part of the deal, Conifer entered into a new and expanded 15-year contract to provide RCM services to the three hospitals and related operations.