From health systems outsourcing revenue cycle employees to Confier's CEO announcing his retirement later this year, here are seven RCM headlines to know from January:
1. Brewer, Maine-based Northern Light Health and Owensboro (Ky.) Health outsourced revenue cycle and other employees to Optum. Mike Valli, president of Optum's Northeast Region, spoke to Becker's about the ins and outs of these types of partnerships.
2. Chillicothe, Ohio-based Adena Health System announced that it would send 340 revenue cycle department employees to Ensemble Health Partners' payroll as part of a plan to boost the system's financial stability. The employees who are transitioning will maintain their current salary and seniority when the change goes into effect March 5. Adena has partnered with Ensemble since 2018, and many of the transitioning employees are remote.
3. Conifer Health Solutions President and CEO Roger Davis is retiring at the end of the first quarter of 2023. Tenet Healthcare is conducting a nationwide search for a successor to lead its revenue cycle management subsidiary. The company also promoted Bryan Forry to CFO and Deepali Narula to COO.
4. Advantum Health launched a new RCM platform, ATOM, which uses machine learning and automation to reduce billing input times and allow clinicians to focus on providing care.
5. Steven Huddleston was named CEO of Ventra Health following the retirement of Mike O'Boyle. The company also named Darshan Patel president of emergency and hospital medicine.
6. Wakefield & Associates rebranded as Wakefield and unveiled a new logo, newly designed website and brand identity.
7. Jennifer Williams was named R1 RCM's CFO, and Kyle Hicok was named the company's chief commercial officer. They succeed Rachel Wilson and Gary Long, respectively, who stepped down from their roles, but remain with the company in advisory roles.