The Texas Hospital Association and Connance, a provider of predictive analytics solutions, are teaming up for revenue cycle management improvement.
Through the partnership, Connance aims to specifically help Texas hospitals improve denials management, as well as patient payment and agency vendor management.
"Now more than ever, reimbursement and declining margins are constant and costly challenges for Texas hospitals," said Ted Shaw, THA president and CEO. "We are confident that partnering with Connance will help our hospitals improve collections, decrease payment cycles, and engage patients more compassionately and effectively."
Steve Levin, Connance co-founder and CEO, also expressed excitement about the arrangement.
"With significant investment in new technologies and rapidly changing reimbursement, the entire health community needs to use data and innovation for lasting success. Connance is pleased to partner with the Texas Hospital Association and continue the steady improvement in communities across the great state," he said.
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