What You Ought to Know:
- Tower Well being and Ensemble Well being Companions (Ensemble), the market chief in end-to-end income cycle outsourcing for mid-sized to giant healthcare organizations, introduced at the moment that they’ll enter right into a strategic partnership for the administration of all income cycle operations.
- This partnership will permit Tower Well being’s hospitals and doctor practices to deal with delivering distinctive care of their communities whereas Ensemble manages day-to-day income cycle operations to make sure constant monetary efficiency for the group.
Reworking Healthcare Income Cycle Efficiency: Tower Well being’s Strategic Partnership with Ensemble
Tower Well being, a regional built-in healthcare system devoted to offering compassionate, top-tier healthcare and wellness companies, has carried out a strategic turnaround plan. Central to this plan is the deliberate pursuit and profitable execution of partnerships geared toward enhancing efficiency throughout key operational areas. Recognizing the necessity for higher scale, assist, and superior expertise options to adapt to the evolving income cycle panorama, Tower Well being’s management has cast a brand new partnership.
By means of this collaboration, Ensemble and Tower Well being have recognized alternatives to reinforce effectivity and effectiveness, making certain a constructive expertise for each suppliers and sufferers all through the healthcare journey. With this newly shaped alliance, Ensemble now oversees $32 billion in annual internet affected person income, partnering with a higher variety of well being techniques than another agency to reinforce income cycle efficiency by complete managed companies.
Ensemble prioritizes swift supply of worth and sustained excessive efficiency, attaining 100% of year-one shopper targets, surpassing 102% of year-one money collections, and persistently delivering a 5% common internet income enchancment yearly throughout its clientele.
“We selected to associate with Ensemble as a result of they’re the trade’s top-ranked income cycle agency they usually can guarantee we’re optimizing our income cycle and incorporating greatest practices to higher serve our sufferers. We’re excited to associate with Ensemble and leverage their experience and technological innovation within the income cycle trade,” mentioned Michael Stern, COO at Tower Well being.