Cymetrix Announces Partnership to Provide CHRISTUS Health with Revenue Cycle Management Support
IRVINE, Calif., Feb. 23 /PRNewswire/ – Cymetrix, an industry leader providing hospitals and health care networks with adaptive revenue cycle management solutions, today announced a partnership agreement with CHRISTUS Health. CHRISTUS Health and Cymetrix will collaborate on a unique revenue cycle management model for the five-hospital CHRISTUS Santa Rosa Health System.
The model deploys a combination of best practice processes including proprietary and leading practice commercial technologies with a team of revenue cycle specialists to optimize financial performance and profitability.
As a result of this new agreement, Cymetrix will assume responsibility for the management and functional oversight of Patient Access, Health Information Management and Patient Financial Services for CHRISTUS Santa Rosa Health System.
This is a unique partnership, which utilizes CHRISTUS Health’s support at their state-of-art central business office, developed by Jay Herron, CHRISTUS Health senior vice president and chief financial officer, and Kaycee Orman, CHRISTUS Health executive director, Revenue Cycle Services. Cymetrix will leverage this resource by incorporating its extensive experience in deploying new processes and technology to facilitate front-end process redesign. The combined effort will accelerate the next level of financial performance improvement.
“We’re excited about having the best that both CHRISTUS Health and Cymetrix have to offer in moving our revenue cycle from good to great,” said Bill Pack, regional vice-president and CFO of CHRISTUS Santa Rosa Health System.
“Being selected by CHRISTUS Health to provide revenue cycle management support is an honor,” said Michael Halberda, president and CEO of Cymetrix. “This new, innovative partnership validates their trust in our team’s ability to help them achieve world-class revenue cycle performance.”
In June 2009, CHRISTUS Health was recognized by the Healthcare Financial Management Association for high performance, innovation and patient-friendly billing adoption and received the new High Performance in the Revenue Cycle Award.
Cymetrix (www.cymetrix.com) creates comprehensive revenue cycle solutions for hospitals and healthcare networks. Using its proven Adaptive Revenue Cycle Model, Cymetrix identifies opportunities for new efficiencies that deliver results in performance and profitability. A privately held Delaware Corporation, Cymetrix has corporate headquarters in Irvine, Calif., and business process outsourcing centers in Los Angeles, Dallas, Nashville and soon New York. Cymetrix’s equity partner is Riordan, Lewis & Haden, a private equity investment company based in Los Angeles.
About CHRISTUS Health
CHRISTUS Health, an international Catholic, faith-based, not-for-profit health system, is headquartered in Dallas and is comprised of almost 350 services and facilities, including more than 50 hospitals and long-term care facilities, 175 clinics and outpatient centers and dozens of other health ministries and ventures. CHRISTUS services can be found in over 60 cities in Texas, Arkansas, Iowa, Louisiana, Missouri, New Mexico, Georgia, Utah and Mexico. The system employs approximately 30,000 Associates and has over 10,000 physicians on facility medical staffs that provide care and support for patients. CHRISTUS Health is listed among the top ten Catholic health systems in the U.S.