EqualizeRCM selected to provide CBO services for Cimarron Memorial Hospital
Boise City, Oklahoma (January 20, 2011) Cimarron Memorial Hospital, a 25-bed critical access facility in Boise City, OK, selected NewLight Healthcare’s revenue cycle partner, EqualizeRCM, to provide CBO services for its clinics and hospital.
Cimarron Memorial is in the midst of a turn-around. Facing substantial financial challenges, Cimarron Memorial hired a new CEO and CFO in 2010. As financial performance has begun to improve, the new leaders are focused on cementing the positive changes and bringing capable resources into the CBO. Cimarron turned to EqualizeRCM to provide these services on an outsourced basis.
Cimarron CEO, Lee Hughes, played a key part in selecting EqualizeRCM. “Over the past year, we have implemented significant changes at Cimarron Memorial: New programs, new equipment, and new medical staff have all helped create great patient care. However, financial stability continues to be our immediate priority. We needed a partner to solidify our CBO and revenue cycle operations, and EqualizeRCM brings the depth of expertise and resources that we need. I expect this partnership to improve overall collections at our clinics and hospital – while simultaneously helping us contain costs.”
Rather than replacing staff, Cimarron intends to re-focus the billing staff on key areas of revenue assurance, namely in the front-desk registration, benefits verification and charge review.
Cimarron Memorial is the latest in a series of hospital partnerships established by EqualizeRCM over the past year. Michael Hill, VP & GM of EqualizeRCM, notes: “We are delighted to partner with Cimarron Memorial Hospital. Rural hospitals and clinics are facing extreme financial challenges and are opening up to the need for new, integrated approaches to solving the CBO challenge. We appreciate the confidence Cimarron has in EqualizeRCM and are looking forward to a long relationship.”
EqualizeRCM provides medical coding and billing services to hospitals, physicians and clinics in sixteen states, using state-of-the-art billing systems and EMRs.