Transforming the Revenue Cycle for Customer Satisfaction and Better Care for our Community
BONHAM, January 20, 2012 – Red River Regional Hospital (RRRH), a 25-bed Critical Access Hospital located in Bonham, Texas, announced that they have partnered with NewLight Healthcare for managed care contracting and revenue cycle services.
NewLight Healthcare, a hospital management and consulting company, has recently formed the NewLight Rural Health Network (NRHN) for rural and small community hospitals which offers access to shared products and services that are more effective and efficient than when purchased individually. RRRH is utilizing their managed care contracting service, which provides analysis and negotiation of commercial managed care contracts. “Newlight Rural Health Network was created to support rural and small hospitals in regional and group efforts to find economy of scale and scope in their operations. We believe Red River Regional Hospital will benefit from the many services and opportunities NRHN is committed to deliver,” said Shannon Calhoun, Principal of NRHN.
EqualizeRCM will provide solutions to transform the hospital’s revenue cycle processes to identify and capture additional revenue. Strategic revenue cycle consulting will also be provided to improve business processes to achieve financial results.
“Red River Regional Hospital is a financially sound organization, but we believe we have untapped potential for increasing revenue and improving efficiencies in our managed care contracting and revenue cycle,” stated David Conejo, CEO of Red River Regional Hospital. “Through our relationship with NewLight Healthcare and EqualizeRCM, we expect to improve customer satisfaction through improved billing processes and claims management. Increased revenue gained from this new engagement can be reinvested into our facilities, new technology and existing programs. All of this translates into better care for our community.”
EqualizeRCM is powered by 500+ billing associates including CPC-certified coders, Six Sigma experts, and physicians. The company provides services to hospitals and physician groups in 18 states. Red River Regional Hospital is the latest in a series of hospital partnerships established by EqualizeRCM over the past year. “We are delighted to partner with Red River Regional 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,” said Michael Hill, VP & GM of EqualizeRCM.
Red River Regional Hospital is a 25-bed Critical Access Hospital serving the needs of Bonham County and surrounding communities for almost 50 years. By transforming Red River Regional Hospital’s managed care contracting and revenue cycle management processes, they can continue to build and improve services to its community and put processes in place that will positively impact its operations and bottom line for years to come. For more information on Red River Regional Hospital, NewLight Healthcare or EqualizeRCM, please visit www.NewLightHealthcare.com, www.RedRiverRegional.com or www.EqualizeRCM.com.