CommonSpirit Health has announced an agreement with Tenet Healthcare Corporation and its subsidiary, Conifer Revenue Cycle Solutions, to bring revenue cycle operations in-house for facilities currently served by Conifer. This change will affect CommonSpirit’s network, which includes Chi Memorial Hospital Georgia.
Conifer has provided revenue cycle services to CommonSpirit and one of its predecessor organizations, Catholic Health Initiatives, since 2012. Over the years, Conifer played a role in streamlining financial processes for these healthcare providers.
“Tenet respects CommonSpirit’s strategic imperatives and decision to insource the revenue cycle operations currently served by Conifer. CommonSpirit worked closely with us to structure a mutually beneficial transaction that reflects our longstanding partnership and commitment to the joint venture,” said Saum Sutaria, M.D., Chairman and CEO of Tenet Healthcare. “The transaction will enable a thoughtful, collaborative transition over the coming year. Conifer is grateful for the opportunity to serve CommonSpirit’s ministries and our team takes pride in contributing to a strong revenue cycle foundation for their future. We look forward to seeing CommonSpirit continue advancing its important mission in the communities it serves.”
Michael Browning, SEVP and CFO of CommonSpirit, stated: “CommonSpirit came together with Conifer and Tenet in this transaction to support our multi-year system integration strategy. Conifer has been a strong and reliable revenue cycle partner since 2012, bringing consistency to a previously fragmented environment in the former Catholic Health Initiatives portfolio. Conifer meaningfully contributed to these hospitals achieving 100% of their cash collection goals. We are grateful for Conifer’s long standing collaboration and wish them continued success in delivering value to other healthcare systems.”
The transition process is expected to take up to 11 months.
Chi Memorial Hospital Georgia is part of the CommonSpirit Health system according to its official website. The hospital network operates three hospitals and 65 care sites across Southeast Tennessee and North Georgia and offers specialties such as heart care, cancer treatment, emergency services, among others. The organization has received recognition for quality care and patient safety from leading organizations as noted on its website.
Janelle Reilly serves as president of Chi Memorial Hospital Georgia according to the official site. The health system aims to enhance lives through superior care and optimal patient results while serving communities throughout Southeast Tennessee and North Georgia as described on its website.
CommonSpirit Health delivers more than 20 million patient encounters annually through over 2,300 clinics, care sites, and 138 hospital-based locations nationwide.
