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IRVINE, Calif. (April 2, 2009) - Funding and consistent cash flow continue to be one of the top priorities for healthcare providers in 2009.
"As reimbursement becomes more complicated, even the best run hospitals fight to maintain a strong cash position," said Michael Halberda, President and CEO of Cymetrix. "Our Comprehensive Revenue Cycle Solutions model enables clients to increase productivity and net revenue allowing them to aggressively meet these financial challenges.""
Over the last three years, Cymetrix has recovered several billion in accounts receivable. Today the company serves more than 180 hospitals. Cymetrix expects to see continued growth in the revenue cycle solutions market and recently released a partial list of new client contracts, which range from short-term revenue cycle engagements to full-service outsourcing agreements. These contracts include:
Baylor Health Care System
Dallas, Texas
Baylor Health Care System is a faith-based, not-for-profit health care system with 15 hospitals, over 2,500 beds serving North Texas. Cymetrix was selected to provide revenue cycle services based on our patient financial services management expertise and supplemental technologies.
Harris County Hospital District
Houston, Texas
Harris County Hospital District is the 5th largest metropolitan health system in the country and includes 3 hospitals with more than 975 beds. Cymetrix won the patient accounting system conversion support contract through a rigorous RFP process, based on our expertise, workflow re-design and advanced technologies.
Sisters of Mercy Health System
St. Louis, Missouri
Through a diligent RFP process, Cymetrix was selected and awarded the contract to provide revenue cycle services for the entire health system during its system conversion from MEDITECH and McKesson to Epic patient accounting systems. Sisters of Mercy is the 9th largest Catholic healthcare system in the United States operating 18 hospitals in a seven-state area encompassing Arkansas, Kansas, Louisiana, Mississippi, Missouri, Oklahoma and Texas.
For more information on Cymetrix and its revenue cycle solutions, call 800-308-4940 or visit its web site at www.cymetrix.com.
About Cymetrix
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 and Nashville. Cymetrix’ equity partner is Riordan, Lewis & Haden, a private equity investment company based in Los Angeles.
Contacts:
Janice Yeager, Corporate Communications
Cymetrix
Phone: 949-428-8039
E-mail:
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