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DOWNEY and IRVINE, Calif. (April 22, 2009) - Downey Regional Medical Center (DRMC) has signed an agreement to outsource its patient financial services to Cymetrix.
Under the terms of the partnership, Cymetrix will manage all operations of the DRMC patient financial services function, from billing to final account resolution, from its Los Angeles Business Processing Center.
With its unique combination of people, processes and advanced technology, Cymetrix will transform DRMC's back office by using its proven Comprehensive Revenue Cycle Management (CRCM) model to increase productivity and net revenue.
"We're excited about the opportunity to have Cymetrix redesign our financial processes to improve the performance of our revenue cycle," said Ken Strople, CEO for Downey Regional Medical Center. "This partnership allows us to focus on our mission to improve the health of the people in the communities we serve."
"Cymetrix is proud to be selected by Downey Regional Medical Center to deliver its world-class revenue cycle processes and technology to elevate the medical center's financial performance," said Michael Halberda, President and CEO of Cymetrix.
For more information on Cymetrix and its revenue cycle solutions, call 800-308-4940 or visit its web site at www.cymetrix.com.
About Downey Regional Medical Center
Downey Regional Medical Center is a 199-bed, not-for-profit regional hospital and medical center that delivers healthcare services to Southeast Los Angeles County and portions of Long Beach and Orange County. Guided by a volunteer board of directors, Downey Regional Medical Center features sophisticated facilities and equipment complemented by highly trained medical, nursing, technical and support staff. Together, board members, physicians and staff provide care to more than 100,000 patients each year.
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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