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Increase in self-pay patients prompts medical center to seek out eligibility service to improve net revenue. Cymetrix will help patients navigate complex state and federal benefits programs.
IRVINE, Calif. and BRONX, New York (Nov. 18, 2009) - CymetrixSM, a leader in providing hospitals and healthcare networks with innovative revenue cycle solutions, signed agreements with four strategic partners to greatly expand its technological capabilities in patient access. Cymetrix combines these technologies with its own proven processes to accurately collect and integrate billing-related data before the patient moves through the healthcare encounter process.
Cymetrix, a leader in providing hospitals and healthcare networks with revenue cycle management solutions, today announced a partnership with Montefiore Medical Center to provide a unique service to reduce ambulatory charity and bad-debt write-offs. Cymetrix’s excellent track record for obtaining coverage for under- and uninsured patients through eligible public programs has led to a high conversion rate for its clients. This reputation as a specialist in the intricacies of state and federal programs was instrumental in Cymetrix’s selection by Montefiore for its outpatient services.
In this three-year contract, Cymetrix eligibility specialists will guide Montefiore patients through the complex application processes to secure federal and state reimbursement for uncompensated medical care. All work by Cymetrix will be conducted at its New York Business Processing center opening in December to serve its North East clients, including Montefiore, located in Bronx, New York. Its eligibility services, provided at no cost to patients, include Medicaid, SSI, Social Security Disability Insurance Benefits (SSDIB), Medicare, state disability and charity care, as well as many community programs.
"Partnering with Cymetrix allows us to help obtain coverage for a greater number of our patients through government and state programs," said Jim McNiff, associate vice president of Health Services Receivable at Montefiore. "Cymetrix reputation and national experience was crucial in our selection."
"Providing eligibility services to this highly acclaimed medical center is an exciting opportunity," said Michael Halberda, CEO and president of Cymetrix. "By helping Montefiore achieve its financial goals we’re also assisting hundreds of patients who currently have little to no income or support resources."
About Montefiore Medical Center
Montefiore Medical Center, The University Hospital and Academic Medical Center for the Albert Einstein College of Medicine encompasses 125 years of outstanding patient care, innovative medical "firsts," pioneering clinical research, dedicated community service and ground-breaking social activism. A full-service, integrated delivery system caring for patients in the New York metropolitan region and beyond, Montefiore is a 1,491-bed medical center that includes: four hospitals -- the Henry and Lucy Moses Division, the Jack D. Weiler Division, the North Division and The Children's Hospital at Montefiore; a large home healthcare agency; the largest school health program in the US; a 25-site medical group practice integrated throughout the Bronx and Westchester, and The Care Management Company of MMC, providing services to 180,000 health plan members. For more information, go to www.MyMontefiore.org or www.CMOCares.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, Nashville and soon New York. Cymetrix’ equity partner is Riordan, Lewis & Haden, a private equity investment company based in Los Angeles.
Contacts:
Janice Yeager, Corporate Communications
Cymetrix
Phone: 714-361-6800
E-mail:
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