FRANKLIN, Tenn.--(BUSINESS WIRE)--Parallon Business Solutions, a leading provider of healthcare business and operational services, today announced it has entered a five-year agreement to provide full-service revenue cycle solutions to Huntsville Memorial Hospital, a not-for-profit acute care community hospital located in Huntsville, Texas.
“We are confident that Parallon’s scale, full suite of services and proven best practices will help us identify significant improvement opportunities to net revenue and reductions in cost to collect.”
Through the agreement, Parallon is providing Huntsville Memorial Hospital with patient access oversight and complete back-office functions, including: billing, collections and cash posting, support services and payment compliance and denials management. Parallon operates one of the largest and most advanced revenue cycle shared services models in the industry, offering full-service solutions from patient registration through account resolution for facilities in 25 states.
"In the face of increasingly complicated reimbursements, more hospitals and health care facilities are looking for leading-edge ways to gain efficiencies and revenue opportunities,” said Eric Ward, president of Parallon’s revenue cycle solutions. “In partnering with Huntsville Memorial Hospital, our goal is to achieve an immediate and sustainable impact that enables the hospital to continue focus on activities that are important to its mission.”
“One of the key drivers in working with Parallon is its expertise in creating a sustainable operational model that will help us advance our mission to care for our community,” added Shannon Brown, chief executive officer at Huntsville Memorial Hospital. “We are confident that Parallon’s scale, full suite of services and proven best practices will help us identify significant improvement opportunities to net revenue and reductions in cost to collect.”
For more information about Parallon Business Solutions, visit www.parallon.net or call 615-807-8000.
About Parallon Business Solutions
Headquartered in Franklin, Tenn., Parallon Business Solutions is a leading provider of healthcare business and operational services. Parallon partners with hospitals and healthcare systems to improve their business performance through best practices in revenue cycle, group purchasing through HealthTrust, supply chain, technology, workforce management and consulting. Parallon is committed to bringing a deep and evolving knowledge, a long track record of operational excellence and a broad portfolio to all partnerships, in order to help them to thrive in the communities they serve. Parallon employs more than 22,000 professionals and serves more than 1,400 hospitals and 11,000 non-acute care providers. Visit www.parallon.net or follow @ParallonConnect.
About Huntsville Memorial Hospital
Since 1927, Huntsville Memorial Hospital has provided benevolent and charitable health care services, setting the standard for quality, proficient health care for the residents of Walker County and the surrounding communities. At Huntsville Memorial, we have great people who are passionate about your health. We have outstanding physicians, motivated leadership, and compassionate staff. We are your friends and neighbors – dedicated to excellence in everything we do – right here at home.