Conifer Health Solutions, a subsidiary of
Tenet Healthcare Corp.
) has allied with analytics service provider, VisiQuate, Inc. to
enhance its revenue management solutions. VisiQuate is well known
for providing predictive analytics services that reduce the gap
between real-world data and business analytics and help the
clients engage in efficient decision-making.
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Revenue management helps clients understand consumer behavior
better and optimize the availability of products and prices so as
to ensure a steady revenue stream and efficiently maximize the
revenue growth of the company. The existing revenue management
solutions of Conifer thus allows healthcare service providers
such as hospitals, health systems, physicians and government
health plans to utilize competent revenue management to better
connect with their patients. The alliance with VisiQuate is an
enhancement to Conifer's existing service.
VisiQuate's business intelligence technology will present a clear
idea about its clients' operations to Conifer, help it to delve
into all the aspects of revenue management of its clients and
thus provide its revenue management services more competently.
Conifer will be able to predict clients' consumer behavior
towards aligning product prices and availability effectively.
This should improve yields and in turn drive client productivity
and thus help Tenet's Conifer retain customer confidence.
With increasing focus on improving the quality of care,
healthcare service providers often find it difficult to cope with
the increased cost of healthcare. Thus revenue cycle management
provided by companies like Tenet's Conifer helps the healthcare
industry address this issue. We believe an augmentation in the
revenue management service through the alliance with VisiQuate is
an added advantage for Tenet's Conifer as it should bring in a
greater number of clients and further expand the existing
clientele base of more than 700.
Tenet's Conifer's revenue cycle management has been associated
with big names like Dell Inc. and Catholic Health Initiatives
(CHI). Tenet expanded its business process solutions provider,
Conifer by acquiring Dell's Revenue Cycle Solutions line of
business for hospitals and healthcare systems in Nov 2012. In May
2012, it entered into a ten year agreement with CHI to provide
revenue cycle services to its 56 hospitals nationwide.
Tenet currently carries a Zacks Rank #3 (Hold). Among others in
the healthcare space,
Acadia Healthcare Co.
VCA Antech Inc.
HCA Holdings, Inc.
) carry a favorable Zacks Rank #2 (Buy) and appear