What You Should Know:
– Mary Washington Healthcare (MWHC) has selected Ensemble, a provider of revenue cycle management solutions to outsource revenue cycle operations.
– The RCM outsourcing agreement will leverage Ensemble’s innovative technologies and expert team to enhance MWHC’s financial performance and elevate the patient financial experience.
Ensemble’s Proven Track Record
With the addition of MWHC, Ensemble now manages an impressive $35 billion in annual net patient revenue, partnering with more unique health systems than any other firm in the industry. The company’s focus on rapid value delivery and sustained high performance is evident in its track record:
- Meeting 100% of year-one client goals
- Exceeding 102% of year-one cash collections
- Delivering an average 5% net revenue improvement annually across its client base
Benefits of the Partnership
Mary Washington Healthcare is a comprehensive regional healthcare system serving a large portion of Virginia. With over 60 facilities, including two hospitals, four emergency departments, and a robust outpatient network, MWHC provides a wide range of inpatient and outpatient services. As a non-profit organization, MWHC is committed to delivering high-quality care to all members of its community, regardless of their ability to pay.
By partnering with Ensemble, MWHC aims to:
- Improve financial performance: Optimize revenue cycle processes to enhance financial stability and sustainability.
- Enhance patient experience: Create a more seamless and positive financial experience for patients.
- Focus on patient care: Allow MWHC staff to dedicate more time and resources to delivering exceptional patient care.
This partnership comes amidst a wave of success for Ensemble, including similar collaborations with major health systems like Carilion Clinic, Tower Health, Beebe Healthcare, and Tallahassee Memorial Healthcare. Ensemble also recently achieved HITRUST Risk-Based, 2-year certification for its robust cybersecurity measures, secured its tenth U.S. patent for advanced revenue cycle technology, and joined the Epic Rev Cycle Partners program.
“We are thrilled to partner with a trusted name in healthcare that shares in our mission of redefining the possible and our vision of creating excellence and innovation in patient care,” said Judson Ivy, Founder, President and CEO of Ensemble. “We are committed to delivering a frictionless revenue cycle with exceptional results and improved financial outcomes so healthcare providers like MWHC can focus on delivering the best care to their patients. By deploying best practices, data-rich intelligence and expert operational management we will help MWHC deliver on their mission and make a true impact in their communities.”
