Franciscan Missionaries of Our Lady Health System Selects Cymetrix for Revenue Cycle Management
FMOLHS partners with Cymetrix for system-wide revenue cycle standardization, performance management and enhanced technology capabilities
IRVINE, Calif., Feb. 5, 2013 /PRNewswire/ -- Cymetrix, a national leader in providing healthcare organizations and hospital-affiliated physician practices with comprehensive revenue cycle management solutions and consulting services, today announced a partnership with Franciscan Missionaries of Our Lady Health System (FMOLHS) to support its enterprise-wide initiative to restructure, standardize and improve revenue cycle performance.
In this partnership, Cymetrix will implement its comprehensive revenue cycle management solutions and proprietary technology to help FMOLHS increase yield and improve collections. FMOLHS will collaborate with Cymetrix to lead initiatives focused on revenue cycle process redesign and implement industry leading best practices for the systems' four acute care facilities.
"FMOLHS was looking for a partner that offered a collaborative approach to support our revenue cycle initiatives," said Robert Ramsey, CFO of FMOLHS. "Cymetrix was selected because of their comprehensive solutions and business intelligence, supported by a proven track record of delivering sustained revenue cycle improvement."
"We are excited to work with the Cymetrix team and leverage their revenue cycle expertise throughout our organization," said Ronald Hogan, regional CFO of FMOLHS.
"Cymetrix is honored to be selected by FMOLHS to help standardize revenue cycle operations and create a strong, yet flexible foundation that is able to respond to changes in our dynamic industry," said Michael Halberda, president and CEO of Cymetrix. "Our solutions leverage proprietary technology and best practices with the operational expertise needed to optimize our customer's revenue cycle and help support their mission."
About Franciscan Missionaries of Our Lady Health System
The Franciscan Missionaries of Our Lady Health System delivers compassionate care to all persons - especially those most in need - by providing high quality, cost effective medical care. This Louisiana not-for-profit corporation serves as the parent for the healthcare ministry, which includes four hospitals and a full array of acute care and tertiary services including residential nursing care, PACE, community support, and outreach. The Franciscan Missionaries of Our Lady Health System includes Franciscan Health and Wellness Services, Our Lady of the Lake Regional Medical Center in Baton Rouge, St. Elizabeth Hospital in Gonzales, Our Lady of Lourdes Regional Medical Center in Lafayette, and St. Francis Medical Center in Monroe, and the Senior Services Division. Today, nearly 10,000 dedicated individuals work to advance the system's mission. The health system's combined service area covers more than 1.8 million individuals, representing more than 40% of Louisiana's population.
Cymetrix (www.cymetrix.com) is a comprehensive revenue cycle management company providing healthcare organizations and hospital-affiliated physician practices with end-to-end revenue cycle solutions and consulting services that deliver sustained improvement in performance and profitability. A privately held Delaware Corporation, Cymetrix has corporate headquarters in Irvine, Calif., and business processing centers in Los Angeles, Dallas, and Nashville. Cymetrix's equity partner is Riordan, Lewis & Haden, a private equity investment company based in Los Angeles.
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