St. Vincent Health Selects ARx for Extended Revenue Cycle Services
FRANKLIN, Tenn. – St.Vincent Health is expanding its long-term relationship with ARx, adding extended revenue cycle management services to more of its facilities to help increase cash flow and improve margins. ARx will assist in the management of billing, revenue recovery and accounts receivables collections. ARx will also be assisting St. Vincent in the migration of two of its hospitals into the organization’s central business office (CBO) operations center. The two newest hospitals are St. Vincent Salem Hospital, a 25-bed facility in...
read moreHealthcare Industry Contributes $30 Billion to Nashville Economy
HEALTH CARE INDUSTRY CONTRIBUTES $30 BILLION ANNUALLY TO NASHVILLE ECONOMY Health Care is Largest and Fastest Growing Local Employer NASHVILLE – Nashville’s health care industry contributes nearly $30 billion and 210,000 jobs to the local economy, according to an economic impact study released today by the Nashville Health Care Council. The industry also has a far global reach, with 56 health care company headquarters* that generate nearly 400,000 jobs and more than $62 billion in revenues worldwide. “The health care industry is...
read moreSmall But Mighty: Rural Hospitals Cope With Many Challenges – July 28, 2009
By Barbara Kram, Editor This report originally appeared in the July 2009 issue of DOTmed Business News As politicians in Washington duke it out over health care, rural and community hospitals are certain to be a focus. The mission of primary care, the need for chronic disease management and caring for the uninsured are priorities for small hospitals and for national health policy. Whatever form reform takes, the nation’s rural hospitals are likely to benefit, or at least not be overlooked (Policy Update: Government Agencies Showing New...
read moreARx Spells the Difference in Hospitals Staying Afloat – April 28, 2009
DotMed.Com News By Rabia Paracha, DotMed.Com Project Manager (For full story, go to: http://www.dotmed.com/news/story/8924/) Business, administrative, and office functions of a hospital are almost as important as the clinical functions to the quality of care provided. In fact, these office functions can spell the difference in staying afloat. The most successful provider organizations recognize the need for a business partner who can generate all the revenue to which the organization is entitled. ARx, LLC, a Tennessee-based company has...
read moreCase Study – Full Business Office Outsourcing Services
ARx CLIENT The ARx client featured in this case study is a not-for-profit, integrated healthcare system in the eastern United States that serves more than 3.5 million people in 34 counties spanning three states. The system has over 26 facilities that include large acute care hospitals, small rural hospitals and a number of outpatient centers and specialty clinics. SITUATION/ CHALLENGE In 2006 the healthcare system purchased a 60-bed Community Hospital from another large hospital system. At the time of acquisition, the hospital was operating...
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