Largest Southeast Academic Medical Center Improves Revenue Cycle Vendor Performance
MILWAUKEE, WI, January 6, 2022 — Healthfuse, the industry leader in managing and sourcing revenue cycle vendors for hospitals and health systems, has been selected by Vanderbilt University Medical Center (VUMC), one of the largest academic medical centers in the Southeast, for Revenue Cycle Vendor Management.
Healthfuse combines technology, analytics, and research to improve vendor performance and help healthcare organizations establish revenue cycle best practices. With an already well-established vendor program in place, VUMC decided it needed to refine relationships and deep dive into performance. VUMC selected Healthfuse to help benchmark and improve vendor performance after an in-depth review of 17 vendors.
“Healthfuse is committed to dedicating and investing resources, industry insights, and technology into securing immediate and recurring financial gains for our clients. These gains drive significant cost-savings for health systems nationwide,” said Nick Fricano, founder, and chief executive officer of Healthfuse. “We are proud that our partnership with VUMC provides expert support with the metrics and data needed to strengthen existing vendor accountability and forge new vendor relationships.”
“With an already well-established vendor program, we knew that we needed a partner to find significant opportunities to help drive vendor accountability,” said Heather Dunn, vice president of revenue cycle. “Healthfuse has produced results. We have not only found valuable cost savings, but also now spend significantly less time reviewing contracts and recovering invoices, allowing us to return our focus to improving the quality of care we provide.”
Healthfuse drives revenue cycle vendor performance by building, operating, and optimizing hospital vendor management offices. Working with 200+ hospitals and health systems, creating $700M in bottom-line improvement to date, the Healthfuse VMO platform provides a customizable suite of vendor management applications backed by a dedicated execution team to accelerate cost savings and collections improvement. Healthfuse ensures hospitals and their revenue cycle vendors operate in full transparency, delivering accountability, efficiency, and bottom-line results. Find us here: https://healthfuse.com. Follow us here: LinkedIn, Twitter.