Texas hospitals and health systems seek innovative solutions to address challenges; endorses Connance, Inc. for cutting-edge predictive analytics
BOSTON—April 23, 2018—Connance, a leading provider of healthcare predictive analytic solutions, has been endorsed by the Texas Hospital Association as a partner to help Texas hospitals more efficiently and effectively manage revenue cycle initiatives for denials management, patient payment, and agency vendor management. Connance supports healthcare providers by leveraging data and predictive technology to drive process improvement and streamline workflows. The results include improved patient engagement, simplified third-party vendor relationships, and superior financial results.
“Now more than ever, reimbursement and declining margins are constant and costly challenges for Texas hospitals,” said Ted Shaw, THA president and CEO. “We are confident that partnering with Connance will help our hospitals improve collections, decrease payment cycles, and engage patients more compassionately and effectively.”
Connance technology solutions are unique in their blending of advanced predictive analytics, workflow technology and integration with existing provider systems. Designed to improve with time, Connance solutions enable providers to realize sustained performance improvement even as their market situations change. Many existing revenue cycle solutions are static solutions amidst a dynamic environment or fail to leverage existing technology foundations.
“We are passionate about finding ways to enable hospitals and all clinicians, in Texas and nationally, to not only survive but thrive as the industry moves to patient-centric and value-driven care, ” said Steve Levin, Connance co-founder and CEO. “With significant investment in new technologies and rapidly changing reimbursement, the entire health community needs to use data and innovation for lasting success. Connance is pleased to partner with the Texas Hospital Association and continue the steady improvement in communities and homes across the great state. ”
About Connance, Inc.
Connance is the healthcare industry’s leading provider of predictive analytics solutions that personalize the financial and clinical experience for patients. Transforming the revenue cycle and value-based care delivery, Connance leverages data science, integrated to workflow to drive enhanced performance. Connance delivers Patient Pay Optimization, Reimbursement Optimization and Value-Based Risk solutions that combine our data, hospital data and consumer data to stratify patients based on social determinants to predict behavior and provide actionable insights to improve net income and patient outcomes. Connance solutions connect more than 500 hospitals, over 1000 physician practices, and other clinical locations, and more than 80 collection agencies nationwide creating the largest research database of its kind. For more information call (781) 577- 5000 or visit www.connance.com.
About Texas Hospital Association
Founded in 1930, the Texas Hospital Association is the leadership organization and principal advocate for the state’s hospitals and healthcare systems. Based in Austin, THA enhances its members’ abilities to improve accessibility, quality, and cost-effectiveness of health care for all Texans. One of the largest hospital associations in the country, THA represents more than 85 percent of the state’s acute-care hospitals and healthcare systems, which employ more than 365,000 health care professionals statewide.
Nicole Hess, Connance
Lance Lunsford, Texas Hospital Association