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Accrete Health Partners Invests in REVELOHEALTH

In a move aimed at enhancing contract performance and reimbursement accuracy, Accrete Health Partners, which serves as the digital venture arm of Bon Secours Mercy Health (BSMH), has officially announced its investment in REVELOHEALTH. This innovative healthcare information technology company specializes in maintaining contract integrity and optimizing claims repricing processes.

The collaboration, which unites Accrete Health Partners with Sante Ventures, not only promises to bolster REVELOHEALTH's iCALIBRATE platform but also aims to provide better service across health systems and provider partnerships nationwide.

Investment that Aligns with Operational Needs

According to Sam Civello, CEO of REVELOHEALTH, this investment illustrates a strong correspondence between operational imperatives within the healthcare sector and innovative technological solutions. "Health systems and provider groups require enhanced visibility regarding their payment accuracy in relation to various contracts. The iCALIBRATE platform plays a crucial role in identifying discrepancies promptly, thus averting potential financial setbacks," Civello remarked.

The iCALIBRATE platform integrates aspects like payer contract terms, claims data, and reimbursement logic to effectively pinpoint discrepancies before they can negatively affect financial outcomes. The anticipation of expanded deployment of this platform can substantially aid provider groups and health systems in managing their reimbursement processes with greater reliability.

Benefits for Bon Secours Mercy Health

Furthermore, Bon Secours Mercy Health is excited to leverage the potential of iCALIBRATE across its extensive network of physicians. As Staci Lucius, president of Bon Secours Mercy Health Medical Group, Urgent Care and Employer Services mentioned, possessing clear insights into contract performance is essential for maintaining operational consistency and patient access.

This standardization aims to facilitate better contract validation processes, aiding teams in identifying issues in real time, thereby fortifying the organization's revenue integrity.

Collaboration Beyond Investment

The partnership between Accrete Health Partners and REVELOHEALTH extends beyond mere financial backing. Jason Szczuka, president of Accrete Health Partners and chief digital officer of Bon Secours Mercy Health, is set to join the board of directors at REVELOHEALTH, symbolizing a commitment to working closely together to cultivate solutions that yield significant operational and financial advantages.

"ReveloHealth embodies the type of innovation aligned with health systems that we aspire to support through Accrete Health Partners," Szczuka stated. This collaboration emphasizes a commitment to both investment and cooperative development, as both parties aim to scale up the innovative solutions that promise meaningful impacts in healthcare delivery.

Future Prospects for REVELOHEALTH

REVELOHEALTH has laid out its intentions to continue investing not only in innovation for its technology platform but also in expanding its team and forging partnerships with health systems. By prioritizing greater control over reimbursement accuracy and contract performance, REVELOHEALTH is poised for substantial growth in the coming years.

About REVELOHEALTH

REVELOHEALTH focuses on enhancing transparency between payers and healthcare providers by ensuring that claims are processed in accordance with established contracts. Equipped with the iCALIBRATE platform, it enables healthcare stakeholders to unveil discrepancies early, thereby reducing revenue losses and boosting financial performance.

About Accrete Health Partners

As the strategic digital venture branch of Bon Secours Mercy Health, Accrete Health Partners is dedicated to accelerating healthcare transformations. The organization invests in pioneering technology firms that simplify patient and provider experiences, delivering measurable impacts that enhance care delivery.

Insights on Bon Secours Mercy Health

Operating as one of the largest healthcare systems in the United States, Bon Secours Mercy Health serves over 14 million patients annually through a vast network, encompassing hospitals, medical practices, and an array of services designed to tackle complex healthcare challenges. Core to its mission is the commitment to uplift the health and well-being of communities by addressing social determinants of health, illustrating a profound dedication to compassionate care and service.

As healthcare continues evolving, such investments signal a promising future that aligns operational excellence with cutting-edge technological solutions.