Conifer Health Solutions, a subsidiary of Tenet Healthcare Corp., has acquired Dell’s Revenue Cycle Solutions line of business for hospitals and healthcare systems.
The acquisition is anticipated to increase the annual patient revenue Conifer manages for its client hospitals to $21 billion, with Dell’s 34 revenue cycle management clients and 800 revenue cycle management employees.
The transition is slated to take place over the course of a year, after which Conifer expects the acquisition to contribute $85 million in incremental annual revenue to its bottom line.
“Over our 34-year history as part of a major healthcare system, and with our Catholic Health Initiatives partnership and now the InforMed and Dell Revenue Cycle acquisitions, we have built an industry leading revenue cycle infrastructure powered by 9,000 employees and significant process and technology innovations that differentiate us from others in the market,” said Stephen Mooney, president and CEO of Conifer Health Solutions, in a statement.
