Ensemble recognized with multiple revenue cycle awards for excellence in healthcare services

In Cincinnati, Ohio, on December 2, 2024, Ensemble has successfully received three out of four annual awards from Clarivate Healthcare Business Insights, emphasizing its superior performance in revenue cycle management for healthcare providers. This achievement marks the sixth time Ensemble, along with its partners, has been acknowledged for outstanding service in enhancing clients' financial outcomes. This year's awardees showcased top decile performance in various important metrics, which are critical for healthcare organizations' fiscal health, demonstrating an unwavering commitment to improving revenue cycle efficiency. Among the key accomplishments highlighted during the award presentation are the impressive cash collection rates and overall appeal success rates achieved by Ensemble and its partners. For instance, cash collections as a percentage of net revenue reached an extraordinary 108.3%, while the overall appeal success rate hit 98.7%. Additionally, there was a remarkable 13.2% year-over-year improvement in cash collections, with a notable reduction in net accounts receivable days by 0.4. These figures support the notion that effective revenue cycle management directly correlates with improved financial health for healthcare providers. The awards were granted based on a detailed examination of revenue cycle performance indicators while considering operational efficiency focused on various workflows. The evaluation included initial denial percentages across various revenue cycle areas, which help in identifying areas that require attention and remediation. Furthermore, the awardees implemented innovative strategies centered around key areas such as process optimization, revenue cycle data analytics, and payer management, emphasizing the dynamic nature of the revenue cycle landscape in healthcare today. Shannon White, Ensemble's Chief Operating Officer, commented on the significance of the recognition, affirming the commitment to exceeding client expectations while maximizing their financial margins. This emphasis on delivering exceptional client experiences allows healthcare organizations to focus on their primary goal of providing high-quality care to patients rather than getting bogged down in the intricacies of revenue cycle management. Overall, the recognition by Clarivate Healthcare Business Insights underscores the importance of innovation and high performance in the challenging healthcare environment and reaffirms Ensemble’s role as a leader in the revenue cycle management field.