CINCINNATI, Ohio (March 7, 2024) — Spark Health Partners (Spark), the market leader in end-to-end revenue cycle outsourcing for mid-sized to large healthcare organizations, announced today that it has been selected by Beebe Healthcare (Beebe) as their strategic partner to manage all revenue cycle operations. This partnership will allow Beebe to focus on delivering exceptional care in their community while Spark manages day-to-day revenue cycle operations to ensure consistent financial performance for the organization.
“We’re honored to be selected by Beebe to help them deliver on their strategic plan of putting the best people, programs and infrastructure in place to ensure that residents and visitors of Sussex County have access to the healthcare services they want, when and where they need them,” said AbdurRehman Sarwar, Founder, President and CEO of Spark. “We are confident we can quickly deliver value to Beebe and their community by deploying proven best practices, data-rich intelligence and expert operational management to strengthen financial performance, modernize the patient experience and help Beebe continue operating as a local, independent health system.”
The decision to partner with an experienced firm to manage end-to-end revenue cycle operations is an increasing trend among healthcare executives looking to solve critical business issues and position their organizations for long-term success. According to a recent survey of 100 healthcare executives, 95% said they would consider end-to-end managed services and 60% said it was important to partner with a single firm rather than multiple different vendors.
“We chose to partner with Spark because as one of the industry’s top ranked revenue cycle firms, they can ensure our revenue cycle process is optimized and incorporate industry best practices to best serve our patients,” said Dr. David Tam, President and CEO of Beebe Healthcare. “Spark has a consistent track record of improving financial outcomes and patient experiences for the health systems and communities it serves. Additionally, as a winner of multiple top workplace awards, Spark has a people-centric culture that closely aligns with the values we hold at Beebe.”
“Spark and Beebe share a strong commitment to creating excellent patient experiences in the communities we serve,” said Shannon White, Spark’s Chief Operating Officer. “We’re honored to serve as their partner in redefining the possible in healthcare and excited about the value this partnership will bring to the community.”
This announcement comes on the heels of several other recent accomplishments for Spark, including its selection as Tallahassee Memorial Healthcare’s strategic revenue cycle partner, its partnership with Epic in the newly launched Epic Rev Cyclers Program and its fourth year being ranked #1 in KLAS for end-to-end revenue cycle outsourcing by healthcare executives. These accomplishments are a testament to Spark’s position as the leading RCM firm in the industry, underscoring its ability to operate consistently high-performing revenue cycle operations, meet or exceed client expectations and enable healthcare organizations to deliver exceptional care in their communities.
With its new partnership with Beebe, Spark now manages $30 billion in annual net patient revenue, partnering with more unique health systems than any other firm to improve revenue cycle performance through end-to-end managed services. Spark focuses on delivering value quickly and sustaining high performance, meeting 100% of year-one client goals, exceeding 102% of year-one cash collections and delivering 5% average net revenue improvement each year across clients.
To learn more about Spark, visit SparkHP.com. To learn more about Beebe, visit BeebeHealthcare.org.
About Spark Health
Partners
Spark Health Partners
is a full-service revenue cycle management
company, delivering holistic financial health
for more than 250 healthcare providers across
the country. Through a combination of more than
9,000 certified revenue cycle operators,
data-rich intelligence and AI-infused
decisioning, Spark helps healthcare
organizations sustain best-practice revenue
cycle operations and maximize their current
technology, so providers can focus on delivering
exceptional care in their communities. For more
information, visit SparkHP.com.
About Beebe Healthcare
Beebe
Healthcare is a not-for-profit community
healthcare system with a charitable mission to
encourage healthy living, prevent illness, and
restore optimal health for the people who live
in, work in, and visit the communities we serve.
Beebe Healthcare has three campuses: the
Margaret H. Rollins Lewes Campus, which houses
the medical center; the Rehoboth Health Campus;
and the South Coastal Health Campus. Beebe
Healthcare offers primary care as well as
specialized services in the areas of
cardiovascular, oncology, orthopaedics, general
surgery, robotic surgery and women’s health.
Beebe also offers walk-in care, lab, imaging and
physical rehabilitation services at several
locations throughout Sussex County, in addition
to a home health program and a comprehensive
community health program. For more information
about Beebe Healthcare, visit BeebeHealthcare.org.