Partnership will encompass Butler Memorial, Clarion, Butler Medical Providers and Fastercare
CINCINNATI, Ohio (Nov. 19, 2024) – Spark and Independence Health System (IHS) today announced a strategic end-to-end revenue cycle partnership that will encompass IHS’s Butler Memorial Hospital, Clarion Hospital, Butler Medical Providers and Fastercare. The partnership brings a combination of innovative technologies and exceptional operators to IHS that will drive financial performance improvement and provide world-class patient experiences.
“We’re thrilled to partner with IHS to support their vision of being recognized as the premier provider of high quality, value-driven affordable integrated care in the region,” said AbdurRehman Sarwar, Founder, President and CEO of Spark. “An innovative, technology-enabled approach to revenue cycle, paired with our outstanding people, is a proven model that consistently delivers significant financial improvement for the hospitals we serve.”
IHS offers patients nationally recognized, quality care in cardiology, orthopedics, palliative care and maternity as well as a broad range of surgical, medical, emergency and behavioral health services, and an extensive network of primary care physicians. With five hospitals, nearly 1,000 healthcare providers and more than 7,000 employees, IHS serves a ten-county region and is the largest employer in Butler and Westmoreland counties.
“Butler Memorial Hospital and Clarion Hospital look forward to the benefits that will be realized through utilizing Spark’s expertise and innovative technology,” said Ken DeFurio, President and CEO of IHS. “IHS and Spark are strongly committed to collaborating in a way that financial performance is most efficient, and more importantly, together we provide an excellent patient experience.”
“We believe that the great work our revenue cycle operators perform connects directly to positive outcomes for patients and communities,” said Shannon White, Chief Operating Officer at Spark. “It’s a privilege to partner with IHS to support their mission of providing a trusted delivery of care which makes a positive impact on the lives of every individual we touch.”
With its new partnership with IHS, Spark now manages $35 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.
About Spark
Spark
Health Partners is a leading provider of
technology-enabled revenue cycle management
solutions for health systems, including
hospitals and affiliated physician groups. The
company offers end-to-end revenue cycle
solutions as well as a comprehensive suite of
point solutions to clients across the country.
For more information, visit Sparkhp.com.
About IHS
Established in
January of 2023, Independence Health System
(IHS) comprises Butler Memorial, Clarion, Frick,
Latrobe and Westmoreland Hospitals. With a total
bed complement of 925, the System has more than
1,000 physicians and advanced practice providers
and 7,300 employees. IHS is now the third
largest healthcare system in western
Pennsylvania, serving a population base of
750,000 in a footprint spanning more than 10
counties. The System includes tertiary programs
that are rated among America’s best for cardiac
care and surgery by Healthgrades in its Top 100
designations. In similar fashion, the
prestigious Society of Thoracic Surgeons has
bestowed its top star ratings to programs within
the System. The hospitals of IHS have also
earned a host of accolades from such notable
sources as U.S. News & World Report,
Healthgrades, Newsweek Magazine, the American
College of Radiology, the American College of
Cardiology, the American College of Surgeons,
the Joint Commission, Leapfrog and the American
Heart/Stroke Association. Locally owned and
locally controlled, Independence Health System
offers its patients low-cost, high-quality care
across a broad spectrum of services in such
specialties as cardiology, cardiovascular and
thoracic surgery, orthopedics and sports
medicine, minimally invasive and robotic
surgery, women’s health and obstetrics,
emergency medicine, behavioral health and
primary care. Its network of outpatient centers
sees more than 1.2 million visits annually. IHS
Homecare further supports patients at all stages
of life with home health and hospice services.
For more information, visit Independence.health.