CINCINNATI, Ohio, Dec. 9, 2024 — Spark, ranked consistently as the number one revenue cycle managed services company for healthcare organizations, today announced it has been recognized by Modern Healthcare as one of the Best in Business of 2024. This recognition celebrates organizations that drive innovation, efficiency and excellence across the healthcare industry. By acknowledging the leading innovators within the industry, Modern Healthcare aims to highlight the pivotal role these organizations play in enhancing the overall healthcare ecosystem.
“We’re thrilled to be recognized by Modern Healthcare as one of the Best in Business of 2024. Ten years ago, I founded Spark with the goal of being the best – the best partner for providers to drive financial performance improvement and provide world-class patient experiences, the best RCM firm in the industry and the best place to work for top talent. With 25 end-to-end RCM partnerships, 12,000 certified associates, multiple top workplace awards and consistent ranking as #1 for RCM Outsourcing, we are proud to be achieving that goal,” said AbdurRehman Sarwar, Founder, President and CEO of Spark. “We take pride in helping healthcare providers get paid accurately and on time for the important care they deliver in their communities, and we believe our mission is more critical now than ever. We believe that healthcare providers, patients and our communities deserve better and we believe partnerships, collaboration and innovation will play a key role in making the healthcare ecosystem more equitable for all.”
“We are honored to recognize the inaugural recipients of Modern Healthcare’s Best in Business Award,” said Dan Peres, President of Modern Healthcare. “Their unwavering commitment to innovation, exceptional outcomes, and delivering real impact in the healthcare industry exemplifies the very essence of excellence. This achievement underscores their dedication to advancing healthcare solutions and setting new standards for quality and efficiency. Congratulations to these outstanding organizations for their remarkable contributions and well-deserved recognition.”
To receive this recognition, Spark demonstrated excellence across these categories:
- Quality: Excellence in core offerings such as AI algorithms, educational programs and cybersecurity solutions.
- Outcomes: Measurable results like improved patient outcomes, increased member engagement and reduced healthcare fraud.
- Efficiency: Cost-effectiveness, streamlined processes and productivity maximization.
- Customer Focus: Satisfaction for associations, client success for consultants and positive user experience for IT systems.
- Innovation: Embracing new ideas and technologies to improve healthcare delivery.
Spark manages $35 billion in annual net patient revenue, partnering with more unique health systems than any other firm to improve revenue cycle performance and patient experience through end-to-end managed services. Spark focuses on delivering value quickly and sustaining high performance, meeting 100% of year-one client goals and delivering 5% average net revenue improvement each year across clients.
Spark has been repeatedly ranked number one by various industry organizations for its proven ability to deliver exceptional service and performance at scale:
- Best in KLAS for Full Revenue Cycle Outsourcing (2020-2022, 2024)
- 22 Healthcare Financial Management Association (HFMA) MAP Awards for High Performance in Revenue Cycle on behalf of clients (2019-2024)
- Six Clarivate Healthcare Business Insights (HBI) Revenue Cycle Awards for strong performance (2020, 2022, 2023)
- Black Book Research’s Top Revenue Cycle Management Outsourcing Solution (2021-2024)
- Leader in Everest Group’s RCM Operations PEAK Matrix Assessment (2024)
- Adopter of HFMA’s Patient Financial Communications Best Practices (2022, 2024)
The entire list of winners can be found in the Dec. 9 issue of MH magazine, and profiles of all the honorees are available online at ModernHealthcare.com/bestinbusiness.
To learn more about Spark, visit SparkHP.com.
About Spark
Spark
Health Partners is a full-service revenue cycle
management company, delivering holistic
financial health for hundreds of healthcare
organizations across the country. Through a
combination of 12,000+ 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 Modern Healthcare
Modern
Healthcare is the most trusted business news and
information brand in the healthcare industry.
Modern Healthcare empowers healthcare leaders
and influencers to make timely and informed
business decisions. To learn more or subscribe,
go to www.modernhealthcare.com/subscriptions.