Case Study: Fox Chase Cancer Center - Revenue Cycle
Fox Chase Cancer Center is part of the Temple University Health System, a $17 billion academic health center. Fox Chase is ranked among the best hospitals for cancer care and has been designated as a Comprehensive Cancer Center by the National Cancer Institute. However, Fox Chase was experiencing severe financial challenges that left it with essentially no operating capital.
Huron partnered with leadership at Temple University Health System and Fox Chase to increase cash collections, standardize processes, reduce denials, and increase accountability. Huron's Revenue Cycle solution enabled Fox Chase to achieve a $12 million annually recurring revenue benefit - equal to 5 percent of Net Patient Revenue improvement.
"We have a unique environment with a free-standing Comprehensive Cancer Center affiliated with an academic health system," said Robert Lux, senior vice president and CFO, Temple University Health System. "Huron customized their solution to meet our needs, allowing us to achieve outstanding results. We saw strong improvement in all key metrics and exceeded the high-end financial benefit target for the engagement."Download Now