Collaboration brings advanced contract modeling and revenue optimization tools to rural and community hospitals, specialty practices, and ASCs, ensuring fair and accurate reimbursement
PayrHealth, the industry’s leading Complete Payor Management solution, and SlicedHealth,Inc. the industry’s most disruptive Payor Contract Modeling Platform have announced a strategic partnership to empower healthcare providers with advanced tools for optimizing payor contracting and revenue cycle management.
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Through this collaboration, PayrHealth will integrate the SlicedHealth contract modeling platform into its suite of services, enabling hospitals, health systems, specialty practices, and ambulatory surgery centers (ASCs) to gain unprecedented insights into payor contracts. This partnership will allow providers to identify underpayments, optimize reimbursements, and negotiate contracts with greater confidence and accuracy.
“In today’s healthcare environment, many hospitals and provider organizations still rely on manual processes and spreadsheets to model their payor contracts, leaving them at a significant disadvantage,” said Reed Liggin, CEO and co-founder, SlicedHealth. “By integrating our disruptive contract modeling engine with PayrHealth’s deep expertise in payor negotiations, we are leveling the playing field and equipping providers with the data-driven tools they need to maximize financial performance.”
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PayrHealth will also leverage SlicedHealth’s modeling capabilities to support true contract simulations, enabling healthcare organizations to evaluate payor proposals against past and projected financial outcomes. This data-driven approach allows providers to negotiate more effectively, minimize underpayments, and reduce claim denials.
Rural hospitals in particular struggle with payor contracting and revenue cycle management due to limited negotiating power, resource constraints, reliance on manual processes, and high claim denial rates. Many operate on thin margins and lack the technology to optimize reimbursements, making them financially vulnerable.
“This partnership aims to bridge the gap by equipping healthcare providers, especially those in rural areas with advanced contract modeling and financial insights, enabling them to secure fair reimbursements and improve financial sustainability,” said Armando Cardoso, CEO, PayrHealth. “By incorporating SlicedHealth’s technology, we’re ensuring that providers have access to the most sophisticated contract modeling tools available, helping them achieve financial sustainability and focus on delivering quality patient care to the people who need it most.”
As part of the agreement, SlicedHealth contract modeling software will operate under the PayrHealth brand, seamlessly integrating into PayrHealth’s existing solutions for contract negotiation and revenue optimization. This partnership represents a significant step forward in helping healthcare providers proactively manage payor relationships and drive better financial outcomes.
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Source – PR Newswire
