Ensemble Health Partners

Ensemble Health Partners operates as a significant player in the healthcare financial management sector, specializing in revenue cycle management for hospitals and health systems. The company was established in 2014 with the objective of improving the financial outcomes of healthcare providers, allowing them to focus on patient care. Judson Ivy, the founder and CEO, brought extensive experience from his previous role as Chief Financial Officer for a large health system, which informed the company's approach to tackling revenue cycle challenges. This background provided a foundation for creating a model centered on operational excellence and partnership with healthcare organizations.

The firm's business model is structured around end-to-end managed services partnerships. Ensemble Health Partners takes full accountability for the financial performance of its clients, integrating its teams and technology directly into the healthcare provider's operations. This approach involves managing the entire revenue cycle, from patient intake and registration to final payment collection. The company generates revenue by providing these comprehensive services, often tied to performance metrics and a share of the financial improvements delivered. Its client base consists of various health systems across the United States.

A core component of Ensemble's service is its proprietary technology platform, EIQ®, which stands for EnsembleIQ. This platform utilizes analytics, artificial intelligence, and workflow automation to optimize revenue cycle processes. EIQ is designed to provide actionable insights and drive efficiency, aiming to reduce denials from insurance companies and accelerate cash collections. By managing over $39 billion in net patient revenue, the company demonstrates its substantial market footprint. A key achievement highlights its effectiveness, reporting that it consistently meets initial year client goals and delivers a notable lift in net patient revenue for its partners.

Keywords: revenue cycle management, healthcare finance, financial services, medical billing, patient revenue, health systems, accounts receivable, denial management, healthcare administration, EIQ platform