Conifer Health Solutions Acquires Dell’s Revenue Cycle Management Business for Hospitals and Healthcare Systems

  Conifer Health Solutions Acquires Dell’s Revenue Cycle Management Business
  for Hospitals and Healthcare Systems

Acquisition extends Conifer’s capabilities and increases clients to more than
                           500 healthcare entities

Business Wire

FRISCO, Texas -- November 05, 2012

Conifer Health Solutions, a subsidiary of  Tenet Healthcare Corporation
(NYSE:THC) and a leader in business process management solutions for
healthcare providers, has acquired Dell’s Revenue Cycle Solutions line of
business for hospitals and healthcare systems. The acquisition will increase
the annual patient revenue Conifer manages for its client hospitals to $21
billion. Conifer and Dell anticipate a smooth transition of Dell’s 34 revenue
cycle management clients and 800 revenue cycle management employees to Conifer
over a period of 12 months. Once fully integrated, Conifer expects the
business from this acquisition to contribute $85 million in incremental annual
revenues to Conifer.

Conifer will leverage Dell’s additional technology and processing capabilities
to create new cost efficiencies, contribute to the continued development of
industry best practices, and drive improved financial performance for client
hospitals. Subsequent to this acquisition, Conifer will now process 10 million
patient accounts annually, manage $21 billion in annual patient revenue, and
through its capitation management business provide technology and health
management services to support care management for over three million lives.

“Conifer continues to expand our leadership position in providing business
process management solutions for healthcare,” said Stephen Mooney, president
and chief executive officer of Conifer Health Solutions. “Over our 34-year
history as part of a major healthcare system, and with our Catholic Health
Initiatives partnership and now the InforMed and Dell Revenue Cycle
acquisitions, we have built an industry leading revenue cycle infrastructure
powered by 9,000 employees and significant process and technology innovations
that differentiate us from others in the market.”

“Having worked with Conifer and Tenet for many years, we view our combined
capabilities as great for the industry and for our shared customers,” said
Steve Schuckenbrock, president of Dell Services. “Dell is ranked No. 1 by
Gartner in IT Services within the worldwide healthcare sector. While Conifer
is acquiring our hospital revenue cycle management business, we plan to
leverage our healthcare expertise, proven methodologies and robust delivery
model to continue providing IT solutions to Conifer as it grows its client
base.”

About Conifer Health

Conifer Health Solutions is a healthcare business process management services
provider working to improve operational performance for more than 500
hospitals and healthcare entities so they can better serve their communities,
communicate effectively with patients, and support patient financial
administration. We have a passion for maximizing financial performance, while
at the same time improving the patient experience.

We provide comprehensive operational management for revenue cycle functions
including patient access, revenue integrity, and patient financial services.
We also offer patient communications solutions to optimize communication
between providers and patients, including patient education, outreach,
scheduling, medical necessity screening and HCAHPS (Hospital Consumer
Assessment of Healthcare Provider and Systems Survey) reporting. In addition
to revenue cycle management and patient communications, our service offerings
have expanded to support value-based healthcare performance through clinical
integration, population health management, and financial risk management
solutions.

Conifer Health can now offer our healthcare clients solutions that address the
entire continuum of health administration. For more information, call
1-877-CONIFER or visit www.coniferhealth.com.

Conifer Health Solutions, Inc. is a subsidiary of Tenet Healthcare Corporation
(NYSE:THC). Some of thestatements in this release may constitute
forward-looking statements. Such statements are based onourcurrent
expectationsand could be affected by numerous factors and are subject to
various risksand uncertainties, certain of which arediscussed inTenet’s
filings with the Securities and Exchange Commission, includingits annual
report on Form 10-K for the year ended Dec. 31, 2011, quarterly reports on
Form 10-Q, and periodic reports on Form 8-K. Do not rely on any
forward-looking statement, as we cannot predict or control many of the factors
that ultimately may affect our ability to achieve the results estimated. We
make no promise to update any forward-looking statement, whether as a result
of changes in underlying factors, new information, future events or otherwise.

Contact:

Conifer Health Solutions
John Hoffmann, 972-335-6104
john.hoffmann@coniferhealth.com
or
Dell
Corie Pierce, 972-577-3430
corie_pierce@dell.com
 
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