Hancock Health Layoffs: What You Need to Know About Revenue Cycle Changes

Tuesday, 24 September 2024, 05:46

Hancock Health layoffs are set to affect 50 workers starting November 3rd, signaling significant changes in the revenue cycle team. The hospital's management has engaged Revology for enhanced revenue cycle management. These strategic adjustments come as a response to projected patient volume increases.
Fox59
Hancock Health Layoffs: What You Need to Know About Revenue Cycle Changes

GREENFIELD, Ind. -- Starting in early November, 50 workers are expected to be laid off from the Hancock Regional Hospital in Greenfield, according to a recent Worker Adjustment and Retraining Notification submitted to the Indiana Department of Workforce Development.

According to the WARN notice, Hancock Regional Hospital will lay off 50 workers on Nov. 3. Officials with Hancock Health stated that various workers' titles will be affected.

In a statement from Steve Long, the chief executive officer of Hancock Health, he mentioned that about a year ago, the system partnered with a company called Revology to enhance the hospital's revenue cycle team.

According to its website, Revology is a tech-enabled revenue cycle management firm. Over the past year, Long said that a purely local approach would not suffice to meet future patient volumes.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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