![]() Together, the network of providers cares for more than 40% of all hospice patients in Colorado, according to Bowen. Their service region extends to the Wyoming state border with an overall population base of more than 4.5 million residents. The collaborative’s combined geographic footprint spans across Colorado Springs at the southern end of the Front Range to the Denver and Boulder metropolitan areas. It has allowed the affiliates to offer far more competitive salaries for staff and a wider array of benefits, far exceeding what any one affiliate was able to offer and afford on their own.” “When you add in the group purchasing and group contracting opportunities that scale offers, it has materially improved financial performance and cost control for each affiliate. “By consolidating, combining and integrating all of the back-office functions that were historically done by each individual affiliate, it has dramatically improved the cost efficiencies and economies of scale that these providers cannot achieve on their own,” Bowen told Hospice News. The combined collaborative allows the providers to not only pool their operational resources, but also grow and sustain their financial and staffing opportunities, according to Tim Bowen, CEO of Care Synergy. Through the consolidated operating system, each provider utilizes the same software programs and organizational tools, including electronic medical record and general ledger systems. Each organization will continue their own quality, licensure and compliance operations while working together to share best practices and generate cost-sharing efficiencies in a strategic collaboration.Ĭare Synergy provides a shared pool of services such as accounting, payroll, revenue cycle and treasury management, information technology (IT), human resources, compliance, education, and marketing and communications. Within the Care Synergy model, each provider continues to operate as its own distinct and independent entity. Collaborations such as these have been vital for many smaller hospices to remain competitive with larger players in the space and to maintain eligibility for value-based payment programs such as direct contracting.Ĭare Synergy is a cooperative enterprise of four affiliate organizations that include The Denver Hospice, Pathways Hospice and Pikes Peak Hospice and Palliative Care, along with home health provider The Colorado Visiting Nurse Association. ![]() A group of nonprofit hospice, home health, and palliative care providers have formed a collaborative network to support, sustain and grow their services across Colorado.
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