Longitude Health's latest initiative seeks to improve the patient billing process through revenue cycle management company Longitude FX.
Longitude Health, which several health systems created last year to bolster hospital operations, named Jim Lester as chief executive officer of its latest subsidiary. Lester was chief operating officer of BitPay, a private equity-funded cryptocurrency payment processor.
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Longitude FX aims to reduce health systems’ revenue cycle costs and add transparency to patients’ medical bills, according to a Tuesday news release.
“Our Longitude Health members have identified this initiative as a top priority and we are committed to developing innovative solutions that leverage next-generation capabilities to address the issue,” Brett Moraski, interim CEO of Longitude, said in the release.
Dallas-based Baylor Scott & White Health, Houston-based Memorial Hermann Health System, Winston-Salem, North Carolina-based Novant Health and Renton, Washington-based Providence formed Longitude in October. The for-profit company has also launched initiatives designed to help health systems manage specialty pharmacy and population health operations.
