Kodiak Solutions Recognizes Health Systems Across the Country in Its Fourth-Annual Revenue Cycle Awards

Winners recorded industry-leading performance across eight revenue cycle KPIs amid difficult industry headwinds

Kodiak Solutions is excited to announce our fourth-annual Revenue Cycle Awards winners. The awards recognize excellence in healthcare revenue cycle operations and are based on an organization’s performance on eight of Kodiak’s Revenue Cycle KPI metrics.

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Kodiak Solutions recognized health systems across the country for excellence in the company's fourth-annual Revenue Cycle Awards.

Kodiak Solutions held a webinar Thursday, March 13, 2025, hosted by Kodiak’s Colleen Hall, SVP of Revenue Cycle, and Matt Szaflarski, VP of Revenue Cycle. Hall, Szaflarski and representatives from several of the winning health systems discussed the strong financial headwinds hospitals and health systems faced in 2024, trends that continue this year.

“The Revenue Cycle Awards winners combine creative solutions with day-to-day excellence in revenue cycle management. Their excellent performance provides the financial foundation to support the clinical workers who care for their communities,” Matt Szaflarski, Kodiak Vice President, Revenue Cycle Intelligence, said. “I was energized by hearing their stories.”

Watch highlights of the webinar.

About the Awards

The Revenue Cycle Awards recognized awardees in multiple revenue cycle categories.

The Top Revenue Cycle Award recognized organizations for their overall performance on eight revenue cycle KPIs monitored through Kodiak Solutions’ Revenue Cycle Intelligence products. Organizations were scored using Kodiak’s Revenue Cycle Index Score, which aggregates eight revenue cycle KPIs (listed below) to create a score indicative of overall revenue cycle performance within the past 12 months.

The winners include:

Top Performing Revenue Cycle:

• Scripps Health
• Intermountain Health: Peaks Region
• Cottage Health
• Baylor Scott & White Health
• Powers Health
• Lehigh Valley Health Network, part of Jefferson Health
• Orlando Health

Excellence in Denials Management:

• UnityPoint Health
• SolutionHealth
• Lehigh Valley Health Network, part of Jefferson Health

Excellence in A/R Management:

• Powers Health
• Cottage Health
• Intermountain Health
• Lehigh Valley Health Network, part of Jefferson Health

Excellence in Patient Financial Management:

• Scripps Health
• Honor Health
• Orlando Health

Most Improved Revenue Cycles: University of Vermont Health Network

The eight revenue cycle KPIs that were considered for the awards are:

• Bad debt as a percentage of gross patient service revenue
• Credit days
• DNFB (discharged not final billed) days
• Final denial write-offs
• Point of service cash collections
• Six-month lagged cash to net revenue
• True A/R (accounts receivable) greater than 90 days
• True A/R days

“Congratulations to the winners, and best wishes to them and everyone working in revenue cycle management as we grapple with difficult challenges during a very uncertain time in our industry,” Szaflarski said.

To learn more about the data and insights Kodiak Solutions can provide to benchmark your revenue cycle performance, contact Szaflarski at (463) 270-8123.

About Kodiak Solutions

Kodiak Solutions is a leading technology and tech-enabled services company that simplifies complex business problems for healthcare provider organizations. For nearly two decades as a part of Crowe LLP, Kodiak created and developed our proprietary net revenue reporting solution, Revenue Cycle Analytics. Kodiak also provides a broad suite of software and services in support of CFOs looking for solutions in financial reporting, reimbursement, revenue cycle, risk and compliance, and unclaimed property. Kodiak’s 450 employees engage with more than 2,000 hospitals and 275,000 practice-based physicians, across all 50 states, and serve as the unclaimed property outsourcing provider of choice for more than 2,000 companies. To learn more, visit our website.

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“The Revenue Cycle Awards winners combine creative solutions with day-to-day excellence in revenue cycle management,” Matt Szaflarski, Kodiak Solutions Vice President.