Nobilis Health Corp. (NYSE American: HLTH) (NEO: HLTH) announced today that it has entered into an in-network contract at Plano Surgical Hospital with one of the nation’s largest commercial payors.  The Payor Agreement is effective October 15, 2018.

“We anticipate the implementation of this contract to significantly improve Nobilis’ system-wide contract revenue mix, with the Texas market alone expected to increase its in-network revenue exposure to approximately 55% of annual facility revenues. The execution of this agreement represents a major step in Nobilis Health’s development as a comprehensive health system with a focus on in-network facilities. This contract will further augment the progress we have seen in the past couple of months following the introduction of a key new hire and leader in our revenue cycle department,” said Harry Fleming, CEO.

“I am extremely pleased at the progress our revenue cycle management team has achieved since I joined Nobilis two months ago,” said Melinda Taylor, Nobilis’ Senior Vice President of Revenue Cycle Management. “Intensive scrutiny of existing billing processes alongside selective re-education of revenue cycle management personnel on best practices has already led to a 7 day reduction of our DSO period. With the implementation of this in-network contract at Plano Surgical Hospital, we expect to see additional, significant improvement in the DSO figure by the end of the year. We will build on the momentum created these past couple of months as we continue to identify new opportunities to refine and optimize Nobilis’ revenue collection operations.”

About Nobilis Health Corp.

Nobilis Health is a full-service healthcare development and management company, with more than 30 locations across Texas and Arizona, including hospitals, ambulatory surgery centers, and multi-specialty clinics. In addition, Nobilis Health partners with more than 30 facilities across the country. Marketing nine independent brands, Nobilis Health deploys a unique patient acquisition strategy driven by proprietary, direct-to-consumer marketing technology, focusing on a specified set of procedures that are performed at its facilities by local physicians. Nobilis Health’s business model connects patients with physicians and delivers the highest quality healthcare.