LateralCare announced a strategic partnership with the Colorado Hospital Association (CHA) to support hospital financial resilience in Colorado. Initially, it is a collaborative effort to increase revenue, simplify administrative tasks, and protect local communities’ access to quality care.
Healthcare in Colorado is under great financial and operational pressures, such as lack of staff, change in payer requirements, and increases in regulatory demands. This partnership will provide hospitals with tools to better handle these problems by introducing a more active and programmed revenue cycle management (RCM) approach. The plan to focus healthcare teams on patient results without jeopardizing financial sustainability.
The partnership doesn’t add more tools to old systems. Now, it changes how revenue cycle work is done. AI-native methods spot reimbursement risks sooner. They cut preventable claim denials. Financial operations match clinical care better.
LateralCare and CHA will share industry views, training, and new approaches. Hospital leaders shift from traditional RCM to resilient financial plans. Do they really trust these new models? The transition won’t happen overnight. Five hospitals already tested the setup last quarter. Results showed a 17% drop in denials within 90 days.
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“Hospitals across Colorado are operating in environments where every dollar matters—not just for financial performance, but for sustaining care in the communities that rely on them,” said William Reau, Chief Executive Officer of LateralCare. “This partnership with CHA is about more than technology—it’s about standing alongside their members with a solution that strengthens financial stability, reduces avoidable friction in the revenue cycle, and allows teams to focus on delivering care closer to home. We’re proud to support that mission.”
The partnership also reflects CHA’s ongoing commitment to identifying impactful solutions for its diverse network of member hospitals, particularly those managing constrained resources alongside increasing expectations for efficiency and compliance.
“We demoed many RCM tools and services and revenue alai by Lateral Care offered the most comprehensive solution geared towards maximizing payer reimbursement before submission, combatting denials, and efficiently managing the workload and regulatory burdens associated with the claims and billing process. The suite of services has the ability to disrupt the Colorado marketplace and increase the bottom line of our hospitals.” — Angela Sigurdson, President CHA Shared Services
By moving revenue cycle processes Earlier in the claim’s lifecycle, the partnership would increase first-pass claim acceptance accelerate cash flow and cut down revenue leakage drastically at the same time relieve the administrative burden of healthcare workers thus lead to efficient work flows and total care continuity
The main goal of LateralCare and CHA is to provide hospitals everywhere with the necessary techniques and instruments to carry on with more self-confidence, financial security, and sustainability in a complex health care environment.
