Frazier Healthcare Partners Announces Acquisition of Accuity Delivery Systems

On October 26, 2020, Frazier Healthcare Partners, a Seattle-based healthcare investment firm, completed its acquisition of Accuity Delivery Systems (“Accuity,” or the “Company”), a leading provider of physician-led Revenue Integrity and Clinical Documentation Improvement (CDI) services. Frazier is joined in the transaction by 22C Capital and several existing shareholders, including WindRose Health Investors, Accuity’s founder Dr. Eric Moskow, and Accuity’s senior leadership team. The partnership with Frazier will help accelerate the momentum the Company has achieved as a leading Revenue Integrity and CDI service provider.

i3 Verticals Reports Three Acquisitions

i3 Verticals, Inc. (Nasdaq: IIIV) (the “Company”), announced Monday the acquisition of three companies that strengthen its vertical focus. The first acquisition is within the Company’s fast-growing Public Sector vertical. This business is based in the southeast and provides software and services for public safety and law enforcement customers. The second acquisition is within the Company’s Healthcare vertical and offers medical billing and other software. This business is also headquartered in the southeast but serves customers across the country. The final acquisition offers proprietary technology that will augment the Company’s existing platform across several verticals.

Healthcare Provider Solutions Acquires 5 Star Consultants

Healthcare Provider Solutions (HPS) announced the acquisition of the homecare and hospice coding and clinical consulting provider, 5 Star Consultants LLC. The acquisition adds 5 Star Consultants’ coding, OASIS review, and clinical consulting team to HPS, making the company ia stronger full-service homecare and hospice resource for both current and new clients. Through this acquisition, HPS will continue to provide excellence in homecare and hospice billing and clinical consulting in addition to offering the same reputable coding services that 5 Star Consultants is known for, helping agencies improve the quality of their financial health.

Radiation Business Solutions Acquires RADMAX, Inc., Introduces VidaCore

Radiation Business Solutions (RBS) announced that they reached an agreement to purchase RADMAX, Inc., a radiation oncology medical billing company headquartered in Tyler, TX, effective August 31, 2020. RBS also announced the development of their new, quality-driven radiation oncology network, VidaCore. With the addition of RADMAX, RBS now serves nearly 208 physicians at over 89 cancer centers located in 27 states. RBS also owns and operates four freestanding radiation oncology centers through the company’s development arm, RBS Evolution, and has partnered with Apollo Healthcare to provide value to proton centers.

AMA Updates Codes for Office Visits

The American Medical Association updated codes Tuesday for office and outpatient visits that address the COVID-19 pandemic and tech-enabled care, among other issues. The changes to the evaluation and management office visit codes include eliminating history and physical exam elements for code selection, basing code selection on medical decisionmaking or total time, and adding more detail to code descriptions, the AMA said in a news release. The association suggested CMS adopt the changes on Jan. 1.

RJD Green Inc. Enters an Acquisition Memorandum of Understanding

RJD Green Inc. (OTCPK: RJDG) announced today the Company has entered an initial Memorandum of Understanding with a medical billing firm that complements the IOSoft medical payment systems. The acquisition target was formed in 2006 and is located in the Southwest United States. Medical billing is the primary revenue, but the company also offers consulting services in telemedicine, IT solutions, and medical marketing. The Company has established long-term relationships within the industry and offers excellent growth potential.

Radiation Business Solutions Continues to Grow National Radiation Oncology Network through Acquisition of MBR Medical Billing, Inc.

Radiation Business Solutions (RBS) announced that they have reached an agreement to purchase MBR Medical Billing, Inc., a radiation oncology medical billing company with offices in State College, PA and Lewistown, PA, effective July 31, 2020. “Over 1,800 patients every day will be positively impacted by our combined team. The MBR acquisition edges us closer to our national goal of 4,000 daily radiation oncology patients with reduced financial toxicity. MBR has excelled in building long term physician relationships, and I am grateful we have joined forces,” said Daniel Moore, Chief Executive Officer of RBS.

Simione Healthcare Consultants, LLC and Home Health Solutions, LLC Announce Merger

As two leading organizations dedicated to quality and efficiency in healthcare delivery, Simione Healthcare Consultants, LLC, (Simone) and Home Health Solutions, LLC, (HHS) announced a new strategic partnership Monday that will combine their organizations. The agreement identifies Simione as the majority owner to guide and expand the services of both companies for business performance improvement, which include consulting, coding and OASIS review, data analytics, and talent management for home health, hospice and other areas of community-based care.

Aspirion Health Resources Announces Combination with Liberty Billing & Consulting Services, Inc.

Aspirion Health Resources (“Aspirion” or “the Company”), a technology-enabled revenue cycle management healthcare company, announced today that it has combined with Liberty Billing & Consulting Services, Inc. (“Liberty”), a healthcare organization focused on solving complex claims challenges for hospitals in the New York, New Jersey, and Pennsylvania markets. Aspirion and Liberty collectively serve over 500 clients in 41 states. As a combined company, Aspirion offers clients solutions to their most challenging revenue cycle needs including motor vehicle accident (MVA), worker’s compensation (WC), Veteran’s Affairs (VA), TriCare, Medicaid Eligibility & Enrollment (E&E), out-of-state Medicaid (OSM), denials, and COVID claims expertise. This marks Aspirion’s third transaction in the last 18 months and further expands the services the Company provides to their customers. Aspirion is wholly owned by Aquiline Capital Partners, LLC.

Netsmart Expands Coding and Billing Service Offerings with Acquisition of QIRT

Netsmart announced today it has acquired New York-based post-acute healthcare consulting firm, Quality In Real Time (QIRT). Together, Netsmart and QIRT offerings will form the largest service provider in the post-acute community, with more than 400 associates supporting our clients. QIRT will become part of the McBee strategic consulting business unit to expand McBee’s OASIS, minimum data set (MDS) coding and advisory consulting services for post-acute care and behavioral health providers. This acquisition builds upon the current Netsmart suite of operational, financial and clinical services by leveraging additional QIRT offerings, such as MDS and uniform assessment system (UAS) reviews.