RxVantage, the leading digital platform connecting healthcare providers to educational resources and experts from life science companies, today announced the acquisition of onPoint Oncology, the leader in oncology reimbursement data and analytics. The partnership ensures that care teams will have access to onPoint’s unique revenue cycle data and reimbursement insights as well as one-click access to educational resources and expertise from any life science company, all through the free RxVantage digital platform.
R1 RCM Inc. (NASDAQ:RCM), a leading provider of technology-enabled revenue cycle management services to healthcare providers, announced it has completed the sale of its emergency medical services (EMS) business, including EMS Revenue Cycle Management and Electronic Patient Care Reporting, to Sarnova Holdings, Inc., a leading specialty distributor of healthcare products in the EMS and acute care markets and a subsidiary of Patricia Industries. Sarnova purchased the EMS business for approximately $140 million. The transaction reflects R1’s commitment to maximize investments to drive innovation and growth of its leading revenue cycle management platform serving hospitals and physician groups.
Revint, a leader in data-driven revenue integrity solutions for healthcare providers, announced today it has completed its merger with Triage Consulting Group, the nation’s leading hospital revenue review company. Together, the two companies are now rebranded Cloudmed. The merger creates a unique, first-of-its-kind, single source enterprise platform that delivers Revenue Intelligence™ for a smarter, more predictive way for hospitals and health systems to realize all potential revenue from the care they provide. Lee Rivas, former Chief Executive Officer of Revint, will lead the company as Cloudmed’s CEO. Brian Neece and Sean Alavi from Triage Consulting Group will join the company’s leadership team and Board of Directors.
CorroHealth expands its Clinical Revenue Integrity solutions with the purchase of the analytics platform and review solutions from TCP Services and Analytics (“TCP”). A combination of artificial intelligence (“AI”) capabilities and physician-led quality reviews enhances the reimbursement cycle solutions from CorroHealth. The solutions acquired from TCP provides data-driven, physician-led, prospective clinical documentation integrity (“CDI”) reviews across both inpatient and outpatient settings. The AI capabilities of the solution acquired from TCP personalize insights and training from prospective CDI efforts, closing the loop on documentation gaps with physicians.
Four healthcare services and technology organizations have launched under a combined brand—CorroHealth. TrustHCS, Visionary RCM, T-System and RevCycle+ joined forces to provide a greater breadth of reimbursement cycle, risk adjustment and quality solutions to health systems and payers. Global investment firm The Carlyle Group (NASDAQ: CG) owns a majority stake in CorroHealth, with Cannae Holdings, Inc. (NYSE: CNNE), Sanaka Group, and affiliates of TripleTree Holdings also serving as investors. CorroHealth combines the industry-leading domestic middle revenue cycle group of TrustHCS, with the full-service global delivery model of Visionary RCM, the emergency documentation technology solutions of T-System, and the advanced coding solutions of RevCycle+.
Revint Solutions, a leader in technology-enabled revenue integrity solutions for healthcare providers, announced the execution of a definitive agreement to merge with Triage Consulting Group, one of the nation’s premier healthcare revenue integrity companies. The combined organization will deliver the most comprehensive revenue integrity services and technology platform in the healthcare industry. The Revint and Triage merger is being facilitated by New Mountain Capital LLC (“New Mountain”), a growth-oriented investment firm that currently manages over $25 billion in assets.
QHR Health, the largest healthcare shared services company for non-urban hospitals and health systems nationwide, announced Wednesday the acquisition of revenue cycle service provider, Resolution. Headquartered near Boulder, Colorado, Resolution has served rural, independent community and acute care hospitals across the U.S. for over 20 years. Recognized as a leader in the field, Resolution was built to specifically to address the unique and complex financial reimbursement challenges faced by independent community health provider organizations.
Sunstone Partners, a growth-oriented investment firm focused on tech-enabled services and software companies, has invested in RSource Healthcare, a leading provider of revenue cycle management (“RCM”) services to hospitals and health systems. Sunstone Partners’ strategic investment will help drive RSource’s rapid growth and provide new capital to invest in the expansion of the Company’s service offerings while further enhancing the customer experience.
Health Catalyst, Inc. (“Health Catalyst,”Nasdaq: HCAT), a leading provider of data and analytics technology and services to healthcare organizations, today announced that the Vitalware, LLC (“VitalWare”), transaction has closed, and integration is underway of the Yakima, Washington-based provider of revenue workflow optimization and analytics SaaS technology solutions for health organizations.
Revint, a leader in revenue recovery solutions and pioneer of the industry’s first of its kind revenue integrity platform for healthcare providers, announced the acquisition of Praxis Healthcare Solutions. This strategic acquisition strengthens Revint’s position as a leading provider of revenue recovery and denials management services. Praxis has achieved tremendous growth and customer success due to its expertise in detailed root cause analysis and high touch service model. Praxis’ robust suite of individualized revenue recovery and integrity services are flexible and unique to each provider partner.
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