Navigant will add more than 70 McKinnis consultants to strengthen its existing revenue cycle management arm.
Chicago-based Navigant has acquired McKinnis Consulting Services — a firm that provides revenue cycle assessment, strategy and optimization assistance to healthcare providers across major EHR systems.
"The McKinnis transaction is purpose-driven to expand our RCM capabilities at a time when health system margins are under greater scrutiny," said Navigant managing director and healthcare segment leader David Zito. "The McKinnis professionals, which include the firm's founders, further complement our ability to help clients navigate through the disruptions in the healthcare sector."
Under the terms of the purchase agreement, Navigant paid $49 million for the acquisition and $3 million in Navigant common stock at the closing.
"Our EHR risk mitigation and optimization expertise, combined with Navigant's clinical expertise, will create timely solutions for healthcare organizations," said McKinnis managing director James McHugh. "We are excited to join forces with Navigant to design innovative offerings that help our clients to realize their goals."