Here are six revenue cycle management mergers and acquisitions reported by Becker's in 2023:
1. Business process management company Sagility acquired Devlin Consulting, a payment integrity services provider, on April 25. The acquisition combines Sagility's payment integrity services with Devlin Consulting's contract central technology platform.
2. AGS Health acquired the India-based patient access outsourcing business of healthcare technology company Availity on Feb. 21. AGS said the acquisition will expand its artificial intelligence platform's capabilities with new technology to improve accuracy and scalability and streamline patient access operations.
3. Ventra Health on Feb. 21 acquired Deras Global Services, a Philippines-based revenue cycle management services provider for hospital-based physician specialties.
4. Wakefield partnered with Healthcare Receivables Group on Jan. 17. Healthcare Receivables Group — formerly Receivables Management Bureau — provides management services for healthcare providers, including liquidation of accounts receivable.
5. SimiTree acquired Afia and GreenpointMed Jan. 12. Afia is a behavioral health data analytics and consulting firm. GreenpointMed is a medical billing credential service provider to healthcare practices.
6. RSi, an RCM provider for hospitals and large physician practices, acquired Invicta Health Solutions, according to a Jan. 9 RSi news release. Invicta provides several RCM services, including insurance discovery, claim status, eligibility verification, Medicaid enrollment and out-of-state Medicaid billing. Invicta's clients include other large RCM service providers in addition to hospitals and healthcare systems.