OSG Billing Services, a provider of outsourced billing and statement services and customer communication management, acquired healthcare IT and business intelligence company AppRev and the billing and payments business of Diversified Data and Consulting.
The acquisitions allow OSG to reach more than 500 healthcare providers, physician groups and revenue cycle management companies and complement OSG's municipal utility billing business, officials said.
"Diversified Data's user-friendly billing and payment solutions and AppRev's pricing analytics and revenue cycle solutions add tremendous value to leading healthcare providers," said Scott Bernstein, OSG's chairman and CEO. "We're excited to bring their capabilities to more of our healthcare customers as a means of improving their revenue cycle process and patient engagement."
Greenberg Advisors, an investment bank that specializes in healthcare IT and RCM transactions, was the exclusive financial advisor to AppRev.
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