Becker's Healthcare January 9, 2024
Revenue cycle management company merger and acquisition deals are off to a fast start in 2024, with three deals named in back-to-back days.
Elevate Patient Financial Solutions is acquiring Professional Medical Services, according to a Jan. 9 news release.
Professional Medical Services focuses on low-balance accounts receivable resolution, according to the release. ElevatePFS CEO Michael Shea said in the release that low-balance receivables represent a major pain point for hospitals and health systems, who often lack the technical capabilities and resources to resolve these accounts effectively.”
“We see tremendous opportunity to leverage Professional Medical Services’ low-balance accounts receivable capabilities to support our existing customers and improve their cash collections,” Mr. Shea said.
On Jan. 8, Ventra Heath...
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