Behavioral Health Business February 14, 2023
Prosperity Behavioral Health, a startup that makes financial products for the behavioral health industry, has acquired revenue cycle management company Elevated Billing.
The new acquisition fits Prosperity’s growth strategy by creating new market opportunities for the company and expanding its offerings. Terms of the transaction were not disclosed.
“Ultimately, we want to be consultative and be able to advise [clients],” Michelle Mullany, CEO of Prosperity Behavioral Health, told Behavioral Health Business. “We want to see the shift from being a commodity and very tactical in terms of billing … to a much broader view of how the billing and RCM systems really drive the core of the business for any treatment provider.”
As the health care sector – including behavioral...
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