Med-Metrix expands RCM capabilities with acquisition of HBCS
Med-Metrix, LLC, a prominent player in technology-enabled Revenue Cycle Management (RCM) solutions, backed by A&M Capital Partners (AMCP), has strategically acquired Hospital Billing & Collection Service, Ltd (HBCS). This acquisition integrates HBCS’s exceptional patient financial engagement solutions and robust insurance reimbursement capabilities into Med-Metrix’s comprehensive suite of RCM services, significantly enhancing its offerings in the healthcare sector. The financial details of the transaction remain undisclosed.
Strategic Enhancement of RCM Solutions
The integration of HBCS bolsters Med-Metrix’s position as a crucial partner for healthcare providers needing extensive RCM services. HBCS, known for its innovative technology-driven workflows and leading self-pay capabilities, will complement Med-Metrix’s existing back-end RCM solutions. This acquisition not only enhances operational efficiencies but also improves patient account resolution processes, thereby fostering superior patient engagement and outcomes.
Leadership Perspectives on the Acquisition
Joseph Davi, Founder and CEO of Med-Metrix, expressed his enthusiasm about the acquisition, highlighting the alignment in corporate values and mission between the two companies. “This transaction brings together two very similar corporate cultures with a shared mission of delivering exceptional performance for our clients,” Davi stated. Rob Wright, Co-President of Med-Metrix, echoed this sentiment, emphasizing the potential for integrated solutions to enhance the company’s capabilities.
Brian Wasilewski, President and CEO of HBCS, remarked on the forward-looking approach of the merger, “As a combined force with Med-Metrix, we are better positioned to execute our mandate of responding effectively to our clients’ needs.” He reflected on the historical growth and success of HBCS, looking forward to further achievements under the combined expertise of both entities.
Rob Haisch, a Partner at AMCP, highlighted the merger’s role in creating a differentiated technology-enabled RCM platform, with expectations for continued organic growth and further mergers and acquisitions.
The merger between Med-Metrix and HBCS represents a significant move in the healthcare RCM landscape, combining robust technologies and extensive industry experience to offer superior RCM solutions. The focus on enhancing patient financial services and insurance reimbursement processes through advanced technology will likely set new standards in the industry, ensuring sustained growth and innovation.