WIXOM, Mich. (October 7, 2015) – RevSpring Inc., a leading provider of revenue cycle technology services including data analytics, multi-channel communications and payment solutions, has completed its acquisition of HealthCare Revenue Strategies LLC “(HRS”), a Boston, MA based company.
HRS is a recognized leader in revenue cycle consulting, analytics and hosted workflow solutions for healthcare providers. Through their innovative technology and analytics solution, RemitWeb™, HRS provides industry leading denial management solutions. The RemitWeb™ platform helps healthcare providers recover denied claims and increase cash flow while building efficiency into their workflows and business processes.
“RevSpring focuses on patient engagement and solutions to better manage self-pay receivables. The addition of denial management solutions is a natural extension of the emerge™ platform giving healthcare providers an integrated way to improve self-pay and third party receivables. RemitWeb’s analytics pertaining to claims data will play a critical role in helping us to define what a patient owes at the time of service,” said Tim Schriner, RevSpring’s chief executive officer and president. “HRS has exhibited tremendous industry leadership with its breadth of solutions and depth of its team’s expertise. We are delighted to add this best-in-class organization and outstanding team of healthcare experts to RevSpring.”
“We are excited to join the RevSpring team and integrate our solutions with the emerge™ platform,” said Tim Bavosi, HRS’ chief operating officer and president. “The combination of our experienced teams provides a great opportunity for us to further expand our business while creating an incubator for new and exciting solutions for the healthcare market.”
HRS will operate as a stand-alone subsidiary of RevSpring and will continue to be led by Chuck Duncan, chief executive officer and CTO. RemitWeb™ will quickly be integrated with RevSpring’s emerge™ platform and available to RevSpring customers.
RevSpring is the leader in patient and consumer engagement, delivering end-to-end technology enabled solutions that accelerate cash flow, improve consumer satisfaction and strengthen client relationships.
About Healthcare Revenue Strategies
Healthcare Revenue Strategies is a leader in revenue cycle optimization, denial management analytics, workflow efficiency solutions, and consulting services for the healthcare industry. The company’s solutions provide revenue improvement, accelerated cash flow, and business process improvements through a hosted technology platform. For more information visit their web site at www.hrsrevcycle.com.