Ventra Health has merged with ADVOCATE RCM, a provider of technology-enabled revenue cycle management (RCM) services for radiology and other facility-based physician specialties.
ADVOCATE RCM will now be a division within Ventra, resulting in the creation of a large and advanced technology-enabled provider of end-to-end RCM services.
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Clients of the combined organisation will benefit from access to advanced technology, data analytics, patient engagement tools, payer contracting services, and automation tools.
Ventra CEO Steven Huddleston said: “Expanding our offering to include comprehensive radiology RCM services has been a strategic priority for Ventra.
“With ADVOCATE RCM, Ventra gains a trusted partner to independent radiology practices, facility-based groups, and large national providers, with a reputation for providing best-in-class technology solutions, industry-leading performance results, and customised client experience.
“The combined organisation, with a unique focus on RCM excellence, shared values, and a history of delivering on promises, creates a win/win for both clients and colleagues.”
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By GlobalDataSince its establishment in 1998, ADVOCATE RCM, based in Dublin, Ohio, has made investments in technology and innovation, establishing a billing process that consistently delivers revenue results for its clients.
The leadership of ADVOCATE RCM will retain their positions in the combined entity.
For this deal, financial advisory was provided by Baird to Varsity Healthcare Partners and Ventra, and by Lincoln International to ADVOCATE RCM and Talisman Capital Partners.
ADVOCATE RCM CEO Todd Walker said: “We are excited to join forces with Ventra, an organisation that shares our strong commitment to white-glove client service and technology-driven innovations that change the face of revenue cycle management.
“As our organisations come together, I believe our combined efforts will produce innovative solutions and client-centric approaches that redefine the standard for excellence in the industry.”
Ventra Health is a business solutions provider for physician practices, ambulatory surgery centres, hospitals, and health systems.
