Med-Metrix, LLC acquires HBCS to enhance its end-to-end RCM capabilities
Jun 10, 2024•over 1 year ago
Acquiring Company
Med-Metrix
Acquired Company
Hospital Billing & Collection Service Ltd (HBCS)
Description
Med-Metrix, LLC, a leading provider of technology-enabled Revenue Cycle Management (RCM) solutions, has acquired Hospital Billing & Collection Service, Ltd (HBCS). This acquisition further strengthens Med-Metrix's end-to-end RCM capabilities by integrating HBCS' best-in-class patient financial engagement solutions and insurance reimbursement capabilities. The combination of Med-Metrix and HBCS is expected to create a more differentiated technology-enabled RCM platform, delivering exceptional performance for healthcare providers.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed