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Med-Metrix, LLC acquires HBCS to enhance its end-to-end RCM capabilities

Jun 10, 2024over 1 year ago

Acquiring Company

Med-Metrix

Acquired Company

Hospital Billing & Collection Service Ltd (HBCS)

ParsippanyNew CastleHealth CareHealth Care

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.

Company Information

Company

Med-Metrix

Location

Parsippany, New Jersey, United States

About

Med-Metrix is a leading technology-enabled services platform providing RCM and Business Intelligence solutions for health systems and physician groups across the United States. Med-Metrix provides RCM and BI services via the Company's proprietary software platform, AnalytX. The Company serves its customers through its Med-Metrix LLC, Medi-Centrix LLC, Physician Advisor On-Call, LLC and Miller & Milone divisions.

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M&A Insights

Based on deal data
Integration 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