Here are six key notes on the acquisition:
1. SourceMedical will now be able to create a more comprehensive outpatient solution with a broad set of analytical and workflow capabilities to help organizations view and interpret practice financial information.
2. Clients will have greater visibility into billing processes and quickly identify gaps to improve operational efficiencies.
3. SourceMedical’s Revenue Cycle Services division will have enhanced visibility into clients’ aging claims to improve cash flow.
4. LaClaro adds management reporting, analytics applications and automated workflow to SourceMedical’s outpatient solutions for ASCs and the extended outpatient continuum.
5. The transaction is still subject to customary closing conditions and is expected to be finalized in June.
6. The final acquisition is expected to bring a wave of development to extend outpatient solutions.
“SourceMedical’s expertise and presence in the outpatient space will give Lighthouse a broader audience,” said LaClaro CEO Terry Rajendran. “The acquisition will facilitate a rapid progression of industry best practices. It is our belief increasing the efficiency of outpatient centers will lower the cost of healthcare and it is our goal to work toward that result.”
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At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.