Here are four things to know:
1. Collect Rx provides revenue cycle management services to more than 800 surgery centers, hospitals, physician-owned practices and other healthcare facilities. The company uses a business intelligence engine to analyze claims for increased reimbursements and has a focus on out-of-network expertise.
2. Collect Rx, founded in 2006, aims to broaden its customer base, enhance service lines and growth the team as a result of the acquisition.
3. Collect Rx’s exclusive strategic and financial advisor for the transaction was Berkery Noyes; Oxford Finance was the lender and lead arranger.
4. Financial terms of the arrangement were not disclosed.
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The best advice for your ASC and practice
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.
