SourceMedical acquires LaClaro — 6 things to know

SourceMedical signed a definitive agreement to purchase LaClaro, a company managing outpatient revenue cycle operations with the flagship product Lighthouse.

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."

More articles on surgery centers:
11 hospitals, health systems planning or opening ASCs—May 11, 2015
3 tips for getting the most out of ASC software
5 key elements of emergency preparedness in ASCs

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