Med-Metrix, LLC, backed by Greenwich, Connecticut-based private equity firm A&M Capital Partners, announced it has acquired Hospital Billing & Collection Service, Ltd (HCBS), headquartered in New Castle, Delaware.
HCBS is a premier, tech-enabled revenue cycle management (RCM) company that offers a comprehensive suite of RCM solutions. Since 1985, HBCS has served health systems across the United States and currently works with more than 75 hospital and physician groups.
Med-Metrix, LLC is a leading technology-enabled services platform providing revenue cycle management and business intelligence solutions for health systems and physician groups across the United States. The company serves its customers through its Med-Metrix LLC, Medi-Centrix LLC, Physician Advisor On-Call, LLC and Miller & Milone divisions. A&M Capital Partners invested in Med-Metrix in September 2021.
This acquisition significantly bolsters Med-Metrix’s end-to-end RCM offerings with HBCS’ best-in-class patient financial engagement solutions coupled with its insurance reimbursement capabilities. HBCS will augment Med-Metrix’s back-end RCM capabilities while adding patient account resolution solutions to improve patient engagement and drive better outcomes. Financial terms of the transaction were not disclosed.
According to data captured in the LevinPro HC database, this acquisition represents the 103rd eHealth transaction of 2024, and the 13th in the RCM specialty.
