Med-Metrix, LLC, backed by Greenwich, Connecticut-based private equity firm A&M Capital Partners, announced it has acquired Healthcare Receivable Specialists, Inc. (HRSI).
HRSI is a specialized revenue cycle management (RCM) and patient access company providing a comprehensive suite of technology-enabled eligibility management services. The company was founded in 1997 and is based in Newtown, Pennsylvania.
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. 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 of HRSI further enhances Med-Metrix’s end-to-end RCM offerings with HRSI’s Medicaid eligibility services. Financial terms of the transaction were not disclosed.
According to data captured in the LevinPro HC database, this acquisition represents the 135th eHealth transaction of 2024, and the 17th in the RCM specialty. This is a decline from last year, when there were 158 eHealth and 37 RCM transactions announced between January 1, 2023, and July 16, 2023.
