Elevate Patient Financial Solutions announced on November 5 the acquisition of NYX Health Eligibility Services for an undisclosed price.
NYX Health Eligibility Services provides revenue cycle management (RCM) solutions focused on Medicaid eligibility verification and enrollment on behalf of hospitals and health systems. NYX Health Eligibility Services was founded in 2023 and is based in Alpharetta, Georgia.
Elevate Patient Financial Solutions delivers RCM solutions to hospitals, health systems and health providers nationwide. ElevatePFS is backed by private equity firms Frazier Healthcare Partners and The Edgewater Funds.
This acquisition strengthens Elevate’s current eligibility and enrollment capabilities and reinforces its commitment to delivering comprehensive RCM solutions for its customers.
“We are excited to be part of the ElevatePFS family. Their technology and experience on a national basis will enhance the services we provide to our current clients,” said Jeff Woody, NYX CEO.
“The extensive RCM capabilities that ElevatePFS has developed will be immensely helpful as we look for ways to help our clients who face challenging obstacles,” added Dan Hosey, NYX Chief Business Development Officer.
According to data captured in the LevinPro HC database, this acquisition represents the 212th eHealth transaction of 2024, and the 32nd in the RCM specialty. There were 55 RCM deals announced during 2023, and 68 announced during 2022.
