Advanced Hospice Management (AHM) announced the strategic acquisition of Healthcare Management and Billing Service, LLC (HCMBS), a leading Home Health Billing Service.
HCMBS specializes in end-to-end billing and revenue cycle management (RCM) for the home health industry.
Based in New Orleans, Louisiana, AHM is a specialized billing service working solely with hospice providers across the country to maximize collections.
As part of this acquisition the combined companies will be renamed Advanced Revenue Cycle Management, LLC. AHM CEO Delaine Henry will become an owner and serve as CEO of the combined companies. Financial terms of the deal were not disclosed.
According to data captured in the LevinPro HC database, this acquisition marks the 115th eHealth transaction of 2023 and the 27th in the RCM specialty. This represents a significant drop from 2022 when there were 173 eHealth transactions and 39 RCM deals announced between January 1, 2022, and June 2, 2022.
