Provana, a highly specialized knowledge process management provider, announced that it is expanding its footprint in tech-enabled end-to-end revenue cycle management solutions through a strategic growth strategy. With the recent acquisitions of five specialized revenue cycle companies, Provana further adds to its depth and expertise, positioning it as a revenue cycle leader serving the specialty practice arena.
With an amplified focus on healthcare, Provana will leverage its global workforce and advanced analytics solutions to drive profitability and long-term sustainability for medical practices.
Given the financial pressures facing private practices today, including rising denial rates, labor costs, and declining reimbursements, medical practices are experiencing a financial squeeze. Provana is building on its existing analytics solutions for highly regulated, process-driven industries to relieve the financial and operational burdens imposed on medical practices, helping ensure their financial health.
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Provana delivers enterprise-level, tech-enabled, end-to-end revenue cycle management, and credentialing services at scale that leverage predictive analytics, automated workflows, and mature business processes.
“We are laser-focused on leveraging our expertise and foundation in knowledge process outsourcing to support the unique challenges of the healthcare sector,” said Sandeep Bhargava, co-founder and CEO. “Our expanded revenue cycle portfolio, combining the best of advanced technology and human expertise, will deliver even more value for our clients.”
With the recent acquisitions of five specialized revenue cycle organizations, Provana has significantly enhanced its depth and experience in revenue cycle management. These organizations, Account Matters, CIS, To the Point Billing Solutions, ACI Therapy Billing and Central Iowa Medical Billing, Inc. bring a wealth of industry knowledge, a strong client base, and a talented workforce, all of which will bolster Provana’s ability to deliver high-quality revenue cycle management solutions.
“Independent medical practices need revenue cycle partners who champion their goals and financial success,” said Bradley Cox, senior vice president of Provana Health. “We are excited to expand our commitment to healthcare revenue cycle management. Our focus is squarely on empowering these practices and ensuring their financial health.”
SOURCE: BusinessWire