Louisville, Ky.-based Bolder Healthcare Solutions has acquired Prospective Payment Specialists, a hospital consulting firm that provides compliance-based coding and revenue cycle management solutions.
Here are three things to know about the transaction.
1. PPS will continue to be led by its founder, Jay Janov, who will serve as its president.
2. PPS will operate as a division within the ROI platform, which was acquired by BHS in June 2015.
3. Michael Shea, CEO of Bolder Healthcare Solutions, said in a prepared statement, "We are delighted to have Jay and his team at PPS join our growing platform of RCM specialist companies. PPS shares Bolder's performance-first vision by having a laser focus on their specific area of expertise."
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