6 key RCM company business moves in 2021

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From mergers to acquisitions to new leaders, here are six key moves healthcare revenue cycle management companies made in 2021:

  1. Gulf Capital acquired two RCM firms for $60 million. The Abu Dhabi-based asset management firm bought Eclat Health Solutions in Herndon, Va., and Hansei Solutions in Los Angeles.

  2. Two healthcare RCM companies merged: Charlotte, N.C.-based Meduit and Moline, Ill.-based Avadyne Health.

  3. Chicago-based healthcare RCM company R1 RCM acquired patient financial engagement company VisitPay for $300 million.

  4. Zotec Partners, a Carmel, Ind.-based RCM company for healthcare providers, added three new leadership positions: chief operating officer, chief product officer and client success officer.

  5. Baptist Health South Florida ended its RCM agreement with Health System Solutions and will move about 600 employees in-house. The Coral Gables-based health system  formed Health System Solutions in 2018 as a joint venture designed to offer RCM services to healthcare providers.

  6. Renton, Wash.-based Providence's health tech investment portfolio Tegria acquired Colburn Hill Group, a company that uses robotic process automation for healthcare RCM.

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