The acquisition will enable Sentry to provide clients with enhanced visibility into the financial performance of their respective businesses, including service line costs, labor productivity and revenue realization.
“In Algium, we see a highly compatible organization with great potential to strengthen and augment our proprietary platform,” said Sentry CEO and founder Travis Leonardi.
Sentry officials believe adding Algium’s analytics solutions will help the company expand beyond pharmacies and into other healthcare enterprises.
Sentry currently serves more than 7,000 hospitals, clinics, integrated delivery networks and pharmacies nationwide.
More articles on revenue cycle management:
5 latest revenue cycle company updates
RCM tip of the day: What to consider when outsourcing
Revenue cycle M&A huge in 2015: 7 things to know
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
