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
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.