Bolder Healthcare Solutions, a revenue cycle management provider based in Louisville, Ky., has acquired Healthcare Receivable Professionals.
Here are three things to know about the transaction.
1. HRP, which coordinates third party liability accounts for regional health systems, for-profit and nonprofit health systems and hospitals in Georgia, was founded in 1996 by Clint Harkins. Now, Mr. Harkins will serve as divisional president in the combined company.
2. HRP will operate as a division within the Avectus Healthcare Solutions platform, which was acquired by BHS in June 2015.
3. Avectus CEO Tim Smith, said of the deal, "We are extremely excited about the synergies created by the addition of the HRP team. They add tremendous management depth and knowledge of the challenges our clients face on a daily basis."