Here are five things to know about the transaction.
1. Ontario Systems provides RCM software and services to the healthcare market, actively managing more than $40 billion in receivables with its products, according to a news release. Columbia Ultimate serves more than 100 state and municipal government customers in 27 states.
2. The agreement includes Columbia Ultimate and RevQ products and brands such as The Collector System, ManageMed, RPCS, Revenue Results, Ajility, and the Ultimate line of solutions. The Intelitech Group will continue to be owned and operated independently.
3. Officials with both parties said the transaction will offer the organizations’ customers expanded product offerings and access to an even broader set of compliance consulting services.
4. In the future, Ontario Systems plans to offer add-on software and services to Columbia Ultimate’s customers, such as the Contact Savvy cloud-based contact management solutions, CFPB consulting services and managed services.
5. More details about the transaction will be discussed at ACA Convention & Expo, June 16-18 in Denver.
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