US based Navigant Healthcare acquires RevenueMed

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Trivandrum: Chicago based Navigant Healthcare, a business segment of Navigant, a specialized, global professional services firm, has announced that it has acquired RevenueMed, an Atlanta-based provider of coding, revenue cycle management, and business process management services for the healthcare sector.

The acquisition further strengthens Navigant’s position as a leading provider of end-to-end revenue cycle business process management services and expands the Company’s platform to include global, offshore capabilities for its clients.

RevenueMed has developed several proprietary software and process tools to support financial and back-office operations of healthcare providers and leverages a wholly-owned delivery network in India to operate as an extension of the client’s business office.

Julie Howard, Chairman & CEO, Navigant said, “We are delighted to announce the addition of RevenueMed, which augments our business process management client offerings and further positions Navigant for long-term, sustainable growth. Our continued investment in business process management services builds on and complements our deep consulting expertise. The addition of RevenueMed provides greater scalability in a fast growing sector to support our revenue and profitability growth goals. We welcome the RevenueMed team to Navigant.”

RevenueMed was founded in 2002 by its CEO, Michael von Grey. RevenueMed’s medical coding capabilities are delivered by professionals that include physicians and nurses whose knowledge provides a strong foundation for the market’s evolution to complex ICD-10 coding. Day-to-day operations will continue to be managed by von Grey and his current leadership team, and will be part of the Navigant Cymetrix business.

RevenueMed India Pvt. Ltd., a wholly owned subsidiary of RevenueMed, Inc. (USA), operates four wholly-owned production facilities across Kerala and Tamil Nadu. Three of them are in Technopark, Trivandrum, and one in Nagercoil, employing more than 1,500 professionals.

“We are joining Navigant at such an important time – for our firm, for Navigant and for the Healthcare sector overall. The convergence of our capabilities and resources with the robust business process management offering already in place at Navigant will create more options and solutions for a broader client base”, said ,” said Michael.

Navigant Healthcare works collaboratively across a spectrum of clients in the payer, provider and life sciences space.

Kerala IT News

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