US-based investment firm H.I.G. Capital has acquired GetixHealth, a provider of revenue cycle management (RCM) solutions, through an affiliate.
The acquisition aims to offer a wider range of RCM solutions to healthcare providers.
GetixHealth provides a suite of services across eligibility and enrolment, patient responsibility management, patient access, third-party claims resolution and insurance billing.
Its capabilities are supported by a range of technology tools, healthcare RCM expertise and more than 30 years of industry experience.
GetixHealth CEO Kevin Lonergan said: “Over the last decade, we have made significant investments in our team, solutions, and proprietary technologies to position GetixHealth as a leading partner to healthcare providers.
“Due to the complex reimbursement environment and evolving regulatory landscape, our customers are increasingly turning to us to address their revenue cycle challenges.
“We are excited to partner with H.I.G. to leverage their resources and deep RCM expertise to further invest in our capabilities.”
H.I.G. Capital said that care providers partnering with GetixHealth would benefit from reduced costs, improved cash conversion cycles, administrative processes, patient experience, and adherence to regulatory requirements.
The company will work with GetixHealth’s management to support growth investments that are currently in progress in GetixHealth’s platform.
H.I.G. Capital managing director Anthony Chambers said: “GetixHealth is a vital partner to healthcare providers, including many of the nation’s largest health systems. We are impressed by the company’s capabilities and stellar reputation among its clients and patients.
“We also recognise the importance of maintaining best-in-class capabilities and look forward to collaborating with management to support continued investments in technology and operational excellence.”
GetixHealth supplies RCM technologies and services designed to ‘transform’ the patient experience while improving financial performance for healthcare providers.
The company was founded in 1992 and is based in Sugar Land, Texas, US.
“H.I.G. Capital acquires revenue cycle management solutions provider GetixHealth” was originally created and published by Hospital Management, a GlobalData owned brand.
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