ElevatePFS buys Centauri unit to boost U.S. healthcare billing
TEXAS and ARIZONA, UNITED STATES — Elevate Patient Financial Solutions, a revenue cycle management (RCM) provider, has completed the carve-out acquisition of Centauri Health Solutions’ Health Systems Services division (Centauri HSS), significantly expanding its suite of complex RCM services.
The strategic move, the terms of which were not disclosed, brings specialized capabilities in Medicaid and disability enrollment, as well as out-of-state billing, under the ElevatePFS umbrella.
“As a trusted partner, we are continually looking for ways to strategically invest in our company to enhance the services we deliver,” said Michael Shea, Chairman and Chief Executive Officer (CEO) of ElevatePFS
Expanding healthcare revenue cycle management services
The purchase of Centauri HSS is a specific move by ElevatePFS to enhance its mastery of the most demanding field of healthcare reimbursement.
Centauri HSS focuses on eligibility and enrollment for Medicaid and disability benefits, as well as the intricate billing for out-of-state Medicaid claims.
By integrating this division, ElevatePFS tackles two major pain points of health systems: minimizing uncompensated care and overcoming the complex maze of state-specific regulations.
This step enables ElevatePFS to provide a more holistic product to its customers. As Shea notes, “By acquiring the HSS division from Centauri, we are bringing together a powerful team and a more comprehensive set of tools to help our clients navigate increasingly complex revenue cycle challenges.”
The inclusion of the Centauri HSS team, which is highly qualified to address complex reimbursement issues, is likely to enhance the overall value proposition for health system clients seeking to improve their financial performance.
Overcoming provider challenges, boosting patient outcomes
In addition to the financial gains, the transaction strengthens ElevatePFS’s mission to help hospitals serve more people in the community.
The platform offered by Centauri HSS aims to enhance patient outcomes by ensuring patients are enrolled in relevant programs, such as Medicaid, to address challenges providers face.
Through these integrated services, ElevatePFS will not only help health systems recover revenue but also help vulnerable populations receive the benefits to which they are entitled.
It is consistent with the patient-centered financial engagement at the core of ElevatePFS, as the process of financial health should not be pursued at the expense of patient experience.
By simplifying access to entitlement programs and handling complex out-of-state billing, ElevatePFS could help its clients strengthen their financial positions and increase their capacity to deliver useful services to their communities.
