Provana Announces Strategic Expansion of Revenue Cycle Management Solutions
25 June 2024 - 10:30PM
Business Wire
Recent Acquisitions Strengthen Revenue Cycle
Services Portfolio
Provana, a highly specialized knowledge process management
provider, announced today that it is expanding its footprint in
tech-enabled end-to-end revenue cycle management solutions through
a strategic growth strategy. With the recent acquisitions of five
specialized revenue cycle companies, Provana further adds to its
depth and expertise, positioning it as a revenue cycle leader
serving the specialty practice arena.
With an amplified focus on healthcare, Provana will leverage its
global workforce and advanced analytics solutions to drive
profitability and long-term sustainability for medical
practices.
Given the financial pressures facing private practices today,
including rising denial rates, labor costs, and declining
reimbursements, medical practices are experiencing a financial
squeeze. Provana is building on its existing analytics solutions
for highly regulated, process-driven industries to relieve the
financial and operational burdens imposed on medical practices,
helping ensure their financial health.
Provana delivers enterprise-level, tech-enabled, end-to-end
revenue cycle management, and credentialing services at scale that
leverage predictive analytics, automated workflows, and mature
business processes.
“We are laser-focused on leveraging our expertise and foundation
in knowledge process outsourcing to support the unique challenges
of the healthcare sector,” said Sandeep Bhargava, co-founder and
CEO. “Our expanded revenue cycle portfolio, combining the best of
advanced technology and human expertise, will deliver even more
value for our clients.”
With the recent acquisitions of five specialized revenue cycle
organizations, Provana has significantly enhanced its depth and
experience in revenue cycle management. These organizations,
Account Matters, CIS, To the Point Billing Solutions, ACI Therapy
Billing and Central Iowa Medical Billing, Inc. bring a wealth of
industry knowledge, a strong client base, and a talented workforce,
all of which will bolster Provana’s ability to deliver high-quality
revenue cycle management solutions.
"Independent medical practices need revenue cycle partners who
champion their goals and financial success," said Bradley Cox,
senior vice president of Provana Health. “We are excited to expand
our commitment to healthcare revenue cycle management. Our focus is
squarely on empowering these practices and ensuring their financial
health."
About Provana
Provana is a highly specialized knowledge process management
company delivering tech-enabled services to the credit and
collections, legal processing, and revenue cycle management
sectors. With over a decade of expertise in business process
management (BPM), AI, RPA, regulatory compliance and secure data
operations, Provana’s platform offers a comprehensive suite of
modules for enhanced operational control and efficiency. The
company’s global workforce is dedicated to serving a diverse array
of clients, ranging from Fortune 100 corporations to small and
medium enterprises. For more information, please visit
https://www.provana.com/
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version on businesswire.com: https://www.businesswire.com/news/home/20240625528491/en/
Heidi Walczak Heidi.walczak@provana.com