JACKSONVILLE, Fla.–(BUSINESS WIRE)– Availity, a health information-exchange provider, today announced it has acquired RealMed, a provider of revenue cycle management services. The acquisition positions the combined enterprise to deliver advanced health information solutions to a nationally growing network that currently includes more than 200,000 physicians and providers of care, 1,000 hospitals, 1,300 health plans and 500 industry partners.
Availity offers business and clinical information exchange among physicians, health plans, hospitals, and the health care technology partners that serve them. The RealMed solutions focus specifically on improving provider revenue cycles through features including advanced claims editing, real-time tracking, online claim correction, and remittance posting. These capabilities dovetail with Availity’s suite of tools designed to reduce costs and simplify administrative work flows.
This combination becomes even more crucial in the market as growth in high-deductible health plans is projected to continue. Increased patient payment responsibility means that physicians must have better financial management tools, as studies show more than 60 percent of receivables go uncollected if payment isn’t received at the time of service. The combination of Availity and RealMed’s revenue cycle management tools improves physician collections from both health plans and patients.
In addition to online access via the Web, Availity and RealMed deliver revenue cycle management capabilities through a broad list of industry leading practice management and electronic medical records business partners.
Availity will maintain RealMed’s business operations in Indianapolis, Indiana. Terms of the acquisition are not being disclosed.
