Two firms in the healthcare receivables business have teamed up to provide "a seamless outsourcing solution" to healthcare providers. The strategic alliance joins Qualink, a Brookfield, Wis.-based receivables outsourcing firm, and Zimmerman & Associates, a healthcare receivables consulting firm based in Hales Corners, Wis. The alliance is designed to provide "one-stop shopping for receivables outsourcing," says Qualink President Al Keeley. Qualink, a subsidiary of Payco American, says it currently manages more than $500 million in healthcare receivables. Zimmerman & Associates, founded by Chief Executive Officer David Zimmerman in 1986, provides strategic planning services to healthcare providers seeking to improve cash flow, patient relations and efficiency.
Allegiance Corp., McGaw Park, Ill., has signed a joint development deal with Cleveland Clinic Foundation for new and emerging surgical instruments. Under the agreement, Cleveland Clinic surgeons will collaborate with Allegiance to design instruments for use in a range of procedures, including minimally invasive cardiac surgery. Allegiance's V. Mueller unit plans to manufacture and sell worldwide co-developed instruments judged to have broad appeal. Subject to undisclosed terms, Cleveland Clinic would receive a licensing fee for commercialized products, an Allegiance spokeswoman said.
NovaCare, a King of Prussia, Pa.-based rehabilitation provider, has acquired 24 therapy centers with combined revenues of $47 million. Terms of the acquisitions weren't disclosed. NovaCare officials say 22 of the centers specialize in outpatient physical therapy and orthotics and prosthetics. The other two focus on occupational health services in Arizona and California. In 1996, NovaCare reported total revenues of $793 million.