The Outsource Group serves hospitals, as well as private and hospital-based physician practices. The company provides hospital business-office outsourcing, insurance billing and follow up, third-party liability, primary and secondary bad-debt collections, Medicaid eligibility, onsite financial counseling, and physician billing and follow up.
“Our companies are highly complementary,” Eric Ward, Parallon's president of its revenue-cycle management organization, said in a news release. “The Outsource Group's service offerings fit nicely within the array of revenue-cycle services currently provided by Parallon. This acquisition allows Parallon to offer a complete and flexible spectrum of solutions, on either a bundled or individual service basis.”
Financial terms of the transaction were not disclosed, though the companies anticipate closing the deal in the third quarter. Last December, Parallon added temporary physician staffing services to its workforce division when it acquired Martin, Fletcher, an Irving, Texas-based healthcare recruiting firm.
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