Navigant Consulting Inc. has acquired Chicago, IL-based McKinnis Consulting Services, a firm specializing in Epic-focused revenue cycle assessment, strategy, and optimization assistance for healthcare providers. Under the terms of the purchase agreement, Navigant paid approximately $49 million in cash and $3 million in Navigant common stock at closing.
The addition of more than 70 McKinnis consultants is a smart move for Navigant as it seeks to gain further market share in the Epic consulting services as well as enhance its existing end-to-end revenue cycle management (RCM) services, including assessment, electronic health records (EHR) risk mitigation, and optimization services.
Founded by James McHugh, Timothy Kinney, and John Morris, McKinnis is a rev cycle market leader and KLAS top-rated firm that delivers targeted strategies primarily focused on Epic, assisting healthcare providers in achieving sustainable revenue cycle improvement through an integrated approach involving technology optimization and operational best practices. McKinnis’ clients range across a variety of provider types, including academic medical centers, multi-hospital health systems, physician groups, and community hospitals among others.
“The McKinnis transaction is purpose-driven to expand our RCM capabilities at a time when health system margins are under greater scrutiny. McKinnis’ operational and technical expertise, streamlined methodologies, and outcome-based processes are best in class,” said David Zito, Managing Director and Navigant healthcare segment leader in an official statement. “The McKinnis professionals, which include the firm’s founders, further complement our ability to help clients navigate through the disruptions in the healthcare sector.”
