Healthcare revenue cycle companies Navicure announced today that it has combined with ZirMed, effectively uniting two top-performing revenue cycle management solutions for the healthcare industry. The combined company will serve more than 400,000 providers and healthcare organizations and will be ideally positioned to further accelerate innovation in the industry by leveraging cloud-based solutions to help empower providers across all care settings to efficiently collect for the quality care and services they provide. Financial terms of the merger were not disclosed.
The combined company will maintain its existing locations and teams in Duluth, Georgia, Louisville, Kentucky, and Chicago, Illinois. During the transition period, the company plans to operate under both the Navicure and ZirMed brands.
Navicure uses real-time data to seamlessly connect providers with payers, enhance workflow and improve financial outcomes. ZirMed helps hospitals, health systems and ambulatory services organizations capture more revenue by combining breakthrough predictive analytics technology with innovative software development and an advanced transactional network.
“We are combining two double-digit growth healthcare revenue cycle technology providers with exceptionally strong reputations for product innovation and client satisfaction,” said Jim Denny, President and CEO of Navicure. “Together, Navicure and ZirMed will provide the highest-rated customer experience to more than 400,000 providers and healthcare organizations. Our solutions will offer the most modern, integrated, commercially-available revenue cycle management platform designed to meet the evolving needs of healthcare providers.”
The merger is expected to close in Q4 2017.