– Karo sells Karo Managed Billing services business to Health Prime International, an independent supplier of outsourced medical billing services.
– The sale enables Kareo to retain its focus on advancing it’s industry-leading cloud-based clinical and business management software platform for both independent medical practices and medical billing companies.
Kareo, a provider of cloud-based clinical and business management software for independent medical practices and medical billing companies today announced that it is selling Kareo Managed Billing to Health Prime International, an independent supplier of outsourced medical billing services. Kareo will now offer revenue cycle management services exclusively through its network of over 1,500 medical billing company partners. In making this shift, Kareo further strengthens its relationships with medical billing companies, which in the past have been concerned about competition with their software suppliers.
Impact of Managed Billing Services Business Sale
With this sale, Kareo is the first medical practice software provider to acknowledge that billing companies are in the best position to provide outsourced billing services to medical practices and demonstrates a commitment to helping both healthcare practices and the medical billing industry. This strategic shift enables Kareo to retain its focus on advancing its industry-leading cloud-based clinical and business management software platform for both independent medical practices and medical billing companies.
“The sale of Kareo Managed Billing will enable Kareo to focus on more quickly advancing our software platform and customer support offerings to continue building on our position as the leading cloud-based software supplier to independent medical practices and billing companies,” said Dan Rodrigues, Founder and CEO of Kareo. “We believe this shift in strategy will also help Kareo build stronger relationships with medical billing companies, who in the past were concerned about competing with their software supplier.”
