What You Should Know:
– Centauri Health Solutions acquires Applied Revenue Analytics (AppRev) for undisclosed terms to enhance Centauri’s market leadership in hospital revenue cycle optimization.
– AppRev delivers technology-enabled revenue cycle optimization services in a Software-as-a-Service (SaaS) model.
Centauri Health Solutions (“Centauri” or the “Company”), an innovative healthcare technology and services company, announced today that it has acquired Applied Revenue Analytics (“AppRev”), a Texas-based healthcare business intelligence company that delivers results through services and technology that allow hospitals and clinics to improve revenue cycle performance. Financial terms of the acquisition were not disclosed.
AppRev delivers technology-enabled revenue cycle optimization services in a Software-as-a-Service (SaaS) model. Products include Pricing Analytics, Charge Accuracy, Denials Intelligence and Pricing Transparency, serving more than 120 hospital clients throughout the U.S. and Bermuda.
Deal Enhances Centauri’s Market Leadership in Hospital Revenue Cycle Optimization
For Centauri, the acquisition introduces a complementary line of hospital revenue cycle performance services to Centauri’s comprehensive solutions that encompass Medicaid and Disability Eligibility and Enrollment, as well as Out-of-State Medicaid Billing services.The addition of AppRev marks its second recent strategic acquisition in hospital revenue optimization. In December 2019, Centauri acquired Integrated Health Management Services (“IHMS”), a Phoenix-based provider of revenue-cycle management services specializing in patient screening for Medicaid enrollment as well as billing and claim payment reconciliation. AppRev brings a complementary set of revenue cycle management solutions to Centauri.
“Adding AppRev and their best-in-class hospital analytics service offerings to our growing portfolio of companies provides immediate value to our customers and supplements Centauri’s existing revenue accretive solutions to healthcare providers,” said Adam Miller, Centauri CEO and co-founder. “In launching Centauri just six years ago, the goal was to strategically grow to provide what is missing in the marketplace. We continue to do that by offering broad solutions tailored to the unique and changing needs of our industry.”
The combined organization will be led by Miller, with Avery serving as President of AppRev.