CorroHealth Enhances Offerings with Navient Acquisition
CorroHealth Expands Horizons with Strategic Acquisition
The recent acquisition of the Xtend healthcare revenue cycle management business marks a pivotal moment for CorroHealth, a well-regarded healthcare technology leader. This strategic move propels CorroHealth into a new realm, solidifying its position as a frontrunner in the revenue cycle management sector.
Enhancing Service Capabilities
The integration of Xtend's offerings into CorroHealth's suite means significant enhancements in their existing revenue cycle management (RCM) capabilities. Clients can now anticipate improved solutions that increase efficiency and engagement, particularly in the realm of patient communications, a key aspect that was previously absent.
Importance of Patient Engagement
This acquisition not only amplifies CorroHealth’s existing services but also introduces new avenues for enhanced patient engagement. By offering multichannel communication options, CorroHealth ensures that their providers can maintain effective and efficient interactions with patients throughout their healthcare journey.
CorroHealth's Commitment to Growth
As part of this agreement, over 925 employees from Xtend will now join the CorroHealth team, bringing with them invaluable expertise and experience. CEO Pat Leonard emphasized how this addition represents not just growth in terms of numbers, but a significant elevation in service quality and financial security for their clients.
A Shared Vision for Success
Mike Morris, the President of Xtend Healthcare, expressed enthusiasm about this union, stating that it allows for an expanded range of capabilities and automation tools, benefitting customers with a more comprehensive suite of services.
CorroHealth's Comprehensive Solutions
CorroHealth stands as the leading provider of clinically driven healthcare analytics and technology solutions. Their commitment to enhancing financial performance for health providers is clear, making them a vital player in the healthcare landscape.
Global Reach and Expertise
With a workforce exceeding 11,000 and operations in various countries, including the United States, India, and the United Kingdom, CorroHealth is positioned to deliver exceptional service and innovative solutions on a global scale.
Frequently Asked Questions
What is the significance of the acquisition of Xtend by CorroHealth?
This acquisition significantly enhances CorroHealth's RCM services, allowing for broader patient engagement and improved operational efficiencies.
How will the acquisition benefit current CorroHealth clients?
Current clients will experience enhanced services, including multichannel patient communications that improve overall service delivery.
Who are the key people involved in this acquisition?
Key figures include CorroHealth CEO Pat Leonard and Xtend Healthcare President Mike Morris, both instrumental in the merger's success.
What kinds of solutions does CorroHealth provide?
CorroHealth offers healthcare analytics solutions and a wide array of technology-driven services aimed at improving financial performance for healthcare institutions.
Where is CorroHealth headquartered?
CorroHealth is headquartered in Plano, Texas, and operates globally with offices in several countries.
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