Parsippany-based Med-Metrix is acquiring Healthcare Receivable Specialists Inc., a company providing a suite of technology-enabled eligibility management services.
Financial terms of the transaction were not disclosed.
Med-Metrix, in a recent news release, said that the acquisition further enhances its end-to-end revenue cycle management offering with HRSI’s Medicaid eligibility services.
For the past 25 years, HRSI has supported health systems throughout the mid-Atlantic region. HRSI’s eligibility services encompass Medicaid and various federal, state and local programs, such as Social Security and Disability and the Children’s Health Insurance Program.
HRSI is based in Philadelphia.
“HRSI has earned an outstanding reputation as a leading Eligibility Management platform, leveraging decades of domain expertise. We are excited to partner with Chad Wallace and his leadership team to bring their capabilities to the health care market throughout the U.S. This transaction unites two closely aligned corporate cultures, united in our mission to deliver exceptional performance for our clients,” Joseph Davi, founder and CEO of Med-Metrix, said.
“Reflecting on HRSI’s growth over the past few decades, we are immensely proud of the outcomes our team has delivered for our customers. We look forward to building on this momentum in partnership with Med-Metrix, particularly in the Medicaid Eligibility market,” Linda Wallace, CEO and president, and Chad Wallace, executive vice president, of HRSI, said.
