Navigant Acquires RevenueMed
February 23 2015 - 4:35PM
Business Wire
Strengthens Navigant’s End-to-End Healthcare Offering &
Platform, Creating Additional Opportunities for Scale
Navigant (NYSE: NCI) announced today that it has acquired
RevenueMed, an Atlanta-based provider of coding, revenue cycle
management, and business process management services for the
healthcare sector. The acquisition further strengthens Navigant’s
position as a leading provider of end-to-end revenue cycle business
process management services and expands the Company’s platform to
include global, offshore capabilities for its clients.
RevenueMed has developed several proprietary software and
process tools to support financial and back-office operations of
healthcare providers and leverages a wholly-owned delivery network
in India to operate as an extension of the client’s business
office. The company appeared for six consecutive years on Inc.
Magazine’s list of Fastest Growing Private Companies in the United
States.
“We are delighted to announce the addition of RevenueMed, which
augments our business process management client offerings and
further positions Navigant for long-term, sustainable growth,”
stated Julie Howard, Navigant Chairman and Chief Executive Officer.
“Our continued investment in business process management services
builds on and complements our deep consulting expertise. The
addition of RevenueMed provides greater scalability in a fast
growing sector to support our revenue and profitability growth
goals. We welcome the RevenueMed team to Navigant.”
RevenueMed was founded in 2002 by Chief Executive Officer,
Michael von Grey. RevenueMed’s medical coding capabilities are
delivered by professionals that include physicians and nurses whose
knowledge provides a strong foundation for the market’s evolution
to complex ICD-10 coding. Day-to-day operations will continue to be
managed by von Grey and his current leadership team, and will be
part of the Navigant Cymetrix business.
“The Healthcare sector is facing unprecedented pressure as it
navigates growing complexities while delivering better outcomes and
value to patients,” said David Zito, Managing Director and Navigant
Healthcare segment leader. “As we assist health systems to position
themselves for the future amidst market and regulatory changes, we
expect continued high demand for business process solutions. Our
clients are focused on optimizing operational efficiencies and we
look forward to working with them to develop solutions that focus
on delivering quality care and better patient outcomes in an
environment of declining reimbursement.”
“We are joining Navigant at such an important time – for our
firm, for Navigant and for the Healthcare sector overall,” said
RevenueMed Chief Executive Officer, Michael von Grey. “The
convergence of our capabilities and resources with the robust
business process management offering already in place at Navigant
will create more options and solutions for a broader client
base.”
About Navigant Healthcare
Navigant Healthcare, a business segment of Navigant, works
collaboratively across a spectrum of clients in the payer, provider
and life sciences space. Its professionals consist of industry
thought leaders, healthcare executives, clinicians, physicians and
seasoned consultants who assist health systems, physician
organizations, payers and life sciences companies in designing,
developing and implementing integrated, technology-enabled
solutions that create high-performing healthcare organizations.
Through a unique interdisciplinary approach leveraging the depth
and breadth of experience, Navigant Healthcare enables clients to
build their capabilities and achieve sustainable peak performance
around quality of care, cost, leadership, and culture in today’s
changing healthcare environment.
About Navigant
Navigant (NYSE: NCI) is a specialized, global professional
services firm dedicated to assisting clients in creating and
protecting value in the face of critical business risks and
opportunities. Through senior level engagement with clients,
Navigant professionals deliver expert and advisory work through
implementation and business process management services. The firm
combines deep technical expertise in Disputes and Investigations,
Economics, Financial Advisory and Management Consulting, with
business pragmatism to address clients’ needs in highly regulated
industries, including Construction, Energy, Financial Services and
Healthcare. More information about Navigant can be found at
navigant.com.
Statements included in this press release which are not
historical in nature are forward-looking statements as defined
within the Private Securities Litigation Reform Act of 1995.
Forward-looking statements may generally be identified by words
such as “anticipate,” “believe,” “intend,” “estimate,” “expect,”
“plan,” “outlook” and similar expressions. These statements are
based upon management’s current expectations and speak only as of
the date of this press release. The Company cautions readers that
there may be events in the future that the Company is not able to
accurately predict or control and the information contained in the
forward-looking statements is inherently uncertain and subject to a
number of risks that could cause actual results to differ
materially from those contained in or implied by the
forward-looking statements including, without limitation: the
success of the Company’s organizational changes and margin
improvement initiatives; risks inherent in international
operations, including foreign currency fluctuations; ability to
make acquisitions and divestitures; pace, timing and integration of
acquisitions and separation of divestitures; impairment charges;
management of professional staff, including dependence on key
personnel, recruiting, attrition and the ability to successfully
integrate new consultants into the Company’s practices; utilization
rates; conflicts of interest; potential loss of clients or large
engagements; clients’ financial condition and their ability to make
payments to the Company; risks inherent with litigation; higher
risk client assignments; professional liability; potential
legislative and regulatory changes; continued access to capital;
and market and general economic conditions. Further information on
these and other potential factors that could affect the Company’s
financial results are included under the “Risk Factors” section and
elsewhere in the Company’s filings with the Securities and Exchange
Commission ( SEC ), which are available on the SEC’s website or at
www.navigant.com/investor_relations. The Company cannot guarantee
any future results, levels of activity, performance or achievement
and undertakes no obligation to update any of its forward-looking
statements.
Navigant CommunicationsCarrie Grapenthin, 312.573.5636orNavigant
Investor RelationsAaron Miles, 312.583.5820
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