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CorroHealth Acquires Healthcare Revenue Cycle Management Services Provider ParaRev.

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Vincent

MANews-(C)2009-2022

US-based healthcare accounts receivable recovery and resolution management firm ParaRev has joined revenue cycle management company CorroHealth, the firm said.

Backed by Housatonic Partners, a San Francisco and Boston-based private equity firm, ParaRev was acquired by CorroHealth, backed by The Carlyle Group, to expand targeted RCM service offerings to the market.

ParaRev offers healthcare revenue cycle management services, from front-end charge master analysis and contract management to end-of-cycle zero-balance underpayment and denial recovery.

The combination of the two companies is highly synergistic in terms of service offerings, customer base and overall strategic vision.

Lincoln International served as exclusive financial advisor to ParaRev in the transaction.

ParaRev, a specialsit in accounts receivable recovery and resolution, works as a virtual extension in hospital's central billing office to help them resolve and collect more of their insurance accounts receivables faster and improve operating margins through a seamless and collaborative...

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