Accuro expands its suite of Web-based revenue management solutions
Accuro Healthcare Solutions, Inc. (Accuro) (http://www.accurohealth.com/), announced today that it is expanding its suite of revenue management solutions with the acquisition of The Woodmoor Group, Inc., a provider of Web-based accounts receivables management, denials management and revenue analytics tools.
Based in Raleigh, N.C., The Woodmoor Group offers an integrated product suite of three application solutions. QMSoftware enables management to monitor and analyze accounts receivables, key performance indicators, daily transactions and trends, payor profiling and other metrics; MyMentor, a complementary application to QMSoftware, assists business office personnel in prioritizing and automating account worklists, analyze productivity trends; and QMSDenial facilitates the strategic management of denied claims through active and pending worklists, payor profiling and custom reporting on key performance indicators.
Terms of the transaction were not disclosed. The acquisition is effective immediately.
"The Woodmoor Group will enhance Accuro's revenue management offering with a sharper focus on accounts receivables and denials management. This acquisition enables us to combine various components of the revenue cycle in a complete solution that facilitates the collaborative exchange of data between our products," Accuro President and COO Brent McCarty said. "This is Accuro's sixth strategic acquisition in three years as part of our plan to bring together resources that will enable healthcare providers to efficiently enhance their revenue cycle process."
"Accuro is the industry leader in revenue cycle management, so this acquisition is a natural fit for us," Dennis Moore, CEO of The Woodmoor Group, said. "Our revenue management tools complement Accuro's comprehensive suite of products with solid denials management and accounts receivables solutions that meet providers' revenue cycle needs. We look forward to being a part of this progressive organization."
About Accuro Healthcare Solutions, Inc.
Accuro is the industry leader in revenue management solutions to help providers achieve optimal financial results in an era of ever-diminishing resources and expanding regulatory complexities. The company's Web-based applications help maintain an accurate chargemaster to improve reimbursement and ensure compliance; calculate expected payment and manage net revenue; address transparent pricing issues with rational, yet optimum prices; monitor and manage payor performance, and deliver pioneering business intelligence and analytics, including denials management.
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