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Ventra Health and ADVOCATE RCM Form Strategic Partnership

Monday, January 08, 2024

Ventra Health has recently announced its strategic partnership with ADVOCATE RCM, a renowned provider of technology-driven revenue cycle management (RCM) services specializing in radiology and other facility-based physician specialties. Under this collaboration, ADVOCATE RCM will now function as a division within Ventra, forming one of the nation's largest and most advanced technology-enabled RCM service providers. The comprehensive suite of services includes cutting-edge technology, data analytics, patient engagement, payer contracting, and automation tools.

Ventra Health, a key player in delivering high-performance business solutions to healthcare entities, particularly in anesthesia, emergency medicine, and hospital medicine, is poised to benefit from this partnership. ADVOCATE RCM brings its reputation for providing top-notch technology solutions, industry-leading performance results, and a tailored client experience, making it a valuable addition to Ventra's portfolio.

The collaboration is expected to be mutually beneficial for both clients and colleagues, emphasizing RCM excellence, shared values, and a proven track record of delivering results. As healthcare providers, especially in radiology, navigate complex reimbursement landscapes, Ventra's expanded RCM capabilities aim to ensure timely and complete compensation for the services rendered.

Ventra, being a portfolio company of Varsity Healthcare Partners, a private equity firm exclusively focused on building leading healthcare companies, strengthens its position in the healthcare industry through this strategic partnership. The financial aspects of this transaction were facilitated by Baird as the exclusive financial advisor to Varsity Healthcare Partners and Ventra, and Lincoln International as the exclusive financial advisor to ADVOCATE RCM and Talisman Capital Partners.

Source: prnewswire.com

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