WellSky Acquires Corridor, Expands Commitment to Offering Best-in-Class Coding, Revenue Cycle Management Services for Post-Acute Industry

The Combined Companies will Work Together to Bolster Providers’ Ability to Improve Financial Performance and Succeed in Value-Based Care Arrangements WellSky, a leading health and community care technology company, announced today that it has acquired Corridor, an end-to-end tech-enabled services platform designed for the post-acute care industry’s toughest challenges, from HealthEdge Investment Partners, a healthcare-focused private equity firm. By adding Corridor to its portfolio, WellSky will expand its medical coding and revenue cycle management (RCM) offerings to help care providers increase efficiency and improve performance across clinical, financial, operational, and compliance areas. Given the increasingly complex and frequently changing regulations that complicate coding and billing processes, healthcare organizations are turning to trusted and experienced coding and RCM providers who can increase productivity and help ensure accurate reimbursement. With the addition of Corridor, WellSky expands its comprehensive services — including medical coding, clinical documentation review, billing, and collections services — that address these challenges within the post-acute and long-term care sectors. “Providers today must continually demonstrate higher quality performance and compliance, and they’re looking for solutions to support quality patient care and reduce administrative burdens,” said Bill Miller, CEO at WellSky. “As we looked to strengthen our ser...
Source: EMR and HIPAA - Category: Information Technology Authors: Tags: Health IT Company Healthcare IT Bill Miller Corridor Des Varady Experience Care Health IT Acquisitions Healthcare M&A HealthEdge Investment Partners Lincoln International WellSky Source Type: blogs