Navicure and ZirMed Complete Merger to Become Leading Provider of Revenue Cycle Management

November 1, 2017

Combined Company Offers Innovative Solutions for Hospitals, Health Systems, Physician Practices and Other Ambulatory Services Organizations

Brings Expanded Services and Advanced Predictive Analytics with the Industry’s Best Client Service

DULUTH, GA, LOUISVILLE, KY, CHICAGO, IL – November 1, 2017 – Healthcare revenue cycle management technology leaders Navicure® and ZirMed® today announced the successful completion of their previously announced merger. The combined company, which will initially operate under both the Navicure and ZirMed brands, provides hospitals, health systems, physician practices and other ambulatory services organizations with a comprehensive suite of analytics-driven solutions proven to help improve financial performance. Financial terms of the private transaction were not disclosed.

“Our solutions address a major pain point for providers – unifying and automating revenue cycle management in virtually every care setting,” said Matthew Hawkins, CEO of the combined company. “We are ideally positioned to further accelerate innovation in the industry, and will continue to help hospitals, health systems and ambulatory organizations efficiently collect for the quality care and services they provide.”

Navicure and ZirMed are market-leading, cloud-based RCM providers with exceptionally strong reputations for product innovation and client satisfaction. Together, they provide the highest-rated client experience to more than 440,000 providers, 21,000 healthcare organizations and 550 hospitals and health systems. Additionally, the combined company is connected to more than 530 software systems and 5,000 health plans, processing over $2 billion in patient payments and payment transactions.

“As recognized leaders in service excellence, our continued focus will be greater success for our clients and partners. We are also focused on providing fulfilling career opportunities for our team members,” Hawkins continued.

The combined company will be principally located in Atlanta, Georgia; Louisville, Kentucky; and Chicago, Illinois.

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About Navicure and ZirMed

Navicure and ZirMed are now one company. The combined company, which will initially operate under both the Navicure and ZirMed brands, provides integrated cloud-based healthcare revenue cycle management (RCM) solutions that improve both operating efficiencies and financial results including revenue, cash flow, and cost of collecting from payers and patients. The company’s platforms include solutions for medical claims management and monitoring, charge integrity, contract management and modeling, AR management, patient billing and payments, predictive analytics, and eligibility and coverage detection. Navicure and ZirMed are recognized as industry leaders, collectively scoring Best in KLAS® claims clearinghouse every year since 2010 and multiple #1 rankings in both medical claims processing and patient payment solutions from Black Book™ surveys since 2012. The combined company supports more than 400,000 providers, hospitals, health systems and ambulatory services organizations and partners with the leading EHR and practice management solution providers. For more information, visit www.Navicure.com and www.ZirMed.com, or follow @Navicure and @ZirMed on Twitter.

 

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Julia Gardial

Dodge Communications

678.879.1929

jgardial@dodgecommunications.com

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