Quorum Health subsidiary QHR Health has purchased Boulder, Colorado-based revenue cycle service provider Resolution.
Terms of the transaction were not disclosed. The move brings to the QHR network more than 70 revenue cycle experts who will work to “help clients heighten their financial position with sound investments, expanded markets and meaningful long-term financial relationship decisions,” according to a press release.
Resolution offers 20 years of serving the financial needs of QHR’s largest client base, independent community health organizations.
“The acquisition of Resolution answers a specific need our clients face every day, ensuring they have systems and capabilities in place to monitor, track and collect the revenue they are entitled to for services rendered to their patients,” Dwayne Gunter, President of QHR Health, said in the release. “Resolution has served many of our clients for years, and they understand the unique landscape of rural healthcare. Our ability to directly offer a full spectrum of revenue cycle capabilities enhances our value to clients and supports our mission to strengthen independent community healthcare across the country.”
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Last week, Quorum’s CEO of less than two months, Joey Jacobs, resigned from the position and stepped down from the board. Former Capella Healthcare CEO Dan Slipkovich is leading the company on an interim basis.
Source: Nashville Post