The two companies will combine to provide a wide array of revenue cycle solutions.
01/24/2023 11:15 A.M.
1.5 minute read
Wakefield & Associates, an ACA International member company based in Aurora, Colorado, recently announced that Healthcare Receivables Group (HRG) has joined the Wakefield organization.
Together, the two companies will leverage combined capabilities to provide a wide array of revenue cycle solutions, including accounts receivable and cash flow resolutions to health care providers across the U.S.
Founded in 1993, Healthcare Receivables Group (formerly known as Receivables Management Bureau) partners with health care providers to provide effective management of health care receivables.
“HRG has been searching for a dynamic national partner to provide additional resources, services, and infrastructure to support its continued growth and service offerings,” said HRG President Neil Koonce. “By combining forces with Wakefield, our customers and their patients will be the biggest beneficiaries of this new joint venture.”
Established in 1933, Wakefield specializes in revenue cycle management solutions, which includes system conversions, call center partnerships, insurance billing, process and system workflow design, eligibility assistance programs, legal solutions, out-of-network and complex claims services, and working with debt purchasing providers.
“We see many health care organizations struggling to stay afloat as they experience continual negative downward pressure on their cash flow and receive accounts receivable services that are ineffective,” said Matt Laws, CEO of Wakefield. “There’s so much working against them. That’s why this partnership is incredibly important. It allows us to greatly expand our accounts receivable solutions offerings in ways that better serves our health care providers by delivering exceptional results through a fully comprehensive suite of billing services. That’s what it’s all about.”
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