BOSTON, March 25, 2019 /PRNewswire/ -- Riverside Partners, a Boston-based private equity firm, is introducing Revecore, a company bringing together best-in-class organizations to deliver specialized services in the most challenging areas of hospital revenue cycle management. Following their strategic operational alignment in September 2018, two of Riverside's portfolio companies, Bottom Line Systems and Medical Reimbursements of America, will join forces under a common brand as BLS | Revecore and MRA | Revecore, respectively.
"Over the past 20 years, both organizations have built a strong reputation as the definitive experts in underpayments, denials, automobile, and workers' compensation claims for some of the largest healthcare systems in the country," said Max Osofsky, Revecore's Board Chairman and General Partner at Riverside Partners. "We are excited for BLS and MRA to maintain their market position as leaders and trusted providers in healthcare revenue cycle management under a new common name."
The new brand is designed to unify BLS and MRA in the industry and collaboratively achieve even greater results for clients. With more historical perspective than anyone else in its four core services (underpayments, denials, automobile and workers' compensation) — now together under the Revecore umbrella — the companies are better positioned to accelerate growth nationally and deliver optimal results for clients.
"The alliance between BLS and MRA has created operational synergies and given us the opportunity to leverage talent across the combined organization and make additional investments in infrastructure and technology," said Revecore's CEO, Mark Talley. "From the start, the common objective across our companies has been to ensure that healthcare providers are appropriately reimbursed for the care provided to their patients. We are extremely excited for the next stage of growth under a shared brand."
Structurally, the organizations will maintain independent operations. They will, however, benefit from a unified shared services organization that includes the executive team, finance, technology, human resources, legal and sales and marketing.
The new brand was formally launched on March 20, 2019 at the Healthcare Financial Management Association's (HFMA) Revenue Cycle Conference in Austin, TX. The event was marked with a ribbon cutting ceremony that included Revecore Executive Chairman Bob Stevens, Revecore CEO Mark Talley, and HFMA executive Mary Mirabelli.
For more information, please visit www.revecore.com to explore the new Revecore website and Revecore services. In addition to the new brand website, both the BLS and MRA websites have been upgraded to reflect the new BLS | Revecore and MRA | Revecore brands. Please visit at: www.mra.revecore.com and www.bls.revecore.com.
About BLS | Revecore
BLS | Revecore provides specialty reimbursement solutions focused on underpayments and denials services. The company utilizes proprietary technology and a highly skilled team of billing and coding experts to identify and recover additional revenue for hospitals and health systems throughout the U.S. In addition, BLS | Revecore provides its clients with ongoing information in order to streamline revenue cycle processes, improve payer contracts, and increase future reimbursement. BLS | Revecore was founded in 1996 and is based in Crescent Springs, Kentucky.
For more information, please visit www.bls.revecore.com.
About MRA | Revecore
MRA | Revecore provides specialty reimbursement solutions that identify and recover additional revenue for hospitals and health systems nationwide. MRA | Revecore's AcciClaim™ solution, led by the industry's leading team of specialized attorneys, revenue cycle experts and account resolution specialists, delivers improved revenue, increased patient satisfaction, and enhanced billing compliance from complex claims related to motor vehicle accidents and workers' compensation injuries. Founded in 1999 and based in Franklin, Tennessee, MRA | Revecore proudly serves as a definitive source for specialty reimbursement services for more than 500 hospitals and health systems nationwide.
For more information, please visit www.mra.revecore.com
About Riverside Partners
Founded in 1989, Riverside Partners is a middle market private equity firm currently investing Riverside Fund VI, L.P. The fund focuses on growth-oriented companies in the healthcare and technology industries. Riverside Partners is particularly experienced at partnering with founders, owners and management teams and it brings substantial domain expertise and operating experience to its portfolio companies.
For more information, please visit www.riversidepartners.com.
SOURCE Riverside Partners