The Louisville, Ky.-based ZirMed, a cloud-based business and clinical performance management solution provider, has acquired Chicago-based analytics provider MethodCare.
MethodCare's flagship software as a service (SaaS) solutions utilize predictive analytics in the areas of patient access, charge integrity, and reimbursement all centered on a patient's total episode of care. The solutions aim to pinpoint revenue leakage to identify recoverable missed charges, predict denials and appeal success rates, score patients propensity to pay, flag underpayments, and better manage risk-based contracts, according to officials.
ZirMed will expand its presence in Chicago with a new Healthcare Analytics Center of Excellence led by MethodCare's team of data scientists and business intelligence engineers. MethodCare's implementation and support teams will continue to operate in Chicago with plans for imminent growth. In this past year’s HCI 100 list of health IT vendors, ZirMed ranked 71st with a revenue of $87 million.
"MethodCare is excited to become a part of ZirMed," Jeff Kaplan, co-founder and CEO, MethodCare, said in a statement. "Together, we can accelerate the delivery and breadth of revenue cycle and population health solutions that allow healthcare organizations to achieve improved financial performance and deliver the highest quality patient care.”