Company Renamed Adreima, Positioning Itself as a Leading Advocate for Hospitals in Eligibility and Reimbursement
PHOENIX--(BUSINESS WIRE)-- Advanced Reimbursement Management, now known as Adreima, today announced that it has acquired Hospital Inpatient Services (“HIS”), a Florida-based provider of eligibility services to hospitals on the East Coast of the US. This acquisition represents the first of several that Adreima plans to complete as it executes its strategy of becoming the industry’s leading revenue cycle management (“RCM”) company specializing in Medicaid reimbursement. In addition, the company is now well positioned to leverage its impressive track record of expanding geographically through new contract growth. Adreima now provides eligibility and other healthcare RCM services to over 70 hospitals in 10 states, and has more than 300 employees.
Adreima will continue to maintain its corporate headquarters in Phoenix, AZ, where it serves hospitals located in five states located throughout the Western US. HIS, founded in 1985 and serving hospitals in five states on the East Coast of the US, will maintain its operation centers in Jacksonville and Ft. Lauderdale, FL. HIS customers will continue to receive the same level of exceptional service they have come to expect and will work with the same team of HIS employees. HIS will transition to the Adreima name by year-end.
“The acquisition of HIS brings tremendous eligibility and disability services expertise to the company and complements our existing healthcare revenue cycle management capabilities,” said Adreima Chief Executive Officer Connie Perez. “With this acquisition, we are taking a significant step toward building a national footprint, expanding availability of our services at a time when hospitals increasingly face challenges associated with declining reimbursement rates as well as complex and constantly-changing reimbursement rules.”
HIS Senior Vice President of Operations Kathy Turner-Motley noted, “We are extremely pleased to become a part of Adreima. We recognize Adreima's stellar reputation in the industry for unsurpassed customer service, and we are excited to have their support as we continue our strong organic growth along the East Coast.”
Advanced Reimbursement Management also announced today that it has changed its name to Adreima and adopted the tagline Advocacy for Reimbursement Matters to better reflect the company’s long-standing customer-centric philosophy, providing outstanding service for its client hospitals and their patients. Adreima provides advocacy for patients, helping them to become eligible for one or more government healthcare programs, while also advocating for hospitals, helping them to maximize receipt of the revenue to which they are entitled.
“Positioning the company for geographic expansion, the change from Advanced Reimbursement Management to Adreima creates an identity that more closely reflects our role as advocates for hospital clients,” said Perez. “It better communicates our mission and supports our vision of offering eligibility and reimbursement services to clients nationwide.”
Adreima advocates for hospitals nationwide, providing eligibility and revenue cycle management services supported by a deep knowledge of state-specific issues and unparalleled in-house expertise. Adreima improves financial performance for, and builds long-term trusting partnerships with, more than 70 hospital clients in 10 states. In addition to eligibility services, Adreima handles complex clinical reimbursement issues, manages wrongful denials of benefits or payments and recovers incremental post-payment revenue. Founded in 1990 and headquartered in Phoenix, Arizona, Adreima is a portfolio company of Waud Capital Partners, a leading middle market private equity firm based in Chicago with significant healthcare investment experience.
KEYWORDS: United States North America Arizona Florida
INDUSTRY KEYWORDS: Health Hospitals Managed Care