Revenue and payment cycle specialist Recondo Technology announced last week it had acquired revenue cycle competitor Lakewood, Fla.-based Trilogi, Inc., in a move that broadens Recondo's customer base.
Terms of the deal were not released.
The combined company will now offer its customers a broader array of products and service in the pre-payment authorization, revenue cycle and recovery services.
"Trilogi is a leader and innovator in hospital revenue recovery services and Recondo likewise on the technology front. Together we offer our customers unrivaled value," said Rick Adam, Recondo founder and CEO, in a press release announcing the acquisition.
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According to Recondo, the combined company will be able to offer clients two methods for revenue recovery: one that is automated and technology-based and another that is based on the business process outsourcing model.
"Trilogi has long since been delivering unparalleled service solutions to our hospital clients, and I feel that combining the technology power of Recondo with our expertise will allow us to continue to lead the healthcare receivables industry," said April Kooiman, Trilogi co-founder and president, in a statement. "Recondo Technology has been a company I have admired over the years, and I'm thrilled that we are combining our forces in order to create innovative and cutting-edge solutions for our clients."
The range of services provided will offer programs addressing, denial management, complex and denied claims, underpayment recovery and workers compensation. Other services will include commercial and government health insurance follow-up, system conversion and legal services and litigation management.