Q1-2023 Revenue Cycle Management Update
Q1-2023 Revenue Cycle Management Update
Despite an overarching hesitancy to most software investments, RCM acquisition activity rebounded from both strategic partners and financial sponsors in the first quarter of 2023. Strategic partners continue to prefer RCM companies with a specific niche end-user sector, while private equity investors have acquired platforms intended to serve multiple specialties.
In the first quarter of the year, two new private equity platforms were formed, leading Provident to believe there will be continued appetite for acquisitions, especially as these newly created entities will evaluate potential add-on acquisitions.
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