Q2 2023 Payor Services Update
The second quarter of 2023 produced a slower rate of transactions compared to the strong start to the year. Payor services companies acquired this quarter primarily serve employer plans and workers compensation plans with solutions such as medical bill review services.
Despite the comparatively slower quarter, Provident anticipates strategic acquisitions of payor services companies to continue at a similar pace as 2022 in the remaining months. The sector remains attractive as approximately 70% of working adults are covered by employer sponsored health plans according to the Employee Benefit Research Institute. Given the prevalence and expense of self-funded plans, payor services companies that demonstrate a tangible return on investment for employers will continue to draw interest from strategic partners and financial sponsors.
To print and download the full Payor Services Update report, please click below…
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