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Provident Healthcare Partners Provident Healthcare Partners

Q3 2023 Revenue Cycle Management Update

Provident Healthcare Partners
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Q3 2023 Revenue Cycle Management Update

The Revenue Cycle Management (RCM) sector experienced an uptick in consolidation activity through Q3-23 as six companies were acquired by larger strategic competitors. The majority of acquired companies had both a specific target end user and leveraged cutting edge technology such as AI and Natural Language Processing (NLP).

Acquisitions this quarter were largely driven by the opportunity to diversify services, add depth to existing services, leverage new technology, and increase subscriber bases. While some of the buyers have experience in M&A, other strategic consolidators acquired their first company. We believe the rapid development of AI paired with a tightening lending environment lends itself to an uptick in strategic deals and potentially a continued slowdown in platform formation.

To print and download the full Revenue Cycle Management Update report, please click below…

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