Dallas-based Ventra Health, a leading business solutions provider for hospital-based clinicians, has acquired ArcMed, a billing and automation services organization based in India, Ventra announced.
Ventra said the acquisition will strengthen its service performance and quality, optimize operational efficiencies, and provide added scale for automation and growth.
Financial terms of the acquisition were not released.
“Based on client feedback, we are transforming our client success and service delivery approach and moving several non-client-facing functions to a more cost-effective model,” Ventra Health CEO Steven Huddleston said in a statement. “This enables us to make greater investments in client-facing areas, such as client success, data and analytics, provider education, quality, and compliance.”
Aiming for predictable outcomes and consistent quality
With the deal, Ventra Health said it is making a strategic shift toward controlling processes, systems, and structures that will lead to highly predictable outcomes and consistent quality.
“We are delighted to be part of the Ventra Health family,” ArcMed CEO Maya Mohan said in a statement. “I am confident our work together will yield the automated solutions and financial performance essential for the long-term success of Ventra Health’s clients.”
Ventra Health said its new operating model, predictive analytics platform, and intelligent process automation will enable it to consistently deliver market-leading results and help its clients navigate payer and regulatory complexities.
“Ventra Health’s mission is to solve our clients’ business challenges, enabling them to focus on optimal patient care,” Huddleston said. “The acquisition of ArcMed allows us to expand our global captive service delivery model and execute on our objectives while strengthening our foundation of trusted expert guidance, economies of scale, and best-in-class technology.”
Ventra Health was formed in 2021
Ventra Health was formed in 2021 when three long-established revenue cycle management companies—Abeo, DuvaSawko, and Gottlieb—joined together to form it.
Focused on advisory, practice management, and revenue cycle management, Ventra Health is a business solutions provider for hospital-based clinicians practicing in anesthesia, emergency, and hospital medicine. It partners with private practices, hospitals, and health systems to deliver data-driven and transparent solutions to address the most complex revenue and reimbursement issues, enabling clinicians to focus on providing outstanding care to their patients and communities.
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