Revenue Cycle Services Provider ACS Acquired by Optimum Outcomes

A recent merger of service providers to the healthcare industry could have implications for your organization’s RCM outsourcing choices.

Optimum Outcomes, a leading provider of account resolution services to hospitals and hospital-based physician groups throughout the United States, announced Tuesday the acquisition of Patient Financial Services and Absolute Collection Service (collectively, “ACS”), businesses focused on healthcare ARM and revenue cycle management services.

“The acquisition of ACS represents another critical milestone in our vision of becoming the recognized leader in optimizing financial outcomes and enhancing the total patient experience,” stated Mike Jacoutot, Chief Executive Officer of Optimum Outcomes. “With a trusted brand, best-in-class solutions and experienced management team, ACS is a highly strategic fit for Optimum Outcomes.”

Headquartered in Raleigh, North Carolina, ACS has approximately 275 employees and a strong base of clients across the U.S., with a concentration in the Southeast. ACS provides several services to its hospital clients, primarily extended business office (EBO) self-pay billing and account resolution, aged receivables (greater-than or equal to 120 days) account resolution and data warehousing services for hospitals that are undertaking, or have recently completed, systems conversions.

Kaulkin Ginsberg Company advised ACS during the transaction.

For more information on this acquisition, read the whole story on insideARM.