Nashville-based RevPoint Healthcare Technologies has been acquired by health IT holding company Availity, which is based Jacksonville, Florida.
Through the acquisition, terms of which were not disclosed, RevPoint — which changed its name from nTelagent last year — will operate under the Availity brand as part of its revenue cycle management solutions suite. The company will continue to be run out of Nashville and no leadership changes have been announced.
"We are very excited about joining Availity," said RevPoint Hal Andrews, pictured here, in a statement. "Their relentless focus on delivering high-value solutions that simplify the provider revenue cycle is a perfect complement to RevPoint's capabilities. Coming together with them is a real win for both our companies and our customers."
Availity's health information network serves 2,700 hospitals and more than 350,000 providers nationwide through integrated delivery networks and revenue cycle management. Through RevPoint, which focuses on front office payment collection, the company seeks to improve cash flow and extend its reach into the hospital and health system sector.
"With patient financial responsibility on the rise, a wave of new payment models in the market and increased pressure to reduce operating costs, providers must be able to accelerate their patient collections earlier to maintain a healthy cash flow," said Russ Thomas, Availity's CEO. "The tools developed by RevPoint make that possible by facilitating an integrated and automated workflow for up-front patient collections, enabling us to deliver an even more powerful solution to our customers."
Brentwood Capital Advisors served as the exclusive financial advisor to RevPoint in its sale to Availity.