A Hendersonville-based revenue cycle manager has taken over some of the billing services work of a Missouri hospital owned by the Mercy network. Xtend Healthcare's contract comes as Mercy officials reportedly laid off about 40 people at the 886-bed hospital. Read more here.
Revenue cycle manager and clinical information exchange company Emdeon says it is looking to add $160 million to its term loan borrowings. The new funds will go toward general corporate purposes, including acquisitions. (The company recently said it will buy Change Healthcare for up to $185 million.) Emdeon execs say they expect the transaction will be done before New Year's. As of Sept. 30, the company had total long-term debt of $2 billion — almost $1.3 billion of it in senior secured term loan — versus shareholders' equity of about $900 million.
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