Med-Metrix Announces Acquisition of HRSI, Expanding Company’s Credential Management Capabilities

PARSIPPANY, NJ, July 15, 2024 /PRNewswire/ — Med-Metrix, LLC (“Med-Metrix” or the “Company”), a leading provider of technology-driven Revenue Cycle Management (“RCM”) solutions backed by A&M Capital Partners (“AMCP”), announced the acquisition of Healthcare Receivable Specialists, Inc. (“HRSI”). HRSI is a specialized RCM and patient access company that provides a comprehensive set of technology-driven eligibility management services. This acquisition further expands Med-Metrix’s comprehensive RCM offerings to include HRSI’s best-in-class Medicaid eligibility services. Financial terms of the transaction were not disclosed.

For the past 25 years, HRSI has supported healthcare systems throughout the Mid-Atlantic region of the United States. HRSI is committed to patient advocacy and maximizes reimbursement for its healthcare system clients using technology-enabled solutions. HRSI’s eligibility services include Medicaid and various federal, state, and local programs, such as Social Security and Disability Insurance (SSI/SSDI) and the Children’s Health Insurance Program (CHIP). HRSI will continue to serve its clients across a diverse mix of healthcare providers. HRSI is headquartered in Greater Philadelphia, Pennsylvania area.

“HRSI has built an excellent reputation as a leading credential management platform, leveraging decades of experience in the field. We look forward to working with Chad Wallace and its leadership team to bring its capabilities to the healthcare marketplace across the United States. This transaction brings together two closely aligned corporate cultures, united by our mission to deliver exceptional results for our customers,” said Joseph DaviFounder and CEO of Med-Metrix.

“As we reflect on HRSI’s growth over the past few decades, we are incredibly proud of the results our team has achieved for our clients. We look forward to building on that momentum with Med-Metrix, particularly in the Medicaid eligibility market,” he said. Linda WallaceCEO and President and Chad WallaceExecutive Vice President, HRSI.

“The acquisition of HRSI underscores and further accelerates Med-Metrix’s comprehensive RCM growth strategy. AMCP looks forward to supporting Med-Metrix’s high-growth trajectory, including additional strategic M&A opportunities,” said Rob HaischAMCP Partner.

About Med-Metrix
Med-Metrix is ​​a leading technology-enabled services platform that provides RCM and Business Intelligence (“BI”) solutions to healthcare systems and physician groups worldwide. United States. Med-Metrix provides comprehensive and point-based RCM and BI solutions through the company’s proprietary software platform. For more information, visit www.med-metrix.com.

About HRSI
HRSI has been providing solutions to healthcare providers and self-paying patients for more than 25 years. HRSI’s vast experience and distinguished reputation are built on a compassionate approach to solving problems in the complex world of unpaid healthcare reimbursement. HRSI is headquartered in Philadelphia, Pennsylvania area. For more information, visit www.hrsi1.net.

About A&M Capital Partners
A&M Capital Partners (“AMCP”) is the flagship investment strategy of Alvarez & Marsal Capital, focused on middle market control transactions. North America with total managed liabilities at approx. $4.0 billion. AMCP partners with founders, corporations, and management teams to provide the capital and strategic support we believe is necessary to take companies to the next level of success. More broadly, Alvarez & Marsal Capital is a multi-strategy private equity investment firm with over $5.9 billion in total managed liabilities across funds and managed accounts, which maintains a strategic relationship with Alvarez & Marsal, one of the world’s largest operationally focused advisory firms. For more information, visit www.a-mcapital.com.

SOURCE Med-Metrix, LLC