IRVINE, Calif., July 24, 2013 /PRNewswire/ -- Kareo, Inc., the cloud-based medical workplace computer code and services supplier for tiny medical practices, declared these days its acquisition of in private control ECCO Health, a full-service supplier of medical asking and associated solutions. Kareo has extended employment offers to all or any ECCO managers and workers and every one square measure expected to affix the new combined company. The acquisition of ECCO follows Kareo's Jan 2013 launch of Kareo asking Services, and therefore the combined business currently provides medical asking services to over five hundred medical practices nationwide.
"Having worked with many asking firms since Kareo's foundation in 2004, we've developed a deep understanding of the vary of capabilities from asking company to asking company," aforementioned Dan Rodrigues, founder and CEO of Kareo. "ECCO is noteworthy because of the strength of its team, the standard of its client relationships, the potency of its operational model, and therefore the company's record of innovation. the mix of ECCO's appreciable strengths with Kareo can change US to deliver a fair stronger answer to the market. we tend to welcome ECCO's customers and team to the Kareo family."
ECCO Health has provided medical asking services for the last decade, building a national capability from the company's base in urban center. Through insights created by ECCO's deep client relationships, the corporate has extended its asking services to incorporate medico credentialing, front workplace services, and best apply consulting. ECCO has designed appreciable experience across a large vary of specialties, together with medical aid, medicine, General Surgery, cosmetic surgery, medicine, Pain Management, medicine, medicine, Podiatry, Infectious Diseases, Hospitalist and Hospitalists teams, Surgery Centers, pressing Care, Anesthesia, Neurology, Cardiology, medical specialty and sturdy Medical instrumentation organizations. ECCO has succeeded by serving to its practice customers operate additional expeditiously and effectively whereas making certain they get got their necessary work of providing patient care.
"The strengths of Kareo's apply management and EHR applications are a key component of our success with our customers over time," aforementioned Jim Sholeff, founder and partner of ECCO Health. "We conjointly appreciate Kareo's commitment to operating in associate degree open and cooperative method with its partners, together with asking firms. currently we've got a stimulating chance to affix forces and deliver to our customers a fair stronger set of solutions."
According to a brand new report by Frost & Sullivan, U.S. medico Revenue Cycle Management (RCM), the marketplace for medico RCM solutions in 2012 was $11.1 billion and is predicted to grow to $14.6 billion by 2016. "Medical Practices notice they need to take each live to maximise revenue and address inefficiencies and shortfalls in obtaining paid absolutely and on a timely basis," wrote urban center Fabozzi, Principal Analyst, Connected Health, Frost & Sullivan. "Medical practices can got to considerably re-engineer their entire RCM operate, and most can obtain solutions that supply strong integration between clinical and money systems."
The acquisition of ECCO positions Kareo well for the expected growth in integrated medico RCM solutions. the corporate currently serves over twenty,000 suppliers across the U.S. representing all medical specialties. Kareo delivers associate degree integrated cloud-based platform comprised of EHR, apply management, and technology-enabled medical asking services. Kareo conjointly provides a broad choice of specialty EHRs and added applications delivered through integrated partner solutions and maintains a network of over 600 medical asking firms that deliver their distinctive services utilizing Kareo's apply management application. In 2013, over $25 billion in medical asking are going to be managed through the Kareo platform with computer code and services facultative suppliers to realize the very best doable assortment rates.
About ECCO Health
ECCO Health may be a sure nationwide skilled medical asking service and apply management company primarily based in urban center, Nevada, with BPO operations in Madras, Bharat and San Jose, Costa Rica. the corporate focuses on relieving body duties of little and medium sized medical practices, permitting doctors to specialize in patient care. ECCO provides full-service medical asking and committal to writing, apply management, bilingual programing and operator service, referral and recall management, patient eligibility verification, previous authorizations and credentialing & catching services.
About Kareo
Kareo is that the solely cloud-based medical workplace computer code and services platform dedicated to little practices. At Kareo, we tend to believe that, with the proper tools and support, little practices will do huge things. we provide associate degree integrated suite of product and services designed to assist little apply physicians get paid quicker, run their business smarter, and supply higher care. Our apply Management computer code, asking Services, and free, full-featured EHR facilitate over twenty,000 medical suppliers additional expeditiously manage the business and clinical sides of their apply. Headquartered in Irvine, California, Kareo's mission is to assist suppliers pay their time centered on patients, not work. For additional data, visit www.kareo.com.
Media Contact:
Meghan Fintland
Ogilvy PR
P 415 677 2704
kareo@fkhealth.com
SOURCE Kareo, Inc.
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