AppRev Expands Through Acquisition by OSG Billing Services

Thursday, September 27, 2018 General News
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AppRev announced today that it has been acquired by OSG Billing Services (OSG), a leading provider of omnichannel billing and payment solutions, customer engagement and critical customer communication management. This pivotal transaction offers great opportunity for growth to AppRev and further heightens the momentum surrounding OSG in the healthcare space through its OSG Diamond Healthcare Solutions division.

TEMPLE, Texas, Sept. 27, 2018 /PRNewswire-PRWeb/ -- AppRev is a healthcare business intelligence company based in

Temple, Texas, providing services and technology that allow providers to improve revenue cycle performance. The company aligns perfectly within OSG's matrix of integrated customer communications, offering solutions that are both comprehensive and configurable. This acquisition also extends OSG's market leadership and broadens OSG's reach to more than 500 providers, physician groups?and revenue cycle management companies.

"This is an exciting new chapter for AppRev," states Seth A. Avery, who will continue in his role as President of AppRev. "By joining forces, we now offer more data-driven, comprehensive solutions to our customers and significant opportunities to our employees and partners." Greenberg Advisors acted as financial advisor to AppRev on the transaction.

"We are innovating the healthcare market with solutions that merge patient preference with provider necessity," states Scott W. Bernstein, OSG's Chairman and CEO. "AppRev's pricing analytics and revenue cycle solutions add tremendous value to leading healthcare providers. We're excited to bring their capabilities to more of our healthcare customers as a means of improving their revenue cycle process and patient engagement. We look forward to working with the talented team at this company."

About OSG For more than 25 years, OSG has been a leading outsourced provider of omnichannel billing and payment solutions, offering a full suite of integrated customer communications and engagement solutions that transform the way our clients reach their customers. From transactional documents to strategic marketing initiatives, OSG employs cutting-edge digital technology to expertly craft communications that enhance the customer experience. OSG's reputation for excellence is based upon award-winning communications solutions and long-term investment in clients' success.

About AppRev AppRev is a Healthcare Business Intelligence company based in Temple, Texas, providing services and technology to more than 120 hospitals throughout the United States and Bermuda. AppRev delivers results through services and technology that allow hospitals and clinics to improve revenue cycle performance. The company's solutions are provided via web delivered Service Supported Software™ and in Charge Accuracy, Charge Review, Denials Intelligence, Pricing Analytics, CDM and DSH services. All AppRev solutions employ ongoing measurement of revenue cycle improvements and can be tailored to meet customer-specific requirements.

 

SOURCE AppRev



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