Bothell, WA, Release: April 1, 2019. For Immediate Release
Ni2 Health and ERIS Medical Technologies have announced that Ni2 has acquired ERIS to enhance their Revenue Cycle technical solutions offerings within the healthcare market segment as of April 1, 2019.
ERIS Medical Technologies, founded in 2009, was formed with the intent to develop advanced technologies to empower clinicians and hospital staff to efficiently manage hospital charge capture and reconciliation processes through defined technology and exception-based rules. ERIS Medical Technologies offers comprehensive and automated solutions that quickly and efficiently identify missing and noncompliant charges for health care providers. ERIS products are driven by a proprietary rules logic engine that boasts over 375,000 algorithms with code pairing capability and clinical leading practice guidelines. ERIS’ comprehensive charge capture solutions have been industry proven and typically improve healthcare provider’s net patient revenue by 1-7% and improve a provider’s revenue cycle operational efficiency by up to 70%.
Ni2 Health, founded in 2016, was formed to help solve the unprecedented and escalating financial pressure on community hospitals and healthcare organizations. Ni2 specializes in identifying new high leverage opportunities to improve financial performance in areas client teams have already looked. Ni2 provides the execution leadership and support (Performance Insourced) to ensure that the opportunities identified become real bottom line improvement. Ni2 Health offers a variety of services in the healthcare revenue cycle management segment as well as the healthcare financial and expense optimization segments.
Jennifer Wexler, co-founder and Principal with ERIS commented “Ni2 Health’s acquisition of ERIS Medical Technologies provides a major growth opportunity for both our businesses through an extended service offering for our clients. As organizations look for new ways to leverage technology and services within healthcare revenue cycle management, we will be best positioned to support them on that journey.” Wexler will join Ni2 Health as a Vice President within the Revenue Cycle Management Technology division.
In addition to Jennifer, Kelly Bucci, co-founder of ERIS offered “Ni2 Health offers an exciting opportunity for ERIS to strengthen and expand its service offering in the healthcare revenue cycle segment.” “With a range of high-profile clients, the acquisition of ERIS supports the Ni2 Health strategy to lead the market and meet the future requirements for hospitals and healthcare systems across the country.” Bucci will join Ni2 Health as a Vice President within the Revenue Cycle Management Technology division.
Jason Adams, Principal & Chief Executive of Ni2 Health stated “We are extremely excited to add the ERIS solutions to the Ni2 Health solution set. We believe our newly combined services will set Ni2 Health apart in the market. Providing sustained and measured value to our clients is at the core of what we do, and we look forward to continuing with that focus as we integrate ERIS into the Ni2 Health methodologies and services. We are also excited that both Kelly and Jennifer are joining the Ni2 Health leadership team.”
The expanded business will serve clients across the United States coast to coast.