The healthcare space has consistently undergone changes over the course of the pandemic with companies working to optimize outdated systems and build digital tools to make tasks easier for patients and providers. Two of these companies are joining forces, working to streamline financial processes with the power of automation.
To further its revenue cycle management tech, Alpharetta, Georgia-based nThrive announced this week that it plans to acquire PELITAS, a Plano, Texas-based company that provides financial tools to hospitals. When the transaction closes, the added capabilities will expand nThrive’s existing suite of patient access tools. Financial terms of the deal were not disclosed.
PELITAS operates a collection of platform integrations for patient access and engagement, while nThrive’s SaaS platform works to simplify revenue cycle management for healthcare providers, payers and patients, according to its site. The company serves over 900 health facilities across North America with tools for patient access, claims and contract management, education and more. Its solutions provide hospitals with machine learning and robotic process automation, as well as data analytics to help them increase revenue and reduce healthcare costs.
“PELITAS’ innovative patient access technology solutions complement the front-end of our portfolio by enhancing and automating workflows and enabling a digital patient experience, one of the most coveted solutions in healthcare today,” Hemant Goel, CEO of nThrive, said in a statement.
Both companies work toward the goal of helping healthcare systems achieve better financial outcomes, an objective that starts at the patient level. By incorporating PELITAS’ software, nThrive will equip providers with automated workflow capabilities, enabling them to financially clear patients upon checking in, or before they receive care. It’ll also offer patients self-service features for virtual check-in and payment.
“nThrive and PELITAS share a common vision of transforming the patient financial experience through best-of-breed technology solutions that integrate key touchpoints, eliminate inefficiencies and optimize outcomes,” Steven Huddleston, president and CEO of PELITAS, said in a statement. “Both organizations are relentlessly focused on delivering extraordinary value to customers while fostering business cultures that promote diversity and inclusion.”
Fueling continued growth, the companies are expanding their internal teams across a range of departments. NThrive currently lists remote and Alpharetta-based roles spanning HR, finance, analytics, engineering and more. PELITAS is hiring for project management and analytics positions.