Mirroring other segments of the diagnostic healthcare market, radiology practices and imaging centers are challenged with increasing case volume amid declining payor reimbursements and client fee reductions.
Announced July 7th, XIFIN’s acquisition of Computerized Management Services (CMS), Inc. represents a sustained commitment to the radiology market. The agreement broadens XIFIN’s reach in this $100B space while giving customers expanded access to revenue cycle management (RCM) solutions tailored for successfully navigating these increasing market pressures.
Considered a premier solution within the radiology market, CMS provides a comprehensive suite of outsourced financial services focused on maximizing client revenue and cashflow. Its services leverage effective technology systems, integrations, analytics, and services, including RCM, strategic consulting, credentialing, and coding.
CMS has established itself as a true partner for radiology practices and hospitals and aligns with XIFIN’s vision for providing customers with improved visibility, control, and profitability. XIFIN's RCM solutions streamline and optimize the billing process. They enable healthcare organizations to improve claims management and provide practice leaders, administrators, department heads, RCM teams, and finance executives with the ability to make better informed, data-driven decisions.
Through this acquisition, CMS becomes a subsidiary of XIFIN, and the current CEO of CMS, J. Daryl Favale will continue to lead CMS as general manager, XIFIN Radiology Services. Regarding the acquisition, Favale said, “With a shared company mission, I’m looking forward to building upon CMS’s comprehensive revenue management services by leveraging XIFIN’s business intelligence and data analytics capabilities for the benefit of existing and new clients.”
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