Chicago, IL (PRWEB) March 07, 2014
Adreima, a national provider of clinically-integrated revenue cycle services, today announced the acquisition of M. Leco & Associates ("Leco"), a Pittsburgh-based healthcare revenue cycle management business that serves more than 100 hospitals nationwide. Subsequent to the acquisition, Adreima now has more than 1,150 dedicated team members, including 250 specialized physicians, nurses and coders, serving 700 hospitals and providers across 42 states. Adreima’s full suite of solutions includes eligibility and registration staffing, clinical audit and denial prevention, third-party receivables management, self-pay account resolution, and bad debt collection services.
"Our clients look to us for solutions that help them address the tremendous financial and reimbursement pressures they are experiencing as a result of competition, reform, and regulation," commented Chief Executive Officer Bob Wilhelm. "The addition of Leco’s staff, expertise, and experience strengthens Adreima’s ability to serve its clients, particularly within denials, managed care, and coding."
Founded by Mike Leco in 1982, Leco has been a recognized industry leader for over three decades, helping hospitals and health systems improve revenue efficiency through a range of services, including denial management, lost charge recovery, coding, and transfer DRG auditing. The company has a large, loyal, and growing base of clients concentrated in the Northeast U.S. but complemented by flagship relationships in the Midwest and Northwest U.S.
Mike Leco noted, "The challenges and demands faced by our clients are growing exponentially. By aligning with Adreima, I know our clients will receive the same excellent service and results we have delivered them for the past 30 years. Additionally, our clients will benefit from Adreima’s in-depth knowledge and expertise across the entire revenue cycle, particularly with the front-end and back-end services Adreima offers."
Mike Leco will continue with Adreima in his current capacity, and Leco’s clients will continue to be served by the operational delivery team based in Pittsburgh.
Through its clinically-integrated suite of revenue cycle solutions and patient-focused account resolution services, Adreima helps reduce the financial barriers that can interfere with the provider-patient relationship. The company, employing teams of clinical, financial, and process experts, leads its clients through complex revenue cycle challenges to ensure they recognize the full value of services delivered to patients. Founded in 1990, the company is headquartered in suburban Chicago and has regional locations in Phoenix, Raleigh, Jacksonville, Birmingham, Ft. Lauderdale, Los Angeles, Bloomfield (New Jersey), and now Pittsburgh. Adreima is a portfolio company of Chicago-based Waud Capital Partners.
For additional information on Adreima, visit http://www.adreima.com.