WellSky, an Overland Park, KS-based health and community care technology company, acquired Corridor, an end-to-end tech-enabled services platform focused on addressing the post-acute care industry’s toughest challenges, from HealthEdge Investment Partners.
The amount of the deal was not disclosed.
With the acquisition, WellSky will expand its medical coding and revenue cycle management (RCM) offerings to help care providers increase efficiency and improve performance across clinical, financial, operational, and compliance areas.
Led by Des Varady, CEO, Corridor is a provider of technology-enabled outsourced coding, revenue cycle and education solutions to the post-acute healthcare industry. Leveraging broad post-acute expertise, it delivers documentation quality improvement and reimbursement success to clients ranging from large health systems and national chains to smaller, independently operated agencies. Corridor has a proven track record as a tech-enabled services partner to post-acute providers, serving more than 2,600 client sites and supporting more than 52,000 clinicians.
Led by CEO Bill Miller, WellSky is a healthcare technology company providing software, analytics, and services for stakeholders across the health and community care continuum. In today’s value-based care environment, it helps providers, payers, health systems, and community organizations scale processes, improve collaboration for growth, harness data analytics, and achieve better outcomes by further connecting clinical and social care.
WellSky serves more than 20,000 client sites — including the largest hospital systems, blood banks, cell therapy labs, home health and hospice franchises, post-acute providers, government agencies, and human services organizations. With the addition of Corridor, WellSky expands its comprehensive services — including medical coding, clinical documentation review, billing, and collections services.
FinSMEs
13/10/2023