THE WOODLANDS, Texas, Jan. 24, 2012 /PRNewswire/ -- Cardon Healthcare Network today announced that Outreach Services has agreed to a merger between the two companies. The combined company will be named Cardon Outreach, and will be headquartered in The Woodlands, TX.
The core business of both companies is providing revenue cycle management services to hospitals, for the self-pay segment of their patient populations. Cardon Outreach will serve over 500 hospitals and clinics nationwide, and handle over $10 billion in patient billings annually, making it the largest independent provider in the sector.
Mark Robinson, who will serve as Chief Executive for Cardon Outreach, said, "The business logic for this merger is simple. Cardon and Outreach have strong cultural synergy, sharing a patient-centric view and a common set of values. They have geographically diverse coverage, with few overlapping locations. Both enjoy strong relationships with their clients based on exceptional performance, innovative approaches and a willingness to go the extra mile. Cardon's industry-leading technology and broader portfolio of services will bring additional value opportunities to Outreach clients. As a combined entity, Cardon Outreach has the strength to deliver the innovative revenue cycle solutions that hospitals need, given the dual challenges of healthcare reform and the struggling economy."
"We are excited to be partnering with Cardon, a company that I have always admired," said Greg Moga, founder and President of Outreach Services. "The merger will be good news for Outreach clients, who will benefit from the broader range of services and the technology leadership that Cardon brings to the table. It will also be good news for Outreach employees, who will enjoy the increased opportunities of a larger organization."
Doug Cardon, who will serve as Chairman of the Board of Cardon Outreach, said, "I've known Greg Moga for many years, and have a lot of respect for what he has accomplished with Outreach Services. I look forward to working with him on the Board, as we write the next chapter in the Cardon Outreach story together."
About Cardon Healthcare Network, LLC
Founded in 1996, Cardon Healthcare Network, LLC partners with hospitals in recovering revenues associated with uninsured, underinsured and unfunded patients. Cardon offers a suite of services and technology solutions designed to aid healthcare facilities avoid costs, recover revenue, reduce operating and capital expenses, increase productivity, develop staff resources, and apply new strategies for revenue cycle management.
About Outreach Services
Founded in 1991, Outreach Services provides uncompensated care management services to hospitals, healthcare systems and their uninsured and underinsured patients. The services offered by Outreach Services, including Medicaid advocacy, third party liability reimbursement, SSI/SSDI advocacy, and billing, make a substantial difference in quality, productivity, cost-effectiveness, and financial return for the hospital.
|SOURCE Cardon Healthcare Network|
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