The skies are clearing for Pediatrix Medical Group Inc. The Fort Lauderdale-based physician services company that used to be called Mednax recently completed the migration of its revenue cycle management operations to a hybrid system that uses both in-house staffers and consultants from Guidehouse—and looks set to cost less than forecast. Sales of most of the company’s office-based practices are on track to be completed by year’s end, leaving CEO Jim Swift and his team focused on hospital-based business and maternal fetal office practices. And third-quarter adjusted EBITDA jumped about 20 percent even though revenues only rose slightly from the prior year. Those developments, as well as stronger cash flows, have Swift ready to jump back into the M&A game.
Read the full article: Its RCM Woes Resolved, Pediatrix Executives Eye M&A Again //
Source: https://www.hcinnovationgroup.com/finance-revenue-cycle/article/55240508/its-rcm-woes-resolved-pediatrix-executives-eye-ma-again