Cognizant announced it has agreed to acquire Bolder Healthcare Solutions, a privately-held provider of revenue cycle management (RCM) solutions to hospitals, physician practices and other specialist healthcare organizations in the United States. The transaction is expected to close in the second quarter of 2018, subject to satisfaction of the closing conditions, including regulatory reviews. Financial details were not disclosed.
RCM software and processes integrate and automate healthcare administrative and medical data to ensure benefit eligibility and accurate billing and collections, greatly reducing the time between delivery of service to payment received.
Louisville, Kentucky-based Bolder Healthcare Solutions is one of the fastest growing RCM companies, serving many of the largest U.S. health systems. Their RCM offerings will further expand Cognizant’s leading healthcare consulting, IT and business process services into more hospitals, hospital outpatient departments, physician practices, and other specialty care providers.
Cognizant has continuously enhanced its expertise and capabilities to help healthcare providers and payers digitally innovate and transform for the future, including making acquisitions related to business process services and software systems. Bolder Healthcare Solutions will enable Cognizant to expand its range of digital solutions across the healthcare value chain and address the large provider segment of the U.S. healthcare market.