Panacea Healthcare Solutions, a leading provider of healthcare financial and clinical software and tech-enabled services, is pleased to announce the acquisition of CBIZ KA Consulting Services, LLC (or “KA Consulting”), a provider of eligibility, clinical coding and auditing, and revenue integrity solutions to U.S.-based hospitals and healthcare systems.
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This acquisition will enhance and expand Panacea Healthcare Solutions’s ability to deliver comprehensive financial, revenue integrity, compliance, and clinical products and services to healthcare organizations nationwide.
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Founded in 2007, Panacea Healthcare Solutions provides software and services designed to grow and protect providers’ net revenue by offering a customized suite of deliverables to address their challenges with chargemaster, strategic pricing, price transparency, clinical coding auditing, and compliance. Panacea is a portfolio company of Firmament, a leading provider of structured equity and debt capital solutions to small- and medium-sized enterprises.
KA Consulting, a firm with deep financial and revenue cycle management expertise, serves hospitals and health systems nationwide. Known for its Eligibility services, Clinical Coding and Auditing services, and Revenue Integrity solutions, KA Consulting’s capabilities will advance Panacea’s position as a national leader in healthcare financial services.
As part of the acquisition, the executive leadership team from KA Consulting, known for their expertise and unwavering commitment to excellence, will be integrated into Panacea. George Kelley, Chief Operating Officer of KA Consulting, will assume the role of President of Panacea’s newly created KA Consulting division. With George’s leadership and the support of the KA Consulting team, Panacea will significantly enhance its capacity to serve the evolving needs of healthcare providers across the country.
“I’m thrilled to bring together two firms with such deep expertise and commitment to their customers. Panacea and KA have long been complementary firms serving a similar customer base. Through this combination, our clients will gain greater access to the most comprehensive suite of revenue-oriented products and services available,” said Kevin Chmura, Panacea’s Chief Executive Officer.
“This acquisition solidifies Panacea’s role as a premier provider of comprehensive financial, revenue integrity, and compliance program management. We are excited to welcome the KA Consulting team to the Panacea family and look forward to continuing to support Panacea’s mission long into the future,” said Green Campbell, Principal at Firmament.
This acquisition underscores Panacea’s commitment to providing healthcare organizations with cutting-edge tools and services to optimize financial performance and drive operational efficiencies. For more information on Panacea or KA, please visit www.panaceainc.com.
About Panacea Healthcare Solutions
Panacea Healthcare Solutions provides revenue integrity software and services to more than 600 hospitals and health systems nationwide, enabling healthcare providers to optimize and manage their pricing strategy, pricing transparency & integrity, claims & reimbursement, and compliance training.
About KA Consulting
KA Consulting provides eligibility services, clinical coding and auditing services, and revenue integrity solutions to U.S.-based hospitals and healthcare systems.
