Med-Metrix, a technology-enabled provider of end-to-end revenue cycle management (RCM) solutions, announced that it has entered into a definitive agreement to acquire CanAide, a provider of Medicaid eligibility and enrollment services and RCM automation solutions. Financial terms of the transaction were not disclosed, and the deal remains subject to customary closing conditions.
The acquisition represents Med-Metrix’s continued investment in building a fully integrated revenue cycle platform and expanding its front-end capabilities to improve patient access and early-stage financial engagement. By adding CanAide, the company expects to enhance its ability to identify coverage opportunities, including Medicaid eligibility, improve affordability pathways, and increase net revenue yield for health system clients.
CanAide specializes in helping healthcare providers and patients navigate eligibility determination, enrollment support, and financial clearance processes. Its technology-enabled services and data-driven workflows are designed to improve reimbursement outcomes while creating a more seamless patient financial experience.
CanAide’s cloud-based automation solutions also reduce administrative burdens and improve process accuracy across the revenue cycle. Med-Metrix expects the addition of these capabilities to strengthen operational and financial performance for its customers.
Backed by Harvest Partners and A&M Capital Partners, Med-Metrix combines proprietary technology with operational expertise to deliver revenue cycle management and business intelligence solutions for health systems and physician groups across the United States.
CanAide, a portfolio company of HCAP Partners, focuses on optimizing front-end revenue cycle performance through eligibility screening, enrollment, and financial approval services that help increase patient participation in assistance programs and improve access to care.
KEY QUOTES:
“We are excited to welcome CanAide to Med-Metrix as we continue to expand the reach of our end-to-end platform. This transaction strengthens our ability to connect patient engagement with financial performance and deliver even better outcomes for our clients.”
Joseph Davi, Founder And CEO, Med-Metrix
“CanAide enhances how we support clients at one of the most critical points in the revenue cycle: the front-end. With these capabilities, including their impressive automations solutions, we can better identify coverage opportunities, streamline workflows, and improve performance from the start of the patient journey.”
Rob Wright, Co-President, Med-Metrix
“We are pleased to support Med-Metrix in this strategic acquisition. CanAide will strengthen the platform by extending its reach in front-end RCM, while adding automation capabilities that enhance efficiencies across the revenue cycle. This partnership will position Med-Metrix to continue executing on its growth strategy through a combination of organic initiatives and targeted acquisitions.”
Lucas Rogers, Partner, Harvest Partners
