Q2 2024 Payor Services Update
Q2 2024 Payor Services Update
Transactions in payor services kept pace with the previous quarter as two add-ons were completed and a new platform formed. Council Capital’s acquisition of Allegiant should open up the possibility for additional add-on transaction volume. Two of the three acquired companies, Allegiant and SkyView, operate primarily within case management which Provident has noted as one of the primary targets for consolidation given the ability to quickly scale inorganically. Of the two strategic deals, both were driven by the opportunity to experience instant growth. SkyView provided VONA an opportunity to introduce a new service line while Claims Eval bolstered Ethos’ network of 5,700+ IME physicians.
Provident anticipates most deals will be strategic in nature as interest rates remain elevated and platforms look to become “one-stop-shops” for payor cost containment solutions.
To print and download the full Payor Services Update report, please click below…
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