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Harris Acquires Innovative Healthcare’s Revenue Cycle Management Software Business

Source: Harris

Ottawa, ON – September 22, 2021 – Harris, a global vertical market software provider and acquirer, acquires Innovative Healthcare Systems Inc.’s (Innovative Healthcare) revenue cycle management software business.

Since 1996, Innovative Healthcare has provided high-tech revenue cycle management (RCM) solutions geared towards emergency departments. Chief Executive Officer Ron Decker states, “Innovative’s mission is to add value to our client’s practice, and continuing our journey as part of the Harris family will allow us to deliver upon that mission in new and exciting ways as RCM evolves in the value-based environment going forward.”

“Harris has a strong presence in the RCM solutions arena and is a natural home for Innovative Healthcare’s customers and its employees,” shares Jerry Canada, Harris Healthcare Group President. Innovative Healthcare is the second acquisition during 2021 to join Harris’ Ultimate Billing business unit, which helps clients to improve their billing experiences in over 20 states across the US.

Greenberg Advisors, LLC advised Innovative Healthcare on the transaction.

About Greenberg Advisors
Greenberg Advisors, LLC is an independent investment bank providing world-class M&A and strategic advisory solutions to Business Services and Technology companies in the Revenue Cycle Management (RCM), Healthcare Information Technology (HCIT), Accounts Receivable Management (ARM), and Business Process Outsourcing (BPO) sectors.

Focused on these sectors for over 25 years, the firm’s professionals offer a comprehensive, yet highly specialized perspective from which to advise clients, which has resulted in the completion of over 135 M&A, capital raising, valuation, and strategic advisory engagements. These client successes reflect Greenberg’s distinct client-first approach, deep sector expertise, objective point of view, and work ethic.

About Innovative Healthcare
Innovative Healthcare provides forward thinking organizations with fundamental contracting/credentialing processes, coding, billing, and reimbursement analysis. Additionally, Innovative Healthcare’s partners have access to patient portal and customer service capabilities, sound documentation improvement strategies, EMR/EHR and Hospital IS integration, and collection strategies with dynamic reporting capabilities. Innovative Healthcare provides these solutions in a quick response, high touch customer focused culture.

About Ultimate Billing
Harris’ Ultimate Billing business unit provides Revenue Cycle Management solutions to medical practices, labs, hospitals and surgical centers. We have over 25 years of experience providing practice advisory, consulting and medical billing experience. We offer quality service for your medical practice and medical labs for competitive fees.

About N. Harris Computer Corporation (Harris)
Harris acquires vertical market software (VMS) businesses, manages them using industry best practices, and builds them for the future. Through acquisitions, Harris has grown extensively from its roots in the utilities, local government, education, and healthcare sectors to operate over 160 businesses globally across more than twenty industries. Harris is an operating group of Constellation Software Inc. (TSX: CSU), one of North America’s most active acquirers of software businesses.