CHERRY HILL, N.J.--(BUSINESS WIRE)--Prosperity Behavioral Health (“Prosperity”), a leading national provider of financial solutions for behavioral health facilities, announced today that it has acquired Elevated Billing, a Utah-based revenue-cycle management company that serves behavioral health facilities. The acquisition will create new market opportunities and expand Prosperity’s service offerings.
“From day one, we were impressed with Elevated Billing’s commitment to providing excellent services to clients. Their commitment to quality along with a talented team are why most of their clients have worked with them for an average of 10 years,” said Michelle Mullany, CEO of Prosperity Behavioral Health. “We’re excited to welcome the Elevated Billing team and combine their strengths with ours.”
“This is a very exciting time for the Elevated team. We built our foundation on trust, teamwork, and always offering a positive customer experience,” said Jessica Anderson, CEO of Elevated Billing. “We met Prosperity’s leadership and knew right away that together, we could offer clients something special. We are looking forward to the future and are grateful for Prosperity’s support.”
Prosperity Behavioral Health recently entered a new phase of growth. In 2022, NewSpring Capital invested in Prosperity to help the company expand services and achieve sustainable, long-term growth. In 2019, Prosperity acquired California-based Vertex Healthcare Services, doubling the company’s size and increasing Prosperity’s service offerings for clients.
About Prosperity Behavioral Health
Prosperity Behavioral Health is a leading provider of financial solutions for behavioral health facilities. Prosperity enables clients to do what they do best: provide excellent care for those in need of behavioral health services. Prosperity’s comprehensive suite of financial services includes revenue cycle management, financial analysis and reporting, corporate strategy, and back-office operations. Learn more at prosperitybh.com.
About Elevated Billing
Elevated Billing Solutions is an outsourced revenue cycle management solution specializing in behavioral health with ethics, performance, and technology as the pillars of Elevated Billing’s mission to relentlessly advocate for individuals in need of treatment.
