SPRING, Texas--(BUSINESS WIRE)--Elevate Patient Financial Solutions (“ElevatePFS” or the “Company”), a leading provider of technology-enabled specialty RCM solutions, is pleased to announce the acquisition of NYX Health Eligibility Services (“NYX”), a provider of RCM solutions focused on front-end complex claims including eligibility verification and enrollment services. This acquisition strengthens ElevatePFS’ current eligibility and enrollment capabilities and reinforces the Company’s commitment to delivering comprehensive revenue cycle solutions for its customers.
“The addition of NYX will be a valuable extension of ElevatePFS’ best-in-class front-end complex claims offerings. Their commitment to advocacy for patients and clients mirrors our mission to ensure every client, patient, and team member has an elevated experience,” said ElevatePFS CEO Michael Shea.
“We are excited to be part of the ElevatePFS family. Their technology and experience on a national basis will enhance the services we provide to our current clients,” said Jeff Woody, NYX CEO. “The extensive RCM capabilities that ElevatePFS has developed will be immensely helpful as we look for ways to help our clients who face challenging obstacles,” added Dan Hosey, NYX Chief Business Development Officer.
ElevatePFS is backed by private equity firms Frazier Healthcare Partners and The Edgewater Funds.
To learn more or contact a representative, visit www.elevatepfs.com.
About Elevate Patient Financial Solutions
ElevatePFS is a leading provider of technology-enabled specialty revenue cycle management solutions for hospitals, health systems, and healthcare providers nationwide. ElevatePFS’ market leading proprietary technology platform offers a unified suite of RCM solutions designed to engage patients, empower physicians and hospitals, and improve financial outcomes throughout the entire healthcare continuum. ElevatePFS’ suite of solutions includes Medicaid eligibility and enrollment services, accounts receivable services, complex claims recovery services, and patient responsibility services. ElevatePFS is headquartered in Spring, TX.
About NYX Health Eligibility Services
NYX Eligibility Services provides RCM solutions focused on Medicaid eligibility verification and enrollment on behalf of hospitals and health systems. NYX Health Eligibility Services was founded in 2023 and is based in Alpharetta, GA.
About Frazier Healthcare Partners
Founded in 1991, Frazier Healthcare Partners is a private equity firm focused exclusively on the healthcare industry. Since its inception, Frazier has raised over $8 billion of capital for private funds and co-investment opportunities and has invested in more than 200 companies over 33 years. Frazier has a philosophy of partnering with strong management teams while leveraging its internal operating resources and network to build exceptional companies. Frazier is headquartered in Seattle, WA, and invests broadly across the U.S., Canada, and Europe. For more information about Frazier, visit www.frazierhealthcare.com/home.
About The Edgewater Funds
The Edgewater Funds is a Chicago-based private equity firm with over $4.0 billion of capital commitments raised since 2001. Edgewater provides capital and experience to outstanding growth companies, with a focus on funding high quality middle market companies where it can add substantial value through its capital, experience and broad network. Edgewater’s Partners have been successful CEOs and business leaders themselves. Edgewater’s team includes an Executive Advisory Board made up of nationally prominent business and financial leaders. Edgewater is able to structure both growth equity (minority) and buyout investments to accommodate the needs of each investment situation. For more information about Edgewater, visit www.edgewaterfunds.com.
