Elevate Patient Financial Solutions (“ElevatePFS” or the “Company”), a leading provider of technology-enabled specialty RCM solutions, is pleased to announce the acquisition of Professional Medical Services, a provider of RCM solutions focused on low-balance accounts receivable resolution. The acquisition will expand ElevatePFS’ suite of RCM solutions and reinforces the Company’s commitment to addressing the most complex aspects of the revenue cycle for its customers. Professional Medical Services brings industry leading expertise and technology to address low-balance accounts, which will broaden and strengthen ElevatePFS’s existing accounts receivable capabilities.

“Low-balance receivables represent a major pain point for hospitals and health systems, who often lack the technical capabilities and resources to resolve these accounts effectively,” said ElevatePFS CEO, Mike Shea. “We see tremendous opportunity to leverage Professional Medical Services’ low-balance accounts receivable capabilities to support our existing customers and improve their cash collections.”

“We are excited to partner with ElevatePFS to expand our client base and bring incremental services to our existing clients. We look forward to leveraging the expertise and additional capabilities of a nationally scaled RCM provider like ElevatePFS”, said James Dressman, Executive Director of Sales, and Kelly Mitchek, Executive Director of Operations, from Professional Medical Services.

ElevatePFS is backed by private equity firms The Edgewater Funds and Frazier Healthcare Partners.

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 Professional Medical Services

Professional Medical Services provides technology-enabled RCM solutions for the collection of outstanding low-balance A/R on behalf of hospitals and health systems. Professional Medical Services was founded in 1991 and is based in Fort Worth, TX.