Aviacode, a leader in professional fee coding, has acquired the assets of Florida-based Revant Solutions, a long-time provider of facility coding outsourced services. As part of the agreement, Aviacode will retain the majority of Revant's full-time facility coders, auditors, and operations managers, and obtain the company's existing clients, including one of the largest medical care organizations in the United States. As a result, Aviacode will be able to offer medical facilities—both large and small—an 'all-in-one' coding solution to help improve revenue, cash flow, and compliance.
A large number of hospitals—including 67% of small-hospital CFOs, according to Black Book Market Research—are increasing their focus on medical coding as part of their overall revenue growth strategies, with a greater look at outsourcing the complicated, overly expensive, and hard-to-staff functions.
"As the lines between hospitals and physicians continue to blur, and more look to outsource medical coding and other difficult back office functions, we felt it was critical to move more deeply into facility fee coding so we can offer our clients a full range of quality coding services," says Keith Hagen, CEO of Aviacode. "Facility coding requires a completely different skill set and perspective than pro fee coding, and while we've always had some facility coding expertise, we're thrilled to bring on dozens of specialists so medical organizations of any size can come to us rather than seeking out multiple service providers."
Aviacode Vice President of Staffing Services Kris Cottrell, who has extensive experience in operations and managing quality medical coders, will lead the operational business from Aviacode headquarters in Salt Lake City. The new full-time employees will continue to work from their home offices throughout the country.
"Revant Solution's dedication to the highest quality coding as well as exceptional customer service makes them a perfect match with our own philosophy and business model, as well as an invaluable asset as we grow into this new area of expertise," Cottrell says. "We look forward to a smooth transition for these new employees and their clients as we solidify our position as a coding company medical facilities can turn to for all of their medical coding needs."