SimiTree has strengthened its position in the US behavioral health support market by acquiring two new companies.
On January 12, 2023, Bill Simione, CEO and Managing Principal of SimiTree, announced the acquisition of behavioral health data analytics and consulting firm Afia and Florida-based credentialing service provider GreenpointMed. This move enhances the full range of support services offered by SimiTree and its behavioral health flagship, Infinity Behavioral Health Services.
Afia employs data-driven decision-making to address business challenges by streamlining EHR implementations, optimizing revenue cycles, promoting clinical best practices, and developing IT infrastructures to advance behavioral businesses. SimiTree's leading data analytics capabilities are enhanced by this acquisition, allowing clients to benefit from tech-enabled optimization of financial, clinical, and operational functions and gain greater insight from actionable data.
Acquiring GreenpointMed has allowed SimiTree to expand billing and debt recovery capabilities and offer time-saving credentialing services with insurance panels to behavioral health providers. GreenpointMed has substantial credentialing experience in every state, with all insurers, including Medicare and Medicaid.
"This move delivers the scalability SimiTree needs to address the behavioral health industry's growing need for our services as we head into 2023," said Bill Simone. He further added, "We remain committed to providing a robust array of services to assist behavioral health providers in developing a stronger revenue cycle with improved cash flow, higher collection rates, and best-in-class processes."
(Source – PR Newswire)
About SimiTree
Formed by the merger of Simione Healthcare Consultants with BlackTree Healthcare Consulting in 2021, SimiTree provides clinical, financial, operational consulting and outsourced services such as review choice demonstration (RCD), OASIS, billing, coding, and quality assessment and performance improvement (QAPI). Headquartered in King of Prussia (Pennsylvania), the company aligns its teams, services, and approach with clients' challenges to help them improve operational performance, fulfill clinical and financial potential, and improve the organization's overall health.