Founded in 1983, American HomePatient is one of the top five largest diversified home healthcare providers in the United States, with more than 220 locations and supplying home medical products and services.
American HomePatient, which is ACHC-accredited, is staffed by healthcare professionals and clinicians who provide a range of services and products to patients in areas including sleep apnea, respiratory care, and nebuliser treatment.
Rather than calling to confirm benefits, American HomePatient employees log into the application, and check Medicare and other insurance coverage, process and archive forms and begin the billing process.
By going to the business process management application, American HomePatient has reduced the amount of paper generated by 50 percent and has reduced back-office staffing by 25 percent.
The acquisition of American HomePatient will further our strategic growth as we strive to set the standard of excellence for respiratory care delivered in the home, said Kristen Hoefer in a press release.
This decision follows many months of strategic research, with the support of Highland Capital Management and our advisor Jefferies LLC, and careful consideration to determine the best opportunity for our company, said Mark Lamp, American HomePatient president and chief executive officer.
In the previous financial year, American HomePatient
generated revenue of around EUR 260 million (USD 280 million).