Install an independent Board of Directors which bring decades of healthcare experience to the company from their time running large healthcare companies.Purchase Phoenix Financial Services, one of the leading collections agencies in the healthcare collections market.Make strategic investments in people, data analytics capability & product innovation.With their support, the company has gone on to: The business was further strengthened in 2019 when the company was acquired by Cerberus, a premium Private Equity company, who has deep domain experience in this market segment. It has one of the strongest, if not the strongest, balance sheets in the healthcare debt sector which means that it is always able to support its clients by buying or leasing, and then collecting on, their outstanding patient payment responsibility invoices. With a core belief of practicing a patient-first mindset, and with its unparalleled compliance program, Pendrick has, since it was founded in 2010, built a robust operating system and platform which is fundamental to the company's success. health systems, hospitals, physician practices, specialty providers) to support and enable their customers (patients) to pay their healthcare bills, thereby keeping down the cost of healthcare for everyone. For more than a decade, the company has worked with Top Tier healthcare providers (e.g. The company provides a critical service in the late stage revenue cycle for the US based healthcare provider segment. Pendrick is a leading buyer and servicer of healthcare debt in the US market.
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