September 9, 2009
The Outsource Group Expands Its Medicaid Eligibility Services Through Acquisition of Medstandard, Inc.
CONTACT: Michael DiMarco (314) 692-6501
ST. LOUIS, MO — The Outsource Group, the nation’s leading healthcare receivables management firm, announced today the expansion of its Medicaid eligibility and patient financial counseling services through the acquisition of Medstandard, Inc.
Medstandard is a prominent provider of patient screening and Medicaid eligibility services based in Houston, Texas. Medstandard’s on-site screening services at hospital emergency departments and their case management protocol result in exceptional revenue recovery for hospital clients.
"As the number of uninsured and underinsured patients continues to grow to an estimated 56 million by 2013, hospitals are increasingly challenged to find ways to generate revenue to cover services provided. By combining Medstandard's skills and services with our own, we can play a vital role for hospitals," says Michael A. DiMarco, The Outsource Group CEO.
The Outsource Group has experienced staggering growth in the past five years through the acquisition of best-in-class companies and through strong organic growth. Nationally headquartered in St. Louis, Missouri, The Outsource Group has offices and operations centers from coast to coast, providing clients with the resources of a large company plus the individualized services and flexibility of a smaller firm.
"A key differentiator for us is that when we acquire a company, the owners of that company join The Outsource Group’s leadership team as shareholders and operators, bringing expertise and years of experience to the company and clients alike," says DiMarco.
Medstandard's founders, Howard Zorn and Donny Zamora, along with several other co-owners, will remain actively involved with The Outsource Group, providing ongoing support and leadership for the Medicaid eligibility service line.
"This is a great opportunity for us, but also for our clients," says Zorn, "because we can now provide a broader range of revenue cycle management services to our current client base through the various Centers of Excellence of The Outsource Group."
"Our employees will benefit as well," adds Zamora, "because The Outsource Group has operations centers in Alabama, California, Louisiana, Massachusetts, Missouri, New York, North Carolina and Texas, giving them vast career opportunities — not only geographically, but also within different aspects of the industry."
The Outsource Group continues to seek strategically aligned, best-in-class companies to further expand its services and local presence in markets across the country. Fueling this expansion, The Outsource Group recently completed a round of bank financing, while continuing a strong relationship with its capital partner, ClearLight Partners, LLC, a Newport, California-based private equity firm with $600 million under management.
Providing advisory and professional services for the Medstandard deal were Marion Financial, a leading M&A firm serving the financial services industry, for merger and acquisition advice and representation; Armstrong Teasdale for legal counsel; A. J. Gallagher for benefits; and BKD for accounting.
"This acquisition in a difficult economic environment was made possible through the assistance of our professional advisors and financial partners," says DiMarco. "We are excited to move forward with an expanded Medicaid eligibility service offering, especially at a time when hospitals need it most."
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The Outsource Group is an accounts receivable management company headquartered in St. Louis, Missouri. The company specializes in hospital business office outsourcing, insurance resolution, third-party liability, early out/self pay, bad debt collections, Medicaid eligibility and physician billing and collections for healthcare providers across the country, including hospitals, private physician practices, hospital-based physician practices and dental practices. With 30 years’ experience in the healthcare industry, The Outsource Group works with blue-chip clients, providing state-of-the-art operations centers utilizing the latest technology and analytic processes to ensure the highest rate of account resolution for its clients. The Outsource Group provides cost-effective, value-added revenue-cycle solutions from a single source.
July 15, 2009The Outsource Group Names Cheri Kane as Division President, Insurance and Business Office Outsourcing
CONTACT: Michael DiMarco (314) 692-6501
ST. LOUIS, MO — The Outsource Group, a leading revenue cycle management firm, today announced that Cheri Kane has joined the company as Division President, leading the company’s insurance and business office outsourcing service lines.
Kane will share overall operations responsibilities with Tim Whalen, who will move from his position as The Outsource Group’s Chief Operations Officer to Division President for the self-pay side of the business.
This change is consistent with the company’s overall strategy to expand organizational expertise and provide a full spectrum of revenue cycle management services.
Kane joins The Outsource Group from Summit Seacoast Healthcare Group, LLC, where she was a partner and project lead for national hospital clients, performing revenue cycle improvement to increase hospital cash flow.
"Cheri is an outstanding addition to our staff,” says Michael DiMarco, The Outsource Group CEO. “Her 25+ years of leadership experience in for-profit and nonprofit organizations focusing on all aspects of revenue cycle management will complement our strong leadership and technology teams.”
Kane, who will be based in St. Louis, has held a variety of senior-level roles in healthcare management. She has deep insurance experience, having served at UnitedHealthcare in Dayton, Ohio, and Humana in Louisville, Kentucky.
“For the past 20 years, I’ve been working onsite in hospitals to improve their revenue cycle management,” says Kane. “I truly feel The Outsource Group, with its knowledgeable employees and depth in technology, really gets it right – as their growth over the years has shown. I look forward to bringing my experience to The Outsource Group’s team and improving revenue cycle management for our clients.”
Kane holds a bachelor’s degree in Management with an emphasis in Business Administration from Webster University, St. Louis, and a master’s degree in science with an emphasis in Healthcare Administration from Central Michigan University. She is also a Fellow of the Healthcare Financial Managers Association (FHFMA) and Fellow of the American College of Medical Practice Executives (FACMPE), and is a popular speaker at national conferences such as the Revenue Cycle of World Congress and Healthcare Financial Management Association (HFMA).
The addition of the Division President position is part of TOG’s overall growth strategy. In the past three years, TOG has completed seven acquisitions and experienced double-digit organic growth each year. TOG also has several other acquisitions planned for late 2009 and 2010.
“We are poised to lead the nation in healthcare revenue management services,” says DiMarco. “The addition of Cheri Kane to our staff is evidence of the commitment The Outsource Group is making to expanding our healthcare revenue cycle management expertise and increasing the technical competence of our organization.”
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The Outsource Group is a healthcare revenue cycle management company headquartered in St. Louis, Missouri. The company specializes in insurance resolution, third-party liability, early out receivables management, business office outsourcing, and bad debt collections for healthcare providers across the country, including hospitals, private physician practices, and hospital-based physician practices. With 30 years’ experience in the healthcare industry, The Outsource Group works with blue-chip clients, providing state-of-the-art call centers utilizing the latest technology and analytic processes to ensure the highest rate of account resolution for clients. The Outsource Group provides cost-effective, value-added solutions for the healthcare industry.
Sept. 10, 2008
The Outsource Group Names Tim Whalen Chief Operations Officer
CONTACT: Michael DiMarco (314) 692-6501
ST. LOUIS, MO — The Outsource Group today announced that Tim Whalen has joined the company as Chief Operations Officer. Whalen's primary focus will be on long-term tactical planning, technology assessment, analyzing work processes and utilizing analytics and metrics to improve performance. He will also help coordinate activities across multiple centers, manage capacity, and develop internal talent.
"Tim and I have worked together at two different companies, and he has been a colleague of mine for the past 15 years," says Michael DiMarco, The Outsource Group CEO. "Tim is an exceptional leader with extensive experience and expertise managing operations and technology in the accounts receivable management (ARM) industry."
Whalen has worked in a variety of senior operating roles across multiple industries, most recently as the Chief Operations Officer of H&R, a healthcare ARM firm based in Iowa. Whalen holds a bachelor's degree in Economics and an MBA in Finance from Western Michigan University and a master's degree in Management Information Systems from the University of Dallas. He has previously held senior management positions for Texas Instruments, Paging Network Inc. and Outsourcing Solutions Inc.
Whalen will be based in St. Louis and have responsibility for all operations and information technology.
The addition of the COO position is a part of TOG's overall growth strategy. In the past two years, TOG has completed eight acquisitions and experienced double digit organic growth each year for the past three years. TOG also has several other acquisitions planned for late 2008 and 2009, which require coordination and integration while introducing new services to its base clients. The COO position will be an integral part of building TOG to be the leading healthcare ARM firm in the country.
"I am confident that Tim will be a valued resource for our company, providing an enhanced level of coordination and helping our service line leaders meet the needs of our growing business," says DiMarco. "I look forward to working with Tim and the contributions he and his team will make to our company."
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The Outsource Group is an accounts receivable management company headquartered in St. Louis, Missouri. The company specializes in insurance resolution, third-party liability, early out receivables management, BPO, and bad debt collections for healthcare providers across the country, including hospitals, private physician practices, hospital-based physician practices and dental practices. With 30 years experience in the healthcare industry, The Outsource Group works with blue chip clients, providing state-of-the-art call centers utilizing the latest technology and analytic processes to ensure the highest rate of account resolution for clients. The Outsource Group provides cost effective, value-added solutions for the healthcare industry.
August 28, 2008
The Outsource Group Announces Acquisition of Healthcare Resource Associates, Inc.
CONTACT: Michael DiMarco (314) 692-6501
ST. LOUIS, MO — The Outsource Group today announced the acquisition of Healthcare Resource Associates, Inc. (HRA), a leading healthcare collection company based in Charlotte, North Carolina. HRA specializes in bad debt recovery, extended business office solutions for hospitals and physician practices, proprietary Self-Pay Accelerator™ services, and physician practice billing and collection services.
"The acquisition of HRA is part of The Outsource Group's strategic plan to grow through acquiring 'best-in-class' service providers to augment our service offerings and geographic coverage in the healthcare receivables industry," says Michael DiMarco, The Outsource Group CEO. "Specifically, HRA adds to our competency in the growing self-pay segment, as well as the physician practice market, and expands our capacity through their nearly 200-person call center in Charlotte."
"Unlike some companies who are interested primarily in acquiring clients through acquisition, we look for experienced management partners who can help us grow organically as well," says DiMarco. "In addition, this type of growth enables us to offer receivables management subspecialties as well as local access across the U.S."
The Outsource Group has experienced rapid growth, with eight acquisitions in the past four years and a growing network of offices and operations centers located in Alabama, California, Louisiana, Massachusetts, Missouri, New York, Texas, and now, North Carolina. More importantly, the owners of the acquired companies join The Outsource Group's leadership team as shareholders and operators, bringing expertise and years of experience to the company and clients alike.
"The founder of HRA, Roger Stroud, and his partners John Georgius and Todd Houser, will remain actively involved with The Outsource Group and provide ongoing support and leadership for the entire company, not just the North Carolina branch," says DiMarco.
Stroud, a CPA, formed HRA in 1991, after a successful career at Deloitte and Touche, where he specialized in revenue cycle maximization and financial management for healthcare organizations. "Merging HRA with The Outsource Group is part of our growth strategy, too, as it enables us to provide our proprietary services to more hospitals and physician practices through the efforts of their exceptional business development team," says Stroud.
The management team from HRA is actively involved in the North Carolina chapter of the Healthcare Financial Management Association, where Stroud is president-elect. "The expertise and commitment to our industry by these three men has helped propel HRA to a dominant position in the Carolinas and will now be of great benefit to The Outsource Group," adds DiMarco.
The addition of HRA comes on the heels of The Outsource Group's acquisition in January of J.J. Mac Intyre, a 50-year-old successful provider of bad debt collection services in California with more than 1,500 clients. In order to fuel their continued expansion, The Outsource Group recently completed a round of bank financing to be used for future acquisitions, while continuing a strong relationship with its capital partner, ClearLight Partners, LLC – a Newport, California-based private equity firm with $600 million under management.
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The Outsource Group is an accounts receivable management company headquartered in St. Louis, Missouri. The company specializes in insurance resolution, third-party liability, early out receivables management, BPO, and bad debt collections for healthcare providers across the country, including hospitals, private physician practices, hospital-based physician practices and dental practices. With 30 years' experience in the healthcare industry, The Outsource Group works with blue chip clients, providing state-of-the-art call centers utilizing the latest technology and analytic processes to ensure the highest rate of account resolution for clients. The Outsource Group provides cost-effective, value-added solutions for the healthcare industry.
January 31, 2008
The Outsource Group Acquires California Healthcare ARM firm
CONTACT: Michael DiMarco (314) 692-6501
ST. LOUIS, MO — The Outsource Group (TOG), a leader in healthcare receivables management, announced today that it has acquired J.J. Mac Intyre Co., Inc., a leading provider of healthcare collections and receivables management. J.J. Mac Intyre, headquartered in Corona, CA with additional offices in Tracy, CA, serves hospitals and healthcare providers throughout the western United States. The transaction will significantly deepen TOG’s geographic reach into the important California marketplace and make available to existing J.J. Mac Intyre clients TOG’s comprehensive suite of healthcare receivables management services. Terms of the transaction were not disclosed.
“J.J. Mac Intyre is a successful provider of bad debt collection services in California and has been in business for over 50 years with more than 1,500 clients. Our combination with TOG will enable us to expand the types of services we offer to our current clients, adding new service lines such as self-pay early out, insurance follow-up and Third Party Liability collections”, said Scott Hall, J.J. Mac Intyre’s CEO.
Michael DiMarco, CEO of The Outsource Group said; “This acquisition is a continuation of our expansion strategy where we merge with great companies and partner with the owners to build a larger company with a more complete service line in geographically desirable markets. It will enable TOG to have call center facilities based in California as well as provide new services to existing J.J. Mac Intyre clients. We look forward to working closely with the entire J.J. Mac Intyre team and expanding our business in the California market. ”
DiMarco indicated that TOG will continue to pursue synergistic acquisitions, as part of its plan for building the nation’s premier healthcare receivables management company.
“Our strategy is clearly working”, DiMarco said. “We finished 2007 with record revenues, achieved organic growth of 18%, and now rank among the top 3 healthcare-only collections companies in the U.S. Even more important, our clients are very pleased with our performance and are increasingly asking us to provide them with additional receivables management services.”
The Outsource Group is a privately held company, backed by ClearLight Partners, LLC, a $600 million private equity fund based in Newport Beach, California.
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About The Outsource Group The Outsource Group, headquartered in St. Louis, MO, is an accounts receivable management company that specializes in insurance resolution, early out receivables management, bad debt collections, and Third Party Liability services for healthcare providers across the United States. TOG has 30 years’ experience in the healthcare industry with blue chip clients and state-of-the-art call centers that utilize the latest technology and analytic processes to ensure the highest rate of account resolution for its clients. Its value-added services provide low-cost, highly effective solutions for the healthcare industry.
About ClearLight Partners ClearLight Partners is a private equity firm based in Newport Beach, California with $600 million under management. ClearLight makes long-term investments in successful middle-market companies with strong management teams and attractive growth prospects.
ClearLight Partners, LLC
100 Bayview Circle, Suite 5000
Newport Beach, CA 92660
Phone: 949.725.6610
www.clearlightpartners.com
Patrick J. Haiz 949.725.6612
December 4, 2007
PNIH Acquisition Expands The Outsource Group's Service Lines and Reach to the Southeast
CONTACT: Michael DiMarco (314) 692-6501
ST. LOUIS, MO — Productivity Network Innovations Healthcare (PNIH) in Houma, Louisiana, has been acquired by The Outsource Group, Michael DiMarco, CEO of The Outsource Group announced today.
The acquisition of PNIH is part of The Outsource Group’s strategic plan to grow through acquiring “best-in-class” service providers to augment their service offerings and geographic coverage in the healthcare receivables industry. Specifically, PNIH, provides insurance follow up and business office outsourcing to leading healthcare providers across the country.
“The acquisition of PNIH adds to our competency in insurance follow up; extends our service lines to the PNIH client base; and expands our overall capacity by adding the Houma call center,” says DiMarco.
The Outsource Group has experienced rapid growth, with seven acquisitions in the past three years and a growing network of offices and call centers located in New York, Massachusetts, Texas, Missouri, and now, Louisiana. More importantly, the owners of the acquired companies join The Outsource Group’s leadership team as shareholders and operators bringing expertise and years of experience to the Company and clients alike.
“The management team from PNIH brings a very specific expertise in dealing with payers,” adds DiMarco. “Tom Westerkamp, PNIH’s founder, along with the other principal’s Pete Middleton and Hardy Blick, will round out our competence in insurance follow up and will add business office outsourcing to our existing suite of services.”
The new addition of PNIH comes on the heels of The Outsource Group’s acquisition in October of Genesis Consultants of New York, another leading provider of insurance collections and Medicaid eligibility services. “Unlike some companies who are interested primarily in client access through acquisition, we look for experienced management partners who can help us grow organically as well,” says DiMarco. “In addition, this type of growth enables us to offer “best-in-class” subspecialties as well as local access across the U.S.”
In order to fuel their continued expansion, The Outsource Group maintains a strong relationship with its capital partner, ClearLight Partners, LLC, a Newport, California based private equity firm with $600 million under management. ClearLight looks for long-term relationships, investing in mid-cap companies with proven management success and growth potential.
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The Outsource Group is an accounts receivable management company headquartered in St. Louis, Missouri. The company specializes in insurance resolution, third-party liability, early out receivables management, and bad debt collections for healthcare providers across the country, including hospitals, private physician practices, hospital-based physician practices and dental practices. With 30 years experience in the healthcare industry, The Outsource Group works with blue chip clients providing state-of-the-art call centers utilizing the latest technology and analytic processes to ensure the highest rate of account resolution for its clients. The Outsource Group provides cost effective, value-added solutions for the healthcare industry.
October 8, 2007
The Outsource Group Acquires Genesis Consultants of New York
CONTACT: Michael DiMarco (314) 692-6501
ST. LOUIS, MO — The Outsource Group (TOG), a leader in healthcare receivables management, announced today that it has acquired Genesis Consultants of New York Inc., a leading provider of insurance collections and Medicaid eligibility services. Genesis Consultants of New York is headquartered in Bellmore, New York and serves hospitals throughout the New York metropolitan area. The transaction will significantly increase the size of TOG and extend the types of receivables management services that both companies provide their clients.
Genesis Consultants of New York’s founder Gary Israel said, “We have a highly sought-after specialty in healthcare receivables management, and we serve the top hospitals in the region. Our combination with TOG will enable us to expand the types of services we offer to our current clients, such as self-pay bad debt collections. It will also enable The Outsource Group to provide a deeper level of expertise in the areas of insurance follow-up and Medicaid eligibility.” Israel will remain in an executive position and will focus on client management and new business development.
Ross Kaufman, CFO, and John Christie, COO, will also continue in their current roles at Genesis. “As more and more patients are underinsured or uninsured, it is more important than ever for hospitals to have a partner who can assist them in determining patients’ eligibility for various entitlement programs. Our combined companies will offer these expert services to hospitals across the country,” said Kaufman.
“Part of Genesis’ appeal has been its focus on superior results and exceptional customer service. The expanded organization will be no exception,” said Christie. “Everything that we do, every concept we’ve created, it’s all going to be incorporated going forward. We’re all very excited about the future and what we’ll have to offer our clients in the way of new products and services”
Michael DiMarco, CEO of The Outsource Group, said “This acquisition is the most recent of six we have executed in the past three years. It will enable TOG to provide new services to our existing client base as well as offer the full suite of TOG’s accounts receivable management services into Genesis’ client base. We look forward to working closely with the entire Genesis team and expanding our business in the New York market.” DiMarco indicated that TOG will continue to pursue synergistic acquisitions as part of its strategy for building the nation’s premier healthcare receivables management company. The Outsource Group is a privately held company, backed by ClearLight Partners, LLC, a $600 million private equity fund based in Newport Beach, California.
About The Outsource Group
The Outsource Group, headquartered in St. Louis, Missouri, is an accounts receivable management company that
specializes in insurance resolution, early out receivables management, bad debt collections, and third party liability
services for healthcare providers across the United States. TOG has 30 years’ experience in the healthcare industry
with blue chip clients and state-of-the-art call centers that utilize the latest technology and analytic processes to
ensure the highest rate of account resolution for its clients. Its value-added services provide low-cost, highly
effective solutions for the healthcare industry.
About The Outsource Group
ClearLight Partners is a private equity firm based in Newport Beach, California with $600 million under management.
ClearLight makes long-term investments in successful middle-market companies with strong management teams
and attractive growth prospects.
June 12, 2007
The Outsource Group Acquires Specialized
Receivables to Expand Service Line of Both Entities
CONTACT: Michael DiMarco (314) 692-6501
ST. LOUIS, MO – The Outsource Group (TOG), a leader in healthcare receivables management, announced today that it has merged with Specialized Receivables Incorporated (SRI), a Third-Party Liability (TPL) collections agency in Wakefield, Massachusetts. The merger will significantly increase the size of TOG and extend both companies' receivables management service lines to their clients. The expanded operation will have offices in Wakefield, Massachusetts, Austin, Texas, and St. Louis, Florissant, and Columbia, Missouri.
Specialized Receivables CEO Sam Rotondi said, “We have been looking for a partner to help us expand, as we take our business model to a national level and continue to invest in technology to better serve our clients. Finding a partner like TOG that understands and complements our business was an ideal fit.” Rotondi will remain President of SRI and will focus on client management and new business development.
Lou Molettiere, SRI's COO, will also continue in his operations role. “As our name suggests, our services are very specialized, so the merger will enable TOG's clients to benefit from our 20+ years of success, processing over 1.5 million claims, representing more than one billion dollars in Motor Vehicle and Industrial Accident claim payments,” said Molettiere.
“The merger of these two companies creates a more robust foundation from which to launch even more services, facilitate organic growth, and integrate future strategic acquisitions of healthcare ARM companies,” explains Michael DiMarco, CEO of The Outsource Group. “This merger is one of five we have executed in the past three years – with other synergistic acquisitions in negotiation right now – that will enable TOG to meet the unique and specific needs of all healthcare clients in all parts of North America,” DiMarco said. “I am very excited to provide broader services to all of our clients and especially excited that we will have seasoned industry professionals like Sam and Lou as part of our senior leadership team.”
The Outsource Group continues to explore the acquisition of additional healthcare ARM providers through the resources of its capital partner, Clearlight Partners, LLC, a $600 million private equity fund based in Newport Beach, California.
October 1, 2006
The Outsource Group Names Don Rapp Senior Vice President of Sales
CONTACT: Michael DiMarco (314) 692-6501
ST. LOUIS, MO — The Outsource Group (TOG) announced today that it has appointed Don W. Rapp as Senior Vice President, Sales.
Don brings in excess of 16 years, experience providing revenue cycle solutions to the healthcare industry. In his current position, Don oversees all sales responsibilities for the company. He has held senior sales management positions with large national healthcare revenue cycle solutions providers, a major credit bureau, and a national decisioning/credit scoring company.
The Outsource Group, based in St. Louis, Missouri, is an accounts receivable management company that specializes in insurance resolution, early out receivables management, and bad debt collections for healthcare providers across the United States.
Founded in 1977, TOG has extensive experience in the healthcare industry with blue chip clients and state-of-the-art call centers that utilize the latest technology and analytic processes to ensure the highest rate of account resolution for its clients. Its value-added services provide low-cost, highly effective solutions for the healthcare industry.
May 8, 2006
The Outsource Group Acquires Quantum Credit Services of Texas
CONTACT: Michael DiMarco (314) 692-6501
ST. LOUIS, MO — The Outsource Group (TOG), a healthcare-focused accounts receivable management firm, announced today that it has acquired 100% of the capital stock of Quantum Credit Services of Texas, Inc. (QCS), Austin, Texas. The acquisition will extend the reach of TOG and add capacity for current and future growth initiatives. The expanded company will have offices in St. Louis, Florissant, and Columbia, Missouri, as well as in Austin, Texas.
QCS President Stephen Lappin says, “The Outsource Group’s leading-edge technology systems, connecting clients, collectors and patients, coupled with their exceptional customer service philosophy, makes this an exciting and exhilarating move for us. Our staff and clients are looking forward to evolving to the next level.”
“QCS and TOG have many similarities, ranging from the markets served, services offered, and philosophical approach to client management and healthcare collections,” explains Michael DiMarco, CEO of The Outsource Group. “The addition of QCS provides a beachhead in the Texas healthcare market from which we can continue to grow and serve healthcare clients,” DiMarco says. “The acquisition is another step in our growth strategy of adding clients through acquisition and our direct sales efforts. Both founder Steve Lappin, and SVP of New Business Development, Don Cockerham, will continue in management roles with The Outsource Group.”
The Outsource Group, headquartered in St. Louis, Missouri, specializes in insurance resolution, early out receivables management, and bad debt collections for healthcare providers across the United States. The company is 100% focused on the healthcare industry, with blue chip clients and state-of-the-art call centers that utilize the latest technology and analytic processes to ensure the highest rate of account resolution for its clients. Its value-added services provide low-cost, highly effective solutions for the healthcare industry. The Outsource Group is a portfolio company of ClearLight Partners, LLC, a $600-million private equity firm based in Newport Beach, California.
April 18, 2006
The Outsource Group Names Mark Rowland Chief Financial Officer
CONTACT: Michael DiMarco (314) 692-6501
ST. LOUIS, MO — The Outsource Group (TOG) announced today that it has appointed Mark Rowland as Chief Financial Officer.
“Rowland brings with him extensive experience in financial, operational, and strategic planning roles, including nine years with United Industries Corporation, a leading manufacturer and marketer of value-oriented branded products of consumer land and garden, household and pet supplies,” says Michael DiMarco, Chief Executive Officer of The Outsource Group. “Rowland’s strong financial background, coupled with his strategic focus, will be a great asset to The Outsource Group. I am pleased to welcome him to TOG.”
Prior to United, Rowland spent nine years with Watlow Electric Manufacturing Company, a privately held manufacturer of industrial heating elements, sensors and controls, in positions ranging from Corporate Accounting Manager to Controller.
Rowland is a graduate of University of St. Thomas in St. Paul, Minnesota, is a certified public accountant, and holds a certificate in production and inventory management.
The Outsource Group, based in St. Louis, Missouri, is an accounts receivable management company that specializes in insurance resolution, early out receivables management, and bad debt collections for healthcare providers across the United States.
Founded in 1977, TOG has extensive experience in the healthcare industry with blue chip clients and state-of-the-art call centers that utilize the latest technology and analytic processes to ensure the highest rate of account resolution for its clients. Its value-added services provide low-cost, highly effective solutions for the healthcare industry.
March 6, 2006
The Outsource Group Merges with MCS Receivables Management
CONTACT: Michael DiMarco (314) 692-6501
ST. LOUIS, MO — The Outsource Group (TOG) announced today that it has merged with Midwest Collection Services, Inc. (MCS), Florissant, Missouri. The merger will double the size of TOG and add capacity for current and future growth initiatives. The expanded company will have offices in St. Louis, Florissant, and Columbia, Missouri.
MCS President Michael P. Reilly says, “Our clients will benefit from expanded human and financial resources coupled with TOG’s technology enabling better performance and service for our clients and greater opportunities for our employees. What’s more, the merger expands the support levels the clients of both companies can expect in the future.” Reilly will assume the title of Executive Vice President for Business Development and Client Services.
“The merger focuses 130 employees in two call centers on the task of accelerating cash flow for healthcare providers,” explains Michael DiMarco, CEO of The Outsource Group. “Not only does this assist physician practices and hospitals in the recovery of funds due them, but enables them to provide improved healthcare services to their patients,” DiMarco says. In addition, the merger of the two companies creates a more robust foundation from which to launch new services, facilitate organic growth, and integrate future strategic acquisitions of healthcare ARM companies.
The Outsource Group, based in St. Louis, Missouri, is an accounts receivable management company that specializes in insurance resolution, early out receivables management, and bad debt collections for healthcare providers across the United States. TOG and MCS have a combined 50+ years of experience in the healthcare industry with blue chip clients and state-of-the-art call centers that utilize the latest technology and analytic processes to ensure the highest rate of account resolution for its clients. Its value-added services provide low-cost, highly effective solutions for the healthcare industry.