February 19, 2018 5:18 PM ET

Health Care Technology

Company Overview of ZirMed, Inc.

Company Overview

ZirMed, Inc. provides cloud-based claims management solutions to healthcare providers and organizations. The company offers revenue cycle management, predictive analytics, patient access, charge integrity, claims management, analytics reimbursement management, patient responsibility, and population health management solutions. It also provides other services and support. The company serves healthcare organization, medical service, and billing service clients. ZirMed, Inc. was founded in 1999 and is headquartered in Louisville, Kentucky with locations in Chicago, Illinois; and Santa Monica, California. As of November 1, 2017, ZirMed, Inc. operates as a subsidiary of Navicure, Inc.

888 West Market Street

Suite 400

Louisville, KY 40202

United States

Founded in 1999

Phone:

502-473-7709

Fax:

502-473-8602

Key Executives for ZirMed, Inc.

Chief Executive Officer and President
Age: 56
Chief Financial Officer, General Counsel and Corporate Secretary
Vice President of Operations
Head of Product
Vice President of Cust Support & Enrollment
Compensation as of Fiscal Year 2017.

ZirMed, Inc. Key Developments

Navicure and ZirMed Enters into Partnership

Navicure and ZirMed reported that they have signed a definitive agreement to join forces to provide hospitals, health systems, and ambulatory services organizations including physician practices with a suite of analytics-driven solutions proven to help improve financial performance. According to a media release, the combined company will be ideally positioned to further accelerate innovation in the industry by leveraging cloud-based solutions to help providers across all care settings efficiently collect for the quality care and services they provide.

Zirmed, Inc. Charges Integrity Solution Identifies $7.5 Million in Recoverable Net Revenue for Novant Health

ZirMed Inc. announced that Novant Health leveraged the company's proven Charge Integrity solution to rebill $7.5 million in net revenue in just 15 months. The announcement was made from the floor of the Healthcare Financial Management Association's (HFMA) 2017 Annual National Institute (ANI) in Orlando, where ZirMed is exhibiting in booth 1119. ZirMed's Charge Integrity solution helped Novant Health uncover hidden pockets of recoverable net revenue worth $7.5 million within the first 15 months. It enabled Novant to improve Epic workflow processes, engage clinical teams and make work more satisfying for revenue integrity team members. ZirMed's Charge Integrity solution also dramatically reduced the costs associated with working on charge issues at Novant by virtually eliminating false positives and streamlining workflows.

ZirMed's Coverage Detection Solution Identifies Hidden Health Insurance Coverage to Help Providers Collect More Revenue

ZirMed Inc. announced the launch of its next generation Coverage Detection solution which includes significant enhancements that improve the overall solution and user experience, expand the healthcare provider markets it serves, and drive even more return on investment for ZirMed clients. The solution helps providers to manage the ever-increasing population of self-pay patients more effectively—often cited as the larger contributor to bad debt in healthcare. ZirMed's technology automatically discovers whether patients have health insurance coverage, even if they present as self-pay or are unable to provide insurance information due to acute events, enabling providers to submit billing to payers and get paid faster, more completely and with less effort.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
September 14, 2017
--
Merger/Acquisition
May 3, 2017
ZirMed, Inc., Value-Based Care Business
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