Accuro Healthcare Solutions Inc. Acquires CDM Services Group, Inc

Accuro Healthcare Solutions Inc. today announced the acquisition of CDM Services Group Inc. (CDMSG) and its hands-on chargemaster consulting and maintenance services to more than 70 hospitals.

The acquisition of CDMSG from M. Leco & Associates, a Pittsburgh-based national provider of revenue recovery services for the healthcare industry, expands Accuro’s chargemaster management solutions and consulting offerings to hospitals and other healthcare providers nationwide. Terms were not disclosed. It is Accuro’s third acquisition within the last year.

CDMSG uses proprietary software and a staff of experienced professionals to offer chargemaster maintenance, audit and consulting services. The assets and expertise of CDMSG will be combined with Accuro’s existing suite of chargemaster and coding application solutions. Accuro offers a comprehensive set of Web-based coding tools to help hospitals and physicians strengthen the bottom line and shorten the revenue cycle by facilitating accurate pricing and coding practices.

“The strategic acquisition of the highly regarded CDMSG consulting team expands the array of leading chargemaster and coding consulting services we offer today to help healthcare providers optimize their revenue on a timely basis,” said John Carlyle, Accuro CEO. “The CDMSG consultants add breadth to our existing service options while the acquisition further strengthens our ability to help providers address significant industry issues, such as transparent pricing, by maintaining an accurate CDM. Kerry Martin, who currently operates Accuro’s coding and compliance services, will also assume responsibility for CDMSG.”

M. Leco & Associates will continue to focus on the company’s core audit and recovery services, CEO Mike Leco said.

“We specialize in recovering lost revenue and in improving accounts receivable cash flow for our clients,” Leco said. “Our audit and recovery services are central to our mission of helping hospitals gain fiscal fitness by improving their bottom-line revenues. The acquisition of our consulting services by Accuro positions us to keep a sharp focus on these critical services.”