Collect Rx Inc

Collect Rx Inc is a provider of revenue cycle management solutions, focusing on out-of-network reimbursement recovery for healthcare organizations, ensuring financial health through optimized claims management. Founded in 2006, Collect Rx Inc operates out of Bethesda, US, specializing in revenue cycle management solutions. The company has not undergone major pivots in strategy. It was founded by Jay S.

In June 2018, New Capital Partners agreed to acquire Collect Rx Inc, completing the transaction on June 4, 2018, although financial terms were not disclosed. Collect Rx specializes in revenue cycle management (RCM) solutions, focusing on out-of-network reimbursement recovery for healthcare organizations. Its core offerings enhance financial health by streamlining claims management and minimizing errors. Operating on a success-based model, Collect Rx's revenue is directly linked to successful claim reimbursements.

The client base includes various healthcare providers across states like Tennessee, Colorado, New Jersey, Ohio, and Maryland. In partnership with Revco Solutions, LLC, Collect Rx has expanded its service offerings. Collect Rx employs a performance-driven revenue model, receiving fees only upon successful recovery of out-of-network claims. This fosters collaboration with clients to achieve optimal results.

While specific pricing plans are not disclosed, the services generally include comprehensive revenue cycle management tailored to each healthcare organization's needs, aiming to enhance financial outcomes while committing to operational excellence. As of the latest available information, Collect Rx has not publicly detailed upcoming new products or expansion plans into new markets. However, the acquisition by New Capital Partners in June 2018 may provide additional resources for growth initiatives. The focus remains on enhancing its service offerings and pursuing strategic partnerships to further its market reach.