BESLER acquires majority ownership in Panacea Healthcare Solutions Inc.
December 18, 2019 – BESLER, a market leader in revenue recovery and hospital reimbursement solutions, today announced an agreement to acquire majority ownership of Panacea Healthcare Solutions Inc. (“Panacea”), a leader in hospital and physician revenue cycle services and supporting technology.
This partnership will support Panacea’s growth and deliver a wider array of products and services to the respective organizations’ customers through a strategic operating arrangement.
Panacea will continue to operate under its current leadership reporting to the board with majority BESLER representation. Frederick Stodolak, a healthcare industry veteran with 30 years of financial and software development experience, will lead Panacea as Chief Executive Officer.
“We are excited to partner with the experienced management team at Panacea to help their organization scale through the introduction of additional expertise and technology from BESLER,” said Jonathan Besler, CEO and President of BESLER.
“Partnering with BESLER will accelerate Panacea’s innovation and bring our mid-revenue cycle coding, compliance, and revenue and data integrity services to more providers,” said Frederick Stodolak, Chief Executive Officer of Panacea.
The combined offerings of BESLER and Panacea now include revenue recovery and reimbursement solutions and software, claims auditing and compliance, chargemaster, strategic and pricing transparency software tools.
For more information about this transaction, contact Michael Passanante
BESLER combines best-in-class healthcare ﬁnance expertise with proprietary technology to help hospitals improve revenue and reimbursement integrity. Over the last thirty years, our revenue recovery and reimbursement solutions have delivered more than $2 billion of additional revenue to hundreds of hospitals across the United States.
About Panacea Healthcare Solutions Inc.
Panacea helps healthcare organizations improve their bottom lines and coding, compliance and data integrity with front-line expertise in mid-revenue-cycle management and innovative software solutions. Designed for the healthcare professionals responsible for financial performance or compliance, Panacea helps their clients proactively identify risks and opportunities and overcome today’s challenges, providing the clear answers needed to swiftly and cost-effectively achieve quality results. More information is available at panaceainc.com.