RevSpring to Acquire Kyruus Health, Uniting Patient Engagement and Provider Search Solutions

RevSpring, a leading health tech company specializing in patient engagement and payment solutions, has announced its agreement to acquire Kyruus Health. This strategic move aims to combine RevSpring's patient communication and payment technology with Kyruus' provider data, search, and scheduling solutions. The acquisition, expected to close in the fourth quarter, promises to create a unified platform that streamlines the patient journey from initial provider search to final payment.

A Comprehensive Patient Experience

The merger of RevSpring and Kyruus Health is set to address long-standing fragmentation in healthcare technology. Scott MacKenzie, CEO of RevSpring, emphasized the significance of this integration, stating, "What excites me most about this announcement is that we're connecting the dots across parts of healthcare that have been too fragmented for too long." The combined capabilities will enable patients to find, access, and pay for care in a single, seamless experience.

RevSpring, which facilitates over 700 million digital communications and processes more than 60 million payment transactions annually, will leverage Kyruus' extensive network of over 500,000 providers across 1,400 hospitals and 550 medical groups. This integration is expected to enhance provider directory accuracy and improve conversion rates from initial search to payment.

Strategic Benefits and Operational Efficiency

The acquisition presents several strategic advantages for healthcare organizations:

1. Unified Data Management: Kyruus' data management capabilities will allow RevSpring to unify provider, plan, and patient data, enabling more personalized communications and guidance.

2. Streamlined Operations: The combined platform will reduce integration complexity across access, intake, communications, and payments, simplifying operations for healthcare providers.

3. Enhanced Patient Engagement: By offering a comprehensive solution from search to financial resolution, the platform aims to improve patient satisfaction, reduce no-shows, and facilitate easier bill payments.

Graham Gardner, M.D., founder and CEO of Kyruus Health, commented on the merger, saying, "Uniting with RevSpring enables us to enrich that mission by integrating with a financial experience that brings clarity and simplicity to the entire care journey."

Industry Implications and Financial Details

While financial terms of the deal were not disclosed, the acquisition signifies a notable consolidation in the health tech sector. RevSpring, owned by private equity firm Frazier Healthcare Partners, processes over $14 billion in patient payments annually. This merger follows RevSpring's acquisition by Frazier Healthcare Partners in March 2024 and Kyruus' previous acquisitions of Epion Health in 2022 and HealthSparq in 2020.

The combined entity is poised to offer a comprehensive solution that addresses the evolving needs of both patients and healthcare providers in an increasingly digital healthcare landscape. As health systems face pressure to optimize operations, this integrated platform aims to strengthen patient relationships while improving operational efficiency.