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parallon.net

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About Parallon Business Solutions

Parallon Business Solutions is committed to transforming the business of healthcare. Parallon's shared services solutions have been proven in hospitals and non-acute care providers across the country. Through its five business units, Parallon provides revenue cycle and business process expertise, workforce management solutions, supply chain services, complete information technology services and purchasing expertise of HealthTrust Purchasing Group.

Parallon Business Solutions Headquarter Location

6640 Carothers Parkway

Franklin, Tennessee, 37067,

United States

615-807-8000

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Latest Parallon Business Solutions News

Global $21.9Bn Healthcare RCM Outsourcing Market 2019-2024: Dominated by Conifer Health Solutions, Emdeon Business Services, MedAssets, McKesson, Parallon Business Solutions, and The SSI Group - ResearchAndMarkets.com

Jun 28, 2019

According to the report, the global healthcare RCM outsourcing market reached a value of US$ 11.7 Billion in 2018. Looking forward, the market value is projected to reach a value of US$ 21.9 Billion by 2024, expanding at a CAGR of 11% during 2019-2024. Governments across various nations have been introducing stringent regulations over the past few years regarding healthcare, due to which there has been a significant rise in the operating costs of healthcare facilities and medical billing companies. This has created opportunities for outsourcing companies to assist them in revenue cycle management which acts as a major factor driving the growth of the global healthcare RCM outsourcing market. In addition to this, healthcare facilities have been facing several issues like rising financial challenges which has resulted in the need for augmented speed of billing. This, in turn, has highly contributed towards a propelling growth in the demand for RCM outsourcing agencies. Moreover, other factors which are bolstering the growth of the market include increasing industrialisation and urbanisation rates as well as a rapid rise in the prevalence of diseases across the globe. Market Summary Based on type, the market has been segmented as pre-intervention, intervention and post-intervention. The market has been further segregated on the basis of services which include back-end services, middle services and front-end services. Among these, back-end services hold the majority of the market share. On the basis of application, hospitals represent the largest segment. Region-wise, the market has been segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. Currently, North America is the leading market owing to the rising adoption of advanced technologies which include electric health record (EHR) systems and hospital information systems. The competitive landscape of the market has also been examined with some of the key players being Conifer Health Solutions, Emdeon Business Services, MedAssets, McKesson, Parallon Business Solutions and The SSI Group. Key Topics Covered

Parallon Business Solutions Acquisitions

2 Acquisitions

Parallon Business Solutions acquired 2 companies. Their latest acquisition was The Outsource Group on July 02, 2013.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

7/2/2013

Acquired

2

12/8/2012

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$99M

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10

Date

7/2/2013

12/8/2012

Investment Stage

Companies

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Valuation

Total Funding

$99M

Note

Acquired

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Sources

2

10

Parallon Business Solutions Team

3 Team Members

Parallon Business Solutions has 3 team members, including current Chief Executive Officer, John Armour.

Name

Work History

Title

Status

John Armour

Chief Executive Officer

Current

Joe Roddy

Senior Vice President

Current

Steven Huddleston

nThrive, Pamplona Capital Management, Accenture, Parallon, HCA Healthcare, and Ernst & Young

Executive Vice President, Senior Vice President

Former

Name

John Armour

Joe Roddy

Steven Huddleston

Work History

nThrive, Pamplona Capital Management, Accenture, Parallon, HCA Healthcare, and Ernst & Young

Title

Chief Executive Officer

Senior Vice President

Executive Vice President, Senior Vice President

Status

Current

Current

Former

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