WellSky Expands Coding and Revenue Cycle Management Services with Corridor Acquisition

In an effort to enhance its offerings in the post-acute care industry, WellSky has acquired Corridor, a tech-enabled services platform. The acquisition allows WellSky to expand its medical coding and revenue cycle management (RCM) services, providing care providers with increased efficiency and improved performance across clinical, financial, operational, and compliance areas.

The healthcare industry is constantly facing complex and ever-changing regulations that complicate coding and billing processes. As a result, healthcare organizations are seeking trusted coding and RCM providers who can increase productivity and ensure accurate reimbursement. WellSky recognizes this need and aims to address it by adding Corridor's comprehensive services to its portfolio.

Corridor is a leading tech-enabled services partner to post-acute providers, serving over 2,600 client sites and supporting more than 52,000 clinicians. By joining forces with Corridor, WellSky strengthens its position in home health coding and RCM and enters the skilled nursing facility billing business. This move demonstrates WellSky's commitment to the long-term care market.

Bill Miller, CEO of WellSky, emphasizes the importance of solutions that support quality patient care and reduce administrative burdens in today's healthcare landscape. The collaboration with Corridor allows WellSky to assist more post-acute care organizations in overcoming the industry's challenges.

Des Varady, CEO of Corridor, expresses excitement about continuing Corridor's mission as part of the WellSky team. With access to WellSky's tech-enabled solutions, Corridor can better serve its client partners by focusing on improving outcomes, reducing costs, and enhancing patient and family satisfaction.

Corridor's expertise in billing, financials, workforce issues, and medical coding complements WellSky's goal of delivering innovative solutions that drive providers' success. Corridor clients will soon have the opportunity to leverage WellSky's robust analytics, care coordination, patient engagement, interoperability, and EHR solutions to enhance care quality and thrive under value-based care models.

The acquisition will not only bring Corridor's leadership team under the WellSky umbrella but will also allow them to integrate and invest in the future of tech-enabled services. This move will position WellSky as one of America's largest and most innovative healthcare technology companies, furthering the goal of intelligent, coordinated care.

Lincoln International served as the exclusive financial advisor to Corridor and HealthEdge on this transaction. The acquisition marks another strategic step for WellSky, following its recent acquisition of Experience Care, a technology company serving long-term and post-acute care providers.

To learn more about WellSky and its comprehensive healthcare technology solutions, visit their website at [wellsky.com](https://www.wellsky.com/). For information about Corridor and its technology-enabled outsourced coding, revenue cycle, and education solutions for the post-acute healthcare industry, visit [corridorgroup.com](https://corridorgroup.com/).