DuvaSawko Completes Strategic Merger with abeo

December 1, 2020

Transaction Creates a Leading Multi-Vertical Provider of Revenue Cycle and Practice Management Services to Emergency Medicine, Anesthesia Physician Groups

ORMOND BEACH, Fla.–(BUSINESS WIRE)–DuvaSawko, a leading provider of outsourced revenue cycle management (RCM) services to independent emergency medicine practices, today announced a transformative merger with abeo Management Corporation (“abeo”), a leader in the provision of outsourced RCM and practice management services to independent and hospital-employed anesthesia practices.

The transaction combines two RCM category leaders with a shared customer-centric culture, leveraging the combined company’s sales, service, and technology infrastructure to expand and deepen each constituent business’ capabilities and customer reach. Michael O’Boyle, abeo’s current CEO, will serve as CEO of the combined entity. Management of both DuvaSawko and abeo will be retained and will be meaningful shareholders in the combined company.

DuvaSawko is backed by Varsity Healthcare Partners (“VHP”), a leading healthcare services private equity investment firm, who contributed additional equity to complete the transaction and has committed future equity capital to fund additional diversifying and/or service and technology-accretive acquisitions.

O’Boyle, stated, “We are excited to join with the recognized leadership of DuvaSawko and their capital partners, Varsity Healthcare Partners. This strategic combination will enable both businesses to benefit from greater scale, diversification, and enhanced sales, service and managerial infrastructure. We also expect continuing growth, through renewed investment in identified organic opportunities and a well-developed acquisition strategy that will add complimentary tools and technology to our service capabilities.”

Jill Reynolds, CEO of DuvaSawko added, “We are thrilled to be joining with abeo and gaining access to its robust technology capabilities and sales platform, which will enable us to broaden and deepen DuvaSawko’s services to its customers. We look forward to collaborating with the abeo team and with Mike to efficiently integrate the two businesses and execute our acquisition and organic growth strategy, while continuing to consistently deliver the same signature quality service and outcomes our customers depend on.”

Houlihan Lokey, Inc. served as exclusive financial advisor to both DuvaSawko and VHP. Kirkland & Ellis LLP acted as legal adviser to DuvaSawko and VHP. Debt financing in support of the transaction was led by Twin Brook Capital Partners.

About DuvaSawko

Headquartered in Ormond Beach, Florida, DuvaSawko is a leading provider of revenue cycle management services for independent and hospital-employed emergency physician groups. DuvaSawko processes over four million annual emergency room visits across 120 medical facilities in 19 states leveraging its highly automated proprietary billing platform and extensive customer service infrastructure. Founded in 1998 by Dr. Charles Duva and Dr. William Sawko and supported by a workforce of approximately 360 employees, the Company’s RCM solutions optimize collections per patient visit, while reducing errors, increasing productivity, and driving efficiencies end-to-end across all billing and collections functions for emergency medicine customers. For more information, visit https://www.duvasawko.com/.

About Abeo Management Corporation, LLC

Based in Dallas, TX, abeo provides comprehensive revenue cycle services and practice management solutions for over 350 hospital-based and independent anesthesia practices. The Company marries end-to-end RCM capabilities and proprietary technology solutions with extensive practice management capabilities, so as to optimize collections/workflow, compliance and practice efficiencies for clients across 42 states nationwide. abeo’s anesthesia RCM platform and service infrastructure support client billing and collections processing associated with more than three million anesthesia cases annually, while the Company’s advisory services and technology products assist abeo’s clients with driving enterprise-wide efficiencies. For more information, visit abeo.com.

About Varsity Healthcare Partners

Varsity Healthcare Partners is a lower middle-market private equity investment firm focused on partnering with founders, entrepreneurs and management teams to build leading healthcare services companies. Varsity has been successful in developing and executing a tailored value creation plan, in partnership with the leadership of each company, that typically emphasizes an appropriate investment in infrastructure followed by an aggressive organic and acquisition growth strategy. Varsity draws upon its extensive healthcare industry experience and relationships, as well as its hands-on partnership approach to effectively drive growth and maximize value. For more information please visit: www.varsityhealthcarepartners.com.

Emergency Physicians Monthly Podcast

Weathering The ED Volume Storm with Dr. Charles “Chuck” Duva & Dr. Mark Plaster (Founder & Exec. Director of Emergency Physicians Monthly).


Check out our newest Podcast where Dr. Mark Plaster chats with Dr. Charles “Chuck” Duva, Chairman & Co-Founder of DuvaSawko about the significant changes he’s witnessed in the wake of COVID-19.  Dr. Duva gives keen insight into the changes he has experienced in his own ED group as well as some of the strategies other groups can use to help weather the storm and ultimately end up in a much better position.

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Coronavirus (COVID-19) Update from DuvaSawko

coronavirus

We are living and working in an unusual time. We have rarely, if ever, experienced pandemics such as this one that we currently face. As increasing data and recommendations are being disseminated, DuvaSawko has been taking stringent steps in the past few days in strategic planning for the well-being of our workforce and our business continuity. We have taken several approaches in terms of protection and prevention, which includes education, notification and strict social distancing requirements for our teams. At the present time we have no confirmed or presumptive cases of the illness and no-one quarantined.

Thankfully, due to our sophisticated automated processes and our remote coding workforce, the coding of charts and automated electronic claim submission continues without interruption. The team has been taking all the necessary precautions to segregate specific business functions to operate in their intended capacity from home.

We have detailed business continuity processes in place for emergencies such as this. As we progress through the effects of this pandemic, we will be implementing a staged approach to our business operations to address any additional changes that we may encounter.

Obviously, all US companies are facing the similar obstacles with the Coronavirus at this time. Although our team has the necessary processes in place, we have no control over what trading partners or payers will experience in response to our claim submissions. As a result, we do advise fiscal preparation and consideration in the event that there is a slow-down in payer processing of claims. As it relates to DuvaSawko clients, if we see that, or any significant changes to their business occurring, their Account Manager will notify them immediately. As a precautionary measure, we would advise you to proactively anticipate potential fluctuations.

As you continue to plan for these unexpected changes, our thoughts and prayers are with you and all your providers during this challenging time in healthcare.

Sincerely,

Jill Reynolds
President
298 S. Yonge Street
Ormond Beach, FL 32174
Ph: 888-311-8760 

Healthcare Revenue Cycle Management Company DuvaSawko Earns SOC 2 Certification

SOC 2

Ormond Beach, FL, February 18, 2020

DuvaSawko has recently earned a SOC 2 Certification for its emergency medicine revenue cycle management services, providing clients further transparency into operations and the assurance that their revenue cycle partners are evaluated by a trusted independent source.

DuvaSawko recently received a “clean” SOC 2 report from an Independent Service Auditor on DuvaSawko’s Description of its Healthcare Revenue Cycle Management System and on the Suitability of the Design of its Controls Relevant to the Trust Services Criteria. As a US-based outsourcing partner, DuvaSawko wanted to do more for it’s clients to ensure that a third party was vetting its internal controls of their clients’ business environments. With the SOC 2 certification, DuvaSawko and their revenue cycle management clients can now lean on the additional attestations to have even more confidence in their services.

These Service Organization Controls (SOC) are independent third-party reports that attest to the processes and procedures of partners like DuvaSawko. The SOC 2 report covers controls related to financial reporting, operational risks, a management assertion, disclosure of specific controls to achieve the criteria, and detail on the AICPA’s Trust Services Principles and Criteria.

“Emergency medicine groups choose to utilize revenue cycle management partners like DuvaSawko as these services are a core competency of ours and we can often provide the services more cost effectively and efficiently than they can internally,” says DuvaSawko Chief Information Officer Tim Branz. “However, this SOC 2 report provides our clients an additional level of transparency of the specific controls implemented to their firms. It also gives peace of mind that they have partnered with a company that has undergone the necessary third-party evaluations to ensure their controls have the utmost oversight for their financial statements and overall reputation.”

With control assurance mishaps making healthcare news regularly, the SOC 2 report is a great tool for showing commitment, trust, and value to partners. Further, more independent emergency groups will be seeking this type of level of security from partners, and DuvaSawko has shown that they are willing to go the extra mile to control environments and help clients reduce compliance costs.

About DuvaSawko
DuvaSawko offers a comprehensive suite of Revenue Cycle Management Services exclusively for Emergency Medicine physician groups. Our expertise centers around delivering exceptional service while producing up to 30% more revenue than our competitors. The People, the Process and the Technology are at the heart of the DuvaSawko Difference.

For more information visit http://www.duvasawko.com

Chistopher Morrison
386-274-7864
christopher.morrison@duvasawko.com

Emergency Medicine Billing Leader DuvaSawko Celebrates its 20 Year Anniversary

DuvaSawko Staff

Two Decades of innovation and leadership in Emergency Medicine Brings DuvaSawko to this Distinctive Milestone

Time flies when you’re having fun and taking the lead in the Emergency Medicine revenue cycle management industry. The founding partners at DuvaSawko have been cornerstones in the Emergency Medicine industry for over 2 decades, and there’s no stopping them any time soon. January 19, 2018 marks the 20 year anniversary of when Dr. Charles “Chuck” Duva and Dr. William “Bill” Sawko launched their industry powerhouse in Ormond Beach, FL. Back then, the rationale was simple, and it still remains true today: Create a company that delivers the highest level of reimbursement from Billing And Coding with a process designed exclusively for the Emergency Medicine specialty. To say the pair succeeded in spectacular fashion is an understatement!

There was a hole in the industry that the pair identified early on when they were at the helm of their own Emergency Medicine group. “We had outsourced our emergency medicine billing to 3 different companies, each one worse than the other…it got to the point where they almost put us out of business,” said Dr. Chuck Duva, co-founder and CEO of DuvaSawko in a recent interview. They put their heads together and developed the software, process and team necessary to deliver one of the most effective revenue cycle solutions designed exclusively for Emergency Departments.

Dr. Duva went on to say, “Nothing can compare to developing a process that works, and continuously improving on it…it’s the reason our clients love us!” There is something to be said for the exclusivity of only doing billing for a specific industry and the DuvaSawko brand has done that exceptionally well over the past two decades.

“The intricacies of being able to effectively bill for Emergency Medicine is not for the inexperienced or those with ‘general knowledge’ of billing and coding,” said Dr. Bill Sawko, co-founder and CIO of DuvaSawko. Dr. Sawko went on to say “There are an infinite number of ways to incorrectly bill for Emergency Medicine…we have taken our expertise in ED along with my passion for software and information technology and created a final product that is head and shoulders above the competition.”

DuvaSawko has produced a significant number of industry firsts over the past 20 years. Most recently, they have launched their DuvaSawko Revenue Calculator. The Revenue Calculator offers Emergency Medicine practices the ability to immediately identify missing revenue from their practice in three easy steps. Dr. Duva went on to say, “It’s our dedication to excellence and the commitment of our team that has made DuvaSawko an industry leader – we can’t wait to see what the next 20 years brings!”

This press release originally appeared on PR Web: http://www.prweb.com/releases/2018/01/prweb15106071.htm

Two Decades of innovation and leadership in Emergency Medicine Brings DuvaSawko to this Distinctive Milestone

Time flies when you’re having fun and taking the lead in the Emergency Medicine revenue cycle management industry. The founding partners at DuvaSawko have been cornerstones in the Emergency Medicine industry for over 2 decades, and there’s no stopping them any time soon. January 19, 2018 marks the 20 year anniversary of when Dr. Charles “Chuck” Duva and Dr. William “Bill” Sawko launched their industry powerhouse in Ormond Beach, FL. Back then, the rationale was simple, and it still remains true today: Create a company that delivers the highest level of reimbursement from Billing And Coding with a process designed exclusively for the Emergency Medicine specialty. To say the pair succeeded in spectacular fashion is an understatement!

There was a hole in the industry that the pair identified early on when they were at the helm of their own Emergency Medicine group. “We had outsourced our billing to 3 different companies, each one worse than the other…it got to the point where they almost put us out of business,” said Dr. Chuck Duva, co-founder and CEO of DuvaSawko in a recent interview. They put their heads together and developed the software, process and team necessary to deliver one of the most effective revenue cycle solutions designed exclusively for Emergency Departments.

Dr. Duva went on to say, “Nothing can compare to developing a process that works, and continuously improving on it…it’s the reason our clients love us!” There is something to be said for the exclusivity of only doing billing for a specific industry and the DuvaSawko brand has done that exceptionally well over the past two decades.

“The intricacies of being able to effectively bill for Emergency Medicine is not for the inexperienced or those with ‘general knowledge’ of billing and coding,” said Dr. Bill Sawko, co-founder and CIO of DuvaSawko. Dr. Sawko went on to say “There are an infinite number of ways to incorrectly bill for Emergency Medicine…we have taken our expertise in ED along with my passion for software and information technology and created a final product that is head and shoulders above the competition.”

DuvaSawko has produced a significant number of industry firsts over the past 20 years. Most recently, they have launched their DuvaSawko Revenue Calculator. The Revenue Calculator offers Emergency Medicine practices the ability to immediately identify missing revenue from their practice in three easy steps. Dr. Duva went on to say, “It’s our dedication to excellence and the commitment of our team that has made DuvaSawko an industry leader – we can’t wait to see what the next 20 years brings!”

This press release originally appeared on PR Web: http://www.prweb.com/releases/2018/01/prweb15106071.htm

How Medicaid has affected 25 States since the Enaction of the Affordable Care Act

medicare ACA study

A newly published study in Annals of Emergency Medicine has shown how Medicaid Expansion has affected 25 states since the enaction of the Affordable Care Act (the ACA) in 2014. While many had hoped that expanding Medicaid would alleviate some of the overuse of EDs in the states that offered the expansion, others predicted that access to insurance would increase usage of all medical care, including EDs.

Medicaid Expansion States Saw ER Visits Go Up

The study has shown that in states that expanded Medicaid coverage under the the ACA saw 2.5 emergency department visits more per 1,000 people after 2014, while the share of emergency department visits by the uninsured decreased by 5.3 percent. The share of visits covered by private insurance remained constant for expansion states and increased by several percentage points for non-expansion states.

Today, we sat down with our CEO, Dr. Charles Duva, who addressed these payer mix changes. “These changes in coverage have generally had positive effects on physicians and hospitals. In states that expanded Medicaid, physicians have experienced shifts in payer mix from uninsured to Medicaid, leading to reductions in physician uncompensated care and improved financial positions therefore increasing receipts per patient.” Dr. Duva adds that “the changes for the most part have been financially rewarding but at this time, with the new administration and a Republican Congress, there is much left up in the air as to continuing the same level of federal Medicaid financing. The financing burden may be shifted at the state level on a state-by-state case. Our opinion is that this will lead to reduced reimbursement and/or fewer people insured with Medicaid, essentially affecting the payer mix more towards self-pay.”

“the changes, for the most part, have been financially rewarding”

The team here at DuvaSawko is dedicated to effectively managing these types of changes in payer mix. Contact us today to discuss how these changes could potentially affect your practice, and to get more perspective on ways we can help your group increase your revenue by up to 30%.

Click here to read more on this study or click here to view the study in its entirety.

DuvaSawko Executives Climb Mt. Kilimanjaro to Support Cancer Research

Our founder, Dr. Sawko, VP and CIO of DuvaSawko, along with DuvaSawko’s Director of Information Technology Tim Branz, and 10 other members of Dr. Sawko’s extended family are taking part in a trek to Africa starting today to climb Mount Kilimanjaro. The climb is to bring awareness to those suffering from cancer and raise money for MeStrong. Please visit the link below to PRWeb to read about the climb, track the group, and see photos as they post them. You can also find a link to make a donation if you’d like to help the cause!

http://www.prweb.com/releases/2017/06/prweb14416260.htm

DuvaSawko Recruiting Event – May 24, 2017

We are growing, and looking for others who are ready to grow along with us!

On Wednesday, May 24th from 2pm – 6pm, we will be hosting a RECRUITMENT EVENT at 1530 Cornerstone Blvd, Daytona Beach, at the corner of Williamson and LPGA Blvd (near the Tanger Outlet Mall). We are looking for Medical Billers, Billing Supervisors, Insurance Recovery, Claims Research, and Account Managers! If you have a medical background, customer service experience, or supervisory experience, please come see us! Dress for success and bring your resume and/or our application found on our website at https://www.duvasawko.com/dscareers/.

 

2016 ACEP Scientific Assembly

revenue cycle management

We are very excited to be exhibiting at this year’s ACEP Scientific Assembly at Mandalay Bay in Las Vegas from Oct 16 – Oct 18!

sa2016This year will be unprecedented in that we will be providing FREE Financial Practice Assessments. These are by appointment so that we can create a customized assessment just for your practice. To schedule your Assessment, please click below. Our CFO will take your payer mix and show you just how much more you could be collecting!

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