KING OF PRUSSIA, Pennsylvania., January 25, 2022 /PRNewswire/ — SimiTree, an established provider of solutions for compliance, growth and profitability in the post-acute industry, recently announced the strategic combination with Florida– Y CaliforniaInfinity Behavioral Health Services based on Infinity.
CEO of SimiTree mike freytag said the strategic combination and expansion into the behavioral health market strengthens SimiTree’s commitment to becoming a single financial, clinical and operational resource for post-acute care organizations.
“This strategic combination allows both SimiTree and Infinity to fully realize the synergies of working together to improve cash flow, increase collection rates and strengthen the revenue cycle for the benefit of behavioral health agencies,” said Freytag.
“SimiTree’s commitment to aligning business and care in ways that make organizations stronger, healthier and better able to focus on patient needs aligns perfectly with Infinity’s commitment to delivering solutions that enable behavioral health centers to increase profitability while expanding service for better patient health,” said SimiTree CEO William Simone.
Founder and CEO of Infinity Eloy Paez, who will assume a leadership role at SimiTree, has served as chief executive officer at Infinity Behavioral Health Services since 2013, following a merger with Treatment Concepts, a company he founded. As CEO, he has developed strategic relationships and active professional networks that helped drive internal growth and innovation.
“We are pleased to be a part of the SimiTree family,” said Paez. “This strategic combination will give Infinity access to the resources and expertise that make SimiTree an industry leader, which in turn will allow us to provide our clients with even greater opportunities for profitability without sacrificing quality of care.” Ultimately, it is the patients who stand to benefit the most, and we couldn’t be more delighted.”
“The strategic combination with Infinity is another exciting development as SimiTree continues to secure its role as an industry leader in post-acute patient services and solutions,” said Sean Dempsey, partner at Sheridan Capital Partners. Sheridan is a healthcare-focused private equity firm that supports SimiTree.
In early January, SimiTree announced the acquisition of miamibased at Imark Billing as part of its strategic expansion of revenue cycle services.
“SimiTree’s rapid expansion reflects the growing need in the post-acute industry for the mix of services we provide to better align business with care,” said Dempsey. “SimiTree continues to provide the best options to help clients meet challenges, identify acquisition opportunities and improve profitability.”
About SimiTree
SimiTree was created by the merger of Simione Healthcare Consultants and BlackTree Healthcare Consulting in May 2021 to provide a variety of solutions for home health, palliative care, applied behavior analysis, palliative care and other post-acute organizations.
In addition to outsourced services including billing, coding, OASIS, Review Choice Demonstration (RCD) and Quality Assessment and Performance Improvement (QAPI), SimiTree offers clinical, financial and operational consulting; executive placement, interim management, retention consulting and other talent solutions; support in mergers and acquisitions; compliance assessments and risk mitigation plans; sales and growth training; and robust benchmarking and data analysis.
SimiTree also prepares cost reports for Medicare-certified home health agencies and provides hospice cap reporting and hospice cap due diligence services.
For more information visit www.SimiTreeHC.com.
Media Contact: lynn estep, [email protected]
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SOURCE SimiTree
