Parkview Health aims to improve affordability with Ovation Healthcare acquisition

FORT WAYNE, Ind. (WPTA) - Parkview Health announced Monday that it has completed its acquisition of Ovation Healthcare.

Tennessee-based shared services provider Ovation Healthcare works with over 500 healthcare organizations across 48 states, helping strengthen their financial performance through revenue cycle management that lowers hospitals’ costs.

Parkview Health says the acquisition aims to reduce administrative expenses, improve affordability, and help community hospitals remain financially viable.

According to Parkview Health, Ovation Healthcare will continue to operate as a separate organization with its own governing board. The healthcare system’s patient care, billing, and financial assistance policies will also remain unchanged.

Parkview Health operates 16 hospitals, along with a network of primary care and specialty care physicians.

The healthcare system is also currently building a new $200 million hospital in West Lafayette, and recently finalized a partnership with Goshen Health.

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