Healthcare Receivables Group
Hospitals and Health CareKnoxville, United States501-1000 Employees
Healthcare Receivables Group (HRG) merged with Wakefield & Associates December 30, 2022.
Strategic Acquisitions Healthcare Receivables Group has recently expanded its market presence through acquisitions of Collect Rx and Choice Recovery, enhancing its capabilities in out-of-network billing and complex claims management. This indicates a focus on broadening service offerings and increasing revenue cycle management efficiencies, presenting opportunities to offer complementary solutions such as advanced revenue cycle technologies or specialized collections services.
Leadership Expansion The company has made recent high-profile hires for executive roles including Chief Information Officer, Chief Revenue Officer, and Vice President of Complex Claims, signaling a strategic emphasis on digital transformation, revenue growth, and complex claims handling. Business solutions related to healthcare IT systems, analytics, or claims automation are likely to resonate with their current priorities.
Digital Infrastructure Utilizing a tech stack that includes Microsoft Excel, CrowdStrike, and modern web tools alongside an emphasis on information security reflects a commitment to leveraging technology for operational excellence. Opportunities exist to introduce advanced cybersecurity solutions, revenue cycle software, or data analytics platforms to further optimize their processes.
Growth Opportunities With revenue ranging from 1M to 10M and a focus on healthcare revenue cycle solutions, Healthcare Receivables Group is positioned as a mid-sized player aiming for scale and efficiency. These characteristics open potential sales avenues for scalable enterprise solutions, process automation, or new infrastructure that can support growth and larger client acquisition.
Market Positioning Operating within a highly competitive landscape alongside industry giants like Optum, Conifer, and Change Healthcare, HRG’s recent acquisitions and leadership focus suggest a drive to differentiate through customized workflows and specialized claims solutions. This presents opportunities to engage with innovative revenue cycle tools, patient engagement platforms, or workflow optimization services tailored to healthcare providers seeking competitive advantages.
Healthcare Receivables Group uses 8 technology products and services including Quantrax, Microsoft Excel, CrowdStrike, and more. Explore Healthcare Receivables Group's tech stack below.
| Healthcare Receivables Group Email Formats | Percentage |
| FLast@hcrcvgrp.com | 87% |
| Last@hcrcvgrp.com | 9% |
| First.Last@hcrcvgrp.com | 4% |
| First.Last@wakeassoc.com | 95% |
| FirstL@wakeassoc.com | 2% |
| FLast@wakeassoc.com | 2% |
| FL@wakeassoc.com | 1% |
Hospitals and Health CareKnoxville, United States501-1000 Employees
Healthcare Receivables Group (HRG) merged with Wakefield & Associates December 30, 2022.
Healthcare Receivables Group's revenue is estimated to be in the range of $1M$10M
Healthcare Receivables Group's revenue is estimated to be in the range of $1M$10M