Miami, FL – Carisk Partners (Carisk), an MBF Healthcare Partners II LP (“MBF”) portfolio company providing specialty risk transfer and care coordination services in the workers’ compensation market, recently announced the completion of its acquisition of Advanced Claims Review Specialists (ACRS), a medical cost containment company utilizing evidence-based analysis of medical bills and records.
The acquisition enhances Carisk’s ability to manage the costs of billed charges related to the clinical management of workers’ compensation catastrophic cases.
“Rising healthcare costs driven by wage inflation, specialty drugs and investments in new technology, are forcing medical and hospital bills to record levels. The workers’ compensation industry has typically been subject to cost shifting by providers because of low reimbursement from Medicare, Medicaid, and Commercial payors. The addition of the talented team, and industry leading cost containment programs from ACRS, to the Carisk family will positively impact our clients’ efforts in this area,” said Joseph Berardo, Jr, Carisk Partners Chairman and CEO.
ACRS was formed in 2016 after seeing the growing needs in the medical cost containment industry. The ACRS mission is to provide superior services through a highly experienced, credentialed, and dedicated staff of professionals using clinical dialogue and industry leading software to build trust and maximize savings. Phil Grupp, ACRS’s Vice President adds “I am excited for the union of our companies and look forward to bringing our customers additional value through cost containment services that are greatly needed in the marketplace. The combination of our market leading programs and networks will be unmatched in the industry.”
Kevin Mahoney, Carisk’s President, and Chief Operating Officer adds, “Integrating the ACRS hospital and medical fee negotiation program with Carisk’s industry leading surgical implant management program will greatly enhance our utilization management and analytical capabilities. Our goal is to manage all areas of medical cost containment for our clients where we can improve overall savings, and we believe this is one area we can positively impact.”