Latest news with #RCM
Cambrian News
22-05-2025
- Entertainment
- Cambrian News
Dolgellau Music Club to host Amiri Harewood in recital
He has worked with renowned musicians including Inon Barnatan, Vanessa Latarche and Trio Shaham-Erez-Wallfisch. He was selected as one of the first Tabor Piano Ambassadors for the prestigious Leeds International Piano Competition, representing the RCM.
Mint
21-05-2025
- Business
- Mint
Blackstone leads the race to acquire AGS in a $1.3 bn deal
Global private equity firm Blackstone has outbid two others in its bid to acquire medical revenue cycle management (RCM) firm AGS Health, two people with knowledge of the deal said. The acquisition is likely to value the company at $1.2-1.3 billion, the people said on the condition of anonymity. The other two bidders were Vitruvian Partners and a consortium of TPG and General Atlantic. 'Blackstone hiked its bid on Monday and emerged as the highest bidder," one of the two people cited above said. Also read: Another Indian fintech unicorn taps bankers for a $400-million IPO EQT, formerly Barings Private Equity Asia, acquired AGS Health in 2019 for $320 million. AGS offers services including medical billing, claim submission, denial management and medical coding. It works with healthcare providers and insurance companies to expand profitability, scalability and compliance. The company has offices in Chennai, Manila and Washington. AGS Health had mandated JP Morgan and BofA to scout for buyers, the second person cited above said. On 13 March, Mint had reported about the progress of the sale plan. Spokespersons for Blackstone, JP Morgan, Bank of America, General Atlantic and TPG declined to comment. A query emailed to EQT remained unanswered. Also read: Warburg Pincus looks to clock out of SBI General Insurance with a $350 mn cheque As large buyout funds back high-growth dollar-generating assets, RCM companies have seen a lot of traction. In the last 12-18 months, companies such as GeBBS Healthcare, Access Healthcare and Omega Health have found new owners. According to the website of AGS Health, its 13,000 employees serve more than 150 customers spanning a variety of care settings and specialities, including nearly 50% of the 20 most prominent US hospitals and 40% of the 10 largest health systems in the US. Also read: Mint Exclusive: Worldline looks to sell India business The company, that earns more than ₹500 crore in earnings before interest, tax, depreciation, and amortization or Ebitda, is likely to be valued at 18 times given that it commands around $1-1.2 billion in valuations.
Time Out
17-05-2025
- Entertainment
- Time Out
Kurt Cobain's $6 million guitar is going on display in London for the first time
A piece of bona fide rock history is coming to London next month. Kurt Cobain's acoustic guitar – which is the most expensive guitar ever sold and was apparently the last guitar he ever played – is going on display in the capital. The guitar will be part of an exhibition titled 'Kurt Cobain Unplugged' at the museum of the Royal College of Music (RCM – which was recently crowned the world's best place to study music), and it'll feature alongside Cobain's mothy old cardigan, which he wore for his legendary MTV Unplugged performance. The exhibition will mark a few 'firsts'. It'll be the first time the guitar has gone on display in Europe, and it'll be the first time that it's gone on show alongside Cobain's battered olive-green mohair cardigan. Curated by American rock journalist Alan di Perna and the RCM's Gabriele Rossi Rognoni, the exhibition will also feature Nirvana memorabilia, including gig posters and collectible vinyl. Kurt Cobain's acoustic guitar is a Martin D-18E which he modified to be played left-handed. According to Courtney Love, it was the last guitar Kurt Cobain ever played. After being passed down to Kurt's daughter Frances Bean Cobain then given to her ex-husband in a divorce settlement, in 2020 it went up for auction and was bought by Australian businessman Peter Freedman for a whopping $6 million (£4.54 million). Freedman has loaned it to the RCM for this exhibition, which will open on June 3. Tickets are on sale now for £5, and you can buy them here.
Miami Herald
15-05-2025
- Business
- Miami Herald
AGS Health Expands into Mexico with Guadalajara Location Offering Clinical Administrative Services
WASHINGTON, DC / ACCESS Newswire / May 15, 2025 / AGS Health, a leading provider of tech-enabled revenue cycle management (RCM) solutions and a strategic growth partner to healthcare providers across the U.S., announced today its expansion into Mexico with the opening of an office in Guadalajara. Taking advantage of the region's growing technology presence and a skilled medical, legal, and engineering workforce, AGS Health will hire more than 150 team members to provide Clinical Administrative Services from the new location. "U.S. hospitals and health systems are bowing under the weight of a chronic clinician shortage and rising burnout rates, both of which are shouldered at the expense of patient care. By expanding operations into Mexico, AGS Health can provide our customers with the opportunity to augment their internal teams with qualified physicians under a high-quality near-shore service model," says AGS Health CEO Patrice Wolfe. Among the Clinical Administrative Services that will be provided by the Mexico location's bilingual team-a significant benefit for all AGS Health customers but especially those serving large Latino populations-are clinical denials and appeals, clinical prior authorizations, utilization management, and physician advisory services. The office, located in Zapopan within the greater Guadalajara metropolitan area, also supports key operational functions such as customer service, finance, and back-office support. Additionally, it will provide clinical documentation improvement services when needed. The 7,500-square-foot office features upgraded workspaces and meeting areas designed for team collaboration and client engagement. Its proximity to public transportation and major city routes also means security, maintenance, and infrastructure teams can respond rapidly and provide enhanced follow-up on security-related matters. "This expansion contributes to job creation and professional development opportunities in the Guadalajara region and demonstrates ongoing confidence in Guadalajara as a hub for high-quality business services and talent," says Cheryl Cruver, Chief Revenue Officer, AGS Health. "It also serves as a platform for training, collaboration, and long-term career growth while reinforcing Guadalajara's position as a premier nearshore destination for operational and customer support." About AGS Health AGS Health is more than a revenue cycle management company-we're a strategic partner for growth. Our distinctive methodology blends award-winning services with intelligent automation and high-touch customer support to deliver peak end-to-end revenue cycle performance and an empowering patient financial experience. We employ a team of 15,000 highly trained and college-educated RCM experts who directly support more than 150 customers spanning a variety of care settings and specialties, including nearly 50% of the 20 most prominent U.S. hospitals and 40% of the nation's 10 largest health systems. Our thoughtfully crafted RCM solutions deliver measurable revenue growth and retention, enabling customers to achieve the revenue to realize their vision. Media Contact: Liz GoarNPC Creative Servicesliz@ SOURCE: AGS Health
Yahoo
15-05-2025
- Business
- Yahoo
‘Things are going to get worse': Over 3.8 million California families don't earn enough to cover basic needs
California may be one of the richest states in the country, but it's a difficult place to afford for many average families. Studies say the gap between high and low incomes is wider in California than in most other states. New research drives that point home even more. Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how I'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 5 of the easiest ways you can catch up (and fast) Nervous about the stock market in 2025? Find out how you can access this $1B private real estate fund (with as little as $10) Nonprofit United Ways of California recently released a report which says that a staggering 35% of California working households don't earn enough money to meet their basic needs. This means more than 3.8 million families in California are struggling financially. And if lawmakers don't intervene, the state could soon have a poverty crisis on its hands. There are different measures the government can use to define poverty, but it's important to recognize that the amount of money needed to survive can vary greatly depending on location. In its report, United Ways of California has created what it calls the Real Cost Measure (RCM) to show what the true cost of living in the state looks like using county and neighborhood data. By this measure, the group found that 35% of California working households can't meet their basic needs. That's roughly three times the proportion considered to be living in poverty when using the federal standard. And because so many families in California are stretched so thin, the group thinks lawmakers need to intervene. "If families get hit with anything — a car repair, a medical emergency, a rent increase — it can tip them into homelessness," said Elise Buik, CEO of United Way of Greater Los Angeles, to KABC It's also worth noting that the report is based on cost data from 2023. This means that it may not fully reflect the impact of rising costs since then. "Things are going to get worse for working families," said Pete Manzo, CEO of United Ways of California, told KABC. "Sources of public assistance are shrinking." The report makes it clear that securing employment is not the problem, since about 97% of the households said to be struggling have at least one working adult. The issue, it says, is that jobs don't provide fair and livable wages. The rising cost of living in California has outpaced income and income support. RentCafe reports that the cost of living in California is 50% higher than the national average. But wages don't reflect this. The average weekly earnings of all private employees in the U.S. was $1234.80 in March, according to the U.S. Bureau of Labor Statistics. The same figure for California was only slightly higher at $1,375.25 the same month. Simply put, having a job in California is not enough to guarantee a decent standard of living. U.S. News & World Report recently ranked California as the worst of the 50 states in the context of cost of living and affordability. The Public Policy Institute of California says that seven in 10 workers in the state have full-time jobs. But the median full-time worker in California only earns about $29 an hour, or $60,000 a year. Read more: You're probably already overpaying for this 1 'must-have' expense — and thanks to Trump's tariffs, your monthly bill could soar even higher. Here's how 2 minutes can protect your wallet right now An estimated 35% of workers have low-wage jobs that pay less than $19 per hour, which is consistent with the United Ways finding that 35% of California households don't earn enough to cover their basic expenses. Compounding the problem is the high cost of raising children. Households with children are much more likely to be struggling, per the report. An estimated 54% of households with children under six years old earn below the Real Cost Measure. The same holds true for 81% of single mothers with children under age six. In 2023, California ranked fourth in a study of the most expensive states for infant daycare. It also came in as the third most expensive state to hire a nanny with the weekly cost at $849. Subsidizing these costs or offering cost-effective alternatives could be instrumental to helping more families boost their earning power, progress in their careers and hang onto more of their paychecks. All told, it's clear that lawmakers need to take action to avoid having a growing number of Californians fall into poverty. And United Ways has some suggestions. Some solutions they propose include mandating higher wages, implementing guaranteed or universal basic income programs, and providing workers with government-sponsored retirement and health benefits. Subsidizing childcare costs could also be instrumental in helping California families make ends meet. Similarly, offering new tax credits, or expanding existing ones, for residents with young children who aren't yet school-aged could help the situation. The group would also like to see lawmakers expand access to health care, as well as expand access to free or low-cost higher education. This could be instrumental in helping lower-income workers boost their wages. On workers' end, California employees can try their best to improve their financial situations by seeking out jobs with benefits and focusing on employers that offer career advancement. But that's often easier said than done, especially for families who have the constraint of young children to work around. Of course, pursuing a degree is another step lower earners can take to boost their income. However, many can't afford the cost of higher education or even additional training. For those with children, juggling work and a degree simultaneously can be downright impossible. So all told, lawmakers need to dig deeper into the struggles of lower-income families – and step in with viable solutions. Want an extra $1,300,000 when you retire? Dave Ramsey says this 7-step plan 'works every single time' to kill debt, get rich in America — and that 'anyone' can do it Rich, young Americans are ditching the stormy stock market — here are the alternative assets they're banking on instead Robert Kiyosaki warns of a 'Greater Depression' coming to the US — with millions of Americans going poor. But he says these 2 'easy-money' assets will bring in 'great wealth'. How to get in now Here are 5 'must have' items that Americans (almost) always overpay for — and very quickly regret. How many are hurting you? This article provides information only and should not be construed as advice. It is provided without warranty of any kind.
