BUSINESS NEWS

SIS Acquires Surgical Notes

NOVEMBER 20, 2024

Surgical Information Systems (SIS), a producer of business and clinical surgical software for ASCs, announced the acquisition of Surgical Notes, an ASC-focused revenue cycle management (RCM), transcription and coding services provider, according to a release.

This strategic acquisition aligns with SIS’ mission to help ASCs Operate Smart with software and services to support their clinical, operational and financial success, according to the release. By expanding its current capabilities with additional billing expertise, SIS strengthens its position to address the increasing demand for advanced RCM services in the ASC market. Many ASCs turn to outsourced RCM due to staffing challenges and the growing complexities of billing. SIS’ focus on technology-enabled RCM solutions, combined with Surgical Notes’ specialized billing, coding and transcription expertise, will enable SIS to provide an expanded range of cost-effective, innovative solutions tailored for surgery centers.

SIS continues to see increasing demand for revenue cycle and related services, resulting in five-year average annual growth of almost 20 percent in its current RCM business, according to the release. “Acquiring Surgical Notes enables us to further enhance our offerings and serve a broader customer base," said Tom Stampiglia, chief executive officer (CEO) of SIS, in the release. "Combining SIS’ existing product and services expertise with Surgical Notes’ RCM and transcription services will help us meet the increasing need for cost-effective solutions that accelerate revenue cycles, increasing collections and improving financial performance.”

In addition to billing, coding and transcription services, Surgical Notes also provides a chart automation and document management solution, ScanChart ASC, further diversifying SIS’ portfolio, according to the release.

“Joining forces with SIS, an industry software leader, is a win for ASCs, our customers and our employees,” said Randy Bishop, Surgical Notes CEO, in the release. "SIS is able to provide a comprehensive solution, offering facilities the choice to leverage technology for in-house staff or to outsource their RCM needs entirely.”

The Surgical Notes billing platform is integrated with all leading ASC practice management systems, positioning SIS to expand its service offerings to all ASCs and deliver innovative revenue cycle solutions based on data analytics, business intelligence and advanced automation.

“We are excited to work with the talented Surgical Notes team and their prestigious base of customers, which in combination enables us to serve over 2,700 ASCs and hospitals,” noted Stampiglia in the release.