Parkview Health Completes Acquisition of Ovation Healthcare

Parkview Health, based in Fort Wayne, Ind., has completed its acquisition of Ovation Healthcare, a Brentwood, Tenn.-based shared services company that partners with more than 500 healthcare organizations across 48 states, according to a Nov. 9 news release. Parkview signed the agreement in mid-October. Ovation provides leadership advisory, spend management, revenue cycle management and technology services to organizations ranging from large health systems to critical access hospitals. The release states that billing practices, financial assistance policies and patient care delivery remain unchanged for Indiana and Ohio patients, and that the deal builds on Parkview's prior reduction of commercial reimbursement rates by more than $1.1 billion over five years.