Los Angeles, CA – June 24, 2024 — The Wilshire Group Associates, LLC (The Wilshire Group), a leader in healthcare revenue cycle management and consulting, is pleased to announce the acquisition of Trifecta Group, Inc. (The Trifecta Group), a boutique firm known for its expertise in healthcare revenue cycle consulting. This strategic acquisition will enhance The Wilshire Group’s capabilities, extending its reach and reinforcing its commitment to providing comprehensive and client-focused revenue cycle consulting. The Trifecta Group’s experience enables The Wilshire Group to robustly support more non-Epic client sites and adds valuable hands-on review and analysis expertise for underpayment and denial remediation.
“We are pleased to announce the acquisition of Trifecta Group and we look forward to the significant value this transaction will create for our clients,” said Hank Smither, co-Founder and Managing Partner of The Wilshire Group. “The Trifecta Group strengthens our position in revenue cycle management and broadens our subject matter expertise. Their expertise and reputation for results complement our mission to deliver exceptional value to our clients. Together, we will continue to set the standard for revenue cycle management and consulting in the healthcare industry.”
The revenue cycle unifies the business, administrative and clinical functions in healthcare. When friction between these revenue cycle management functions is reduced, healthcare organizations can improve the patient experience, maximize claim reimbursement, and increase patient service revenue. The Wilshire Group brings a comprehensive approach across the revenue cycle, beginning at the front end with patient access through coding, billing, through reimbursement at the back end. From electronic health record (EHR) implementations to large-scale process improvements, The Wilshire Group has decades of healthcare, revenue cycle operations and informational technology experience to improve healthcare organizations’ revenue recognition and optimize workflows.
“Joining forces with The Wilshire Group is an exciting opportunity for our team and clients,” added Candace Caballero, CEO of The Trifecta Group. “Our combined strengths will support and benefit our clients with expanded resources and an enhanced patient experience. Our vision, mission and culture are well aligned which was very important to us and positions us all for success.” Candace will remain engaged at The Wilshire Group as a client facing executive advisor and help manage the integration of the teams.
The Trifecta Group serves payers, providers, and healthcare systems across the country. Its portfolio of services includes evaluation and assessment of people, process and/or technology performance, project management, re-organizations, and assistance with mergers, acquisitions or system implementations. The combined Wilshire Group and Trifecta Group team is committed to maintaining the highest standards of service and delivering measurable revenue cycle results for healthcare organizations.
About The Wilshire Group Associates, LLC
The Wilshire Group is a premier provider of end-to-end revenue cycle management solutions, offering comprehensive technical and consulting services to healthcare providers across the United States. With a focus on innovation, efficiency, and client satisfaction, the company helps healthcare organizations optimize their financial performance and navigate the complexities of the healthcare industry.
About The Trifecta Group, Inc.
The Trifecta Group is a specialized consulting firm dedicated to helping healthcare providers improve their revenue cycle processes and system utilization. With a reputation for excellence and a results-oriented approach, the company delivers customized solutions that drive financial success for healthcare organizations.
