PrAtlas - Coker Completes Acquisition of Healthcare Cost Solutions, a Leading Expert in Technology-Enabled Compliance Services

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Healthcare Cost Solutions (HCS) Brings Proprietary
Healthcare Audit Resource Technology© (HART) to Coker

ATLANTA - PrAtlas -- Coker, a national healthcare consulting firm and portfolio company of Trinity Hunt Partners, is pleased to announce the acquisition of Healthcare Cost Solutions (HCS), a nationally recognized leader in coding audit and health information management (HIM) services with a focus on technology-enabled compliance solutions. Working with more than 100 healthcare organizations throughout the country, HCS' expert team of coding and audit professionals brings decades of deep expertise, coupled with HCS' advanced proprietary Healthcare Audit Resource Technology© (HART), to help organizations address compliance matters, reduce risk and recover lost revenue.

"Joining forces with Coker is an exciting step forward for Healthcare Cost Solutions and the clients we serve," said Bridget Gallagher, CEO of Healthcare Cost Solutions. "We've built our reputation with an experienced team of multi-skilled coders and coding compliance auditors with expertise spanning inpatient, outpatient, ambulatory and ER services. Together with Coker, we'll have greater reach and resources to help healthcare organizations reduce risk, improve accuracy and optimize revenue."

HCS's proprietary HART technology is used by their expert team to streamline data collection via a secure, cloud-based system, resulting in faster and clearer audit results, easier reporting and insights that help health systems and providers take necessary and timely action. With the HART technology foundation, the HCS team elevates the impact, efficiency and reliability of coding compliance, enabling health systems and providers to address the ever-evolving regulatory compliance demands. HCS's unique approach helps clients address complex rules and changing regulations, supporting enterprise-wide coding scalability across multi-site healthcare organizations.

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"Healthcare Cost Solutions brings a rare combination of technical depth and practical know-how when it comes to coding audits and compliance," said Josh Nazarian, CEO of Coker. "Their expert team has earned the trust of providers across the country, and we're proud to welcome them to the Coker family. This transaction is more than just a strategic fit; it's a way for Coker and Healthcare Cost Solutions to deliver even more value to the hospitals, health systems and physician groups we support every day."

This transaction marks the fourth acquisition by Coker since mid-2024, adding to the firm's expanding healthcare advisory platform capabilities.

Healthcare Cost Solutions was represented by Keystone Capital Markets, an Irvine, California based investment bank representing owners of middle market businesses. Managing Director, Allan Siposs commented, "The HCS team provides a unique set of skills and resources, which, alongside Coker's capabilities, will allow it to offer clients a more complete suite of value-added services. We were honored to have represented HCS in this transaction and found the Coker transaction team to be very knowledgeable and focused on completing the transaction in a streamlined and efficient manner."

ABOUT HEALTHCARE COST SOLUTIONS

Healthcare Cost Solutions, Inc. provides comprehensive Health Information Management consulting services to hospitals, health systems and physician groups nationwide. In operation since 1994, HCS specializes in compliance audits, backlog coding and interim management, including on-site and remote services. Headquartered in California, HCS professionals provide the service and knowledge required to stay compliant in this ever-changing regulatory environment pertaining to Health Information Management, coding and billing practices. For more information, visit https://hcsstat.com/.

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ABOUT COKER

Coker is a leading healthcare advisory firm providing performance transformation, transaction advisory and compliance consulting services to hospitals and physician enterprises nationwide. For more than 35 years, Coker has served as a trusted partner, enabling its clients to overcome challenges and deliver high-quality care. For more information, visit www.cokergroup.com.

ABOUT TRINITY HUNT PARTNERS

Trinity Hunt Partners is a growth-oriented private equity firm with over $2 billion of assets under management focused on building leading business, healthcare, and consumer services companies. Trinity Hunt's mission is to provide the talent and strategic, operational, and financial capabilities needed to build entrepreneurial services companies into market leaders. Trinity Hunt was ranked tenth amongst all firms worldwide on HEC-Dow Jones' most recent Top Small-Cap Buyout Firms List (2024), which ranks firms based on their performance for investors across funds raised over a 10-year period. For more information, visit www.trinityhunt.com.