HRSI

What HRSI does

HRSI (Healthcare Receivable Specialists, Inc.) is a U.S.-based healthcare receivables and eligibility management company founded in 1997 and headquartered in Philadelphia. The company provides revenue cycle management support to healthcare providers — including hospitals and physician groups — with a specialized focus on eligibility verification and healthcare receivables collection and optimization. Following its acquisition by Med-Metrix in July 2024, HRSI now operates as a wholly-owned subsidiary of Med-Metrix, a strategic operating company offering end-to-end revenue cycle management services.

As part of Med-Metrix's platform, HRSI's capabilities are integrated into a broader service stack spanning Patient Intake, Revenue Integrity, Revenue Collection, and Business Insights & Administration. The underlying technology layer includes AI machine learning and real automation (RPA), with the parent claiming automation of tens of millions of transactions and measurable yield improvements (e.g., 2–5% incremental cash collection for end-to-end RCM clients, 60–70% denial overturn rates, and 4x–10x ROI claims). Operator expertise is reinforced through Med-Metrix University, a structured 6–10 week training and certification program.

The business model is services-based (outsourced RCM and point solutions), with pricing not publicly disclosed; revenue mechanics at the HRSI level are not documented, and HRSI now derives revenue indirectly through Med-Metrix's commercial structure. The go-to-market relies on Med-Metrix's existing distribution to hundreds of U.S. healthcare systems and physician providers. Linda S. Wallace serves as President, CEO, and Founder of HRSI.

Name

HRSI

Legal name

Healthcare Receivables Specialists, Inc.

Website

https://hrsi1.net

Company type

Private

Founded year

1997

Operating status

Acquired

Headcount range

51–100 employees

Short description

HRSI (Healthcare Receivable Specialists, Inc.) is a Philadelphia-based healthcare receivables and eligibility management firm serving U.S. hospitals and physician groups. Founded in 1997 and acquired by Med-Metrix in July 2024, it now operates as a subsidiary within Med-Metrix's end-to-end revenue cycle management platform.

Ownership category

akta.pro rank

Product category

Healthcare Revenue Cycle Management

NAICS

Health and Welfare Funds (525120)

SIC

Services-Health Services (8000)

akta.pro primary industry

Patient Access, Registration & Intake (Front-End RCM) (HLACACAE)

akta.pro secondary industry

Accounts Receivable (A/R) & Collections Management (HLACACAJ)

Keywords

• Healthcare revenue cycle management
• Patient eligibility verification
• Healthcare receivables services
• Medical billing services
• Healthcare accounts receivable

Headquarters

HQ city

Philadelphia

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales

Core offering

HRSI provided healthcare receivables collection and management services, along with patient eligibility verification, to U.S. hospitals and physician groups. Following its July 2024 acquisition by Med-Metrix, HRSI's capabilities now operate within Med-Metrix's end-to-end revenue cycle management (RCM) platform, supporting Patient Intake, Revenue Integrity, Revenue Collection, and Business Insights & Administration service lines.

Product overview

HRSI (Healthcare Receivable Specialists, Inc.) was a healthcare receivables and eligibility management company that was acquired by Med-Metrix in July 2024. As part of Med-Metrix's end-to-end RCM platform, HRSI's capabilities in eligibility management and healthcare receivables are integrated into Med-Metrix's broader service offerings including Patient Intake, Revenue Integrity, Revenue Collection, and Business Insights & Administration.

Differentiator

Problem solved

Functional benefit

Products and services

• Healthcare Receivables Management Outsourced receivables collection and management for U.S. healthcare providers including hospitals and physician groups, helping recover outstanding balances and optimize cash flow.
• Patient Eligibility Verification Patient eligibility and coverage verification service that confirms insurance benefits and patient responsibility prior to care, reducing denials and supporting front-end revenue cycle workflows.
• Healthcare Billing Services Medical billing services supporting hospitals and physician groups with claim submission and revenue cycle workflows.

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Partnerships

One partnership is on record.

• Med-MetrixcoreOthers · 15 July 2024Med-Metrix acquired Healthcare Receivable Specialists, Inc. (HRSI) to enhance its revenue cycle management services. The acquisition aims to strengthen Med-Metrix's market position in the U.S. healthcare sector by augmenting the company's eligibility management capabilities.

Recent moves3 records

Expansion highlights4 records

Emerging players

• Phreesia: Patient intake, eligibility, and patient-pay platform focused on ambulatory and specialty providers; overlaps with HRSI's front-end eligibility and patient access functions from a tech-led angle.
• Cedar: Patient billing, statements, and payment-experience platform for healthcare providers; overlaps with HRSI's receivables and patient-billing-adjacent functions from a consumer-experience angle.
• Akasa: AI-native revenue cycle automation platform for hospitals and health systems, targeting eligibility, prior authorization, and A/R workflows — an emerging competitor to HRSI's services-led offering.

Broad incumbents

• R1 RCM: Large-scale RCM outsourcing and technology provider to US hospitals and health systems; competes with HRSI on receivables management and end-to-end RCM services at the enterprise end of the market.
• Waystar: Publicly traded (formerly) RCM software platform serving hospitals and health systems with patient access, claims management, and analytics; a broader incumbent whose eligibility and patient access modules overlap with HRSI's niche.
• Optum (Change Healthcare): Diversified healthcare services and technology giant whose RCM and eligibility offerings (including legacy Change Healthcare assets) compete with HRSI across both front-end and back-end RCM.

Direct peers

• Availity: Provider of payer-provider data exchange, eligibility and prior-authorization workflows, and revenue cycle solutions; competes head-on with HRSI in eligibility and patient access for US healthcare providers.
• Med-Metrix: Parent company and direct RCM services peer; offers an end-to-end revenue cycle management platform covering Patient Intake, Revenue Integrity, Revenue Collection, and Business Insights — directly overlapping with HRSI's eligibility and receivables focus.
• Experian Health: Major provider of patient access, eligibility verification, and claims management solutions to US hospitals and physician groups; directly competes with HRSI's eligibility and front-end RCM capabilities.

Others

• Navigating Cancer: While primarily a patient-engagement platform, Navigating Cancer partners with RCM providers and intersects with eligibility/benefits workflows in oncology practices — a thematic, ecosystem-level adjacency rather than direct competitor.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

• Xx.com/hrsi1com
• Facebookfacebook.com/healthcarereceivablespecialistsinc
• LinkedInlinkedin.com/company/hrsi---healthcare-receivable-specialists-inc.

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about HRSI