XIFIN To Open East Coast Office, Expand Into Radiology Billing
The revenue cycle management firm XIFIN Inc. (San Diego, CA) is opening a new 32,500-square-foot office in Charleston, South Carolina. The new office is slated to open in early August. XIFIN plans to hire over 150 positions in South Carolina over the next two years, according to Brian Kemp, Vice President and Head of the Charleston Office. Most of the new jobs will be for billing and reimbursement specialists and customer service. Kemp says XIFIN is investing a total of $25 million, mostly related to new employee hirings, to open the Charleston office.
Meanwhile, Kemp says that routine testing levels at hospitals and independent labs are now running at 100% of prepandemic levels. The addition of Covid-19 PCR and antibody testing has pushed current overall volume levels to 125% of prepandemic levels.
Expansion Into Radiology Billing
Separately, XIFIN has acquired Computerized Management Services (CMS- Simi Valley, CA), which has 80 employees and provides practice management and billing services to hospital-based radiology groups and imaging centers. Through this deal, CMS has become a subsidiary of XIFIN. J. Daryl Favale, Chief Executive Officer at CMS, will continue to lead CMS as General manager, XIFIN Radiology Services.
XIFIN, which currently has 468 employees, was founded by its Executive Chair and CEO, Lâle White, in 1997. The private equity firm GTCR (Chicago, IL) acquired XIFIN in 2014. AvistaCapital Partners (New York City) acquired XIFIN from GTCR in February 2020.