NBAS Acquired by Exponent Health

Scott-Macon's Healthcare Group Advises National Bill Audit Services, LLC. on its sale to Exponent Health.

Scott-Macon, an investment bank specializing in mergers and acquisitions advisory services, has announced the sale of its client, National Bill Audit Services (NBAS) to Exponent Health, a healthcare technology company specializing in complex cost management challenges. NBAS is an independent full service medical bill review and audit company specializing in the commercial payor market. The transaction, led by Nate Cortright, extends the firm’s track record in the healthcare services sector.

“The Exponent Health and NBAS partnership will expand Exponent Health’s presence and knowledge in the medical bill review space.” said Nate Cortright, a managing director and head of the Healthcare Group at Scott-Macon. “Leveraging NBAS’s 20-year expertise in the field will also allow the company to develop new and innovative cost containment strategies across the board.” 

NBAS was founded as a sister company to a national PPO network and in direct response to PPO clients, and other stakeholders, whose traditional prospective and retrospective discounts did little to impact the egregious errors and overcharges they faced. For 20 years, NBAS has successfully assisted health plans, insurance companies, TPAs, MGUs and reinsurance carriers of all sizes with their respective efforts to reduce medical costs. 

For over 30 years Exponent Health, formerly HRGi, has been evolving cost management and revenue optimization across healthcare – from large, national payors and Blues plans, to PBMs and TPAs. As a technology company dedicated to healthcare cost reduction, Exponent Health’s innovative Expio™ platform powers a suite of solutions that provide decision support for complex cost management challenges – giving clients a new and better way to manage pharmacy rebates, out-of-network medical claims repricing and negotiations, and much more. All supported by best-in-class operations and the highest security and compliance standards, including HITRUST certification. 

Scott-Macon, an independent investment bank, provides advisory services on mergers and acquisitions, valuation and debt and equity financing to businesses throughout the middle market. The firm leverages the expertise of its team to help clients achieve outcomes that support their objectives and further their strategic goals. Scott-Macon is committed to providing clients with thoughtful and objective advice and building meaningful, durable relationships. Scott-Macon Securities Inc. is a registered broker-dealer and member of FINRA and SIPC. 

Scott-Macon’s Healthcare Group professionals have completed over 200 transactions across a variety of verticals, including outsourced services, insurance services, health care providers and tech-enabled services. 

For more information on Scott-Macon’s Healthcare Group and other recent transactions, visit the Healthcare Group section of the Scott-Macon website. Contact Nate Cortright at , schedule a call, or call him any time on his mobile at (203) 246-6527 to discuss how Scott-Macon can assist you in achieving your business objectives.