Eariler today RevSpring announced the acquisition of BestBill, a Phoenix-based innovative billing and payment technology provider. BestBill was recognized by Inc. Magazine in 2012 as one of the fastest-growing private companies for the fifth year.
“Enhancing RevSpring’s market-leading product line with BestBill’s innovative solutions creates a powerful, comprehensive solution for our customers’ communication and payment needs. BestBill’s location also expands RevSpring’s geographic presence in the growing western region. Our combined customers will benefit from the broader product line and the national geographic footprint,” said Tim Schriner, president and chief executive officer of RevSpring.
BestBill has been widely recognized for its award-winning culture and customer service as well as its innovative billing and payment solutions such as online debt negotiation, interactive voice response, text payment service and more. These tools enable RevSpring clients to address consumer’s ever-changing needs, especially as more consumers transition to electronic communication channels and online payment platforms. Using RevSpring’s technology, clients can accommodate consumer preferences — resulting in accelerated payments and revenue.
“BestBill and RevSpring share core values, similar business philosophies, and work culture,” said Dan Haugland, BestBill founder and chief executive officer. “BestBill has brought to market exciting and innovative technology solutions that have helped companies overcome billing and payment collection hurdles. We are excited to see the marrying of our technology and ideas with RevSpring’s strategic vision and scale to produce an unbeatable solution for the account receivables management and healthcare markets.”
RevSpring was formed by the merger of DANTOM Systems, PSC Info Group and Data Image. Its core service offerings include data hygiene and analytics, secure document creation and delivery, multi-channel communications, electronic billing and archival services and online payment tools, all while ensuring compliance with regulatory guidelines.
RevSpring facilitates over one billion customer interactions annually. It serves a large and diverse customer base across the receivables management, healthcare, financial services, home services and other end-markets.