June 19, 2025
Professional Credit Services Acquires Elevate Medical Solutions, Expanding Capabilities in Mid-Stage Revenue Cycle Management
[Springfield, OR – June 19, 2025] – Professional Credit Service (PCS), a national leader in patient financial engagement and revenue recovery, announced today the acquisition of Elevate Medical Solutions, a rapidly growing provider of medical coding, denial and audit services. The acquisition marks a strategic expansion of PCS’s capabilities into mid-stage revenue cycle management (RCM), enhancing its service offerings and positioning the company for continued growth and innovation.
Founded in 2019 and headquartered in Madison, WI, Elevate Medical Solutions is a trusted, 100% U.S.-based company that provides a full spectrum of services, including inpatient, outpatient, and professional fee coding, denials management, auditing services, education, specialty consulting, and support for law firms involved in healthcare litigation. Elevate has partnered with a wide range of healthcare organizations across the United States, including large health systems, critical access hospitals, physician groups, and other healthcare entities. Elevate is known for delivering exceptional quality through its team of credentialed experts, prioritizing integrity, customization, and reliability in every client relationship. Acting as a true extension of each client’s team, Elevate brings localized, personalized service and a deep focus on long-term operational improvement
“This acquisition is a transformative step for Professional,” said David White, CEO of Professional Credit Service. “Elevate’s deep expertise in coding and auditing, combined with their innovative use of technology and strong client relationships, aligns perfectly with our mission to deliver comprehensive, innovative, back-office support. Together, we will offer a more robust suite of RCM services that span the entire patient financial journey.”
The acquisition will allow PCS to:
- Expand its service portfolio beyond late-stage collections into mid-stage RCM, including coding, insurance denials and auditing.
- Leverage Elevate’s AI-assisted coding tools and remote workforce to enhance operational efficiency.
- Strengthen its national footprint with Elevate’s diverse client base, including top-tier academic medical centers and multi-state health systems
Elevate’s leadership team, including Jenny Cox, President of RCM Solutions and a member of the AAPC National Advisory Board, will remain with the company post-acquisition. Her continued leadership is expected to drive integration and future growth.
“This partnership with PCS allows Elevate to scale its impact while maintaining the high standards our clients expect,” said Jenny Cox. “We’re excited to join forces with a company that shares our values and vision for supporting the future of healthcare RCM services.”
The integration will include a consolidation of brands at a future date, while maintaining continuity for clients and employees. Elevate’s employees, all based in the U.S., will continue to operate remotely, ensuring uninterrupted service delivery.
About Professional Credit Service:
Founded in 1933, Professional Credit Service has continually demonstrated its commitment to delivering unparalleled recovery and outsource solutions. With a rich history of excellence and innovation, Professional has emerged as a trusted partner to a wide array of clients, including healthcare organizations, government entities, and financial institutions. Professional Credit is majority owned by Tonka Bay Equity Partners (“Tonka Bay”), a private investment firm that invests in entrepreneur owned businesses and works closely with management on strategic growth initiatives. Tonka Bay has invested in 45 platform companies and assisted their companies to complete more than 90 add-on acquisitions.
For more information, please contact: Media Contact:
Lisa Kirk
Vice President of Sales
Professional Credit Service
lkirk@professionalcredit.com