Argos Health Acquires EnableComp and Strengthens their Complex Claims Capabilities
  • Apr 11, 2022
  • Black Book Market Research

On December 20, 2021 Argos Health merged with EnableComp. Argos Health is a provider of complex claims to some of the country’s leading healthcare providers. Welsh, Carson, Anderson & Stowe ("WCAS") acquired Argos Health in early 2021.

Argos Health is located in Dallas, Texas and was founded in 2009. Argos Health maximizes claim reimbursement for hospitals, health systems and physician groups by billing & resolving complex claims. They pride themselves on managing challenging accounts to achieve maximum reimbursement for their healthcare providers. They alleviate the frustrations of challenging workers’ compensation, motor vehicle & additional complex claims accounts by managing them from start to finish, therefore providing: higher net reimbursement, improved cash flow, lower expense to collect, reduced concern about the compliance of complex claims billing practices, and providing more time to focus on core competencies.

"Argos Health is a first-of-its-kind specialty revenue cycle platform to assist providers in recovering hard-to-capture payments of all types," said Ed Sobol, General Partner at WCAS. "The combination with EnableComp significantly expands Argos' geographic presence nationally and elevates its technology capabilities. We look forward to partnering with the management team and Primus Capital to continue growing the business organically and through acquisitions, while delivering best-in-class solutions to our clients."

EnableComp is located in Franklin, Tennessee and was founded in 2000. EnableComp partners with over 800 healthcare providers to maximize their complex claims reimbursement by having the best people, processes, products and performance. Their industry leading technology and analytics identifies the right payer, at the right time, for the right amount ensuring clients collect the appropriate revenue for their complex claims.

On March 21, 2022 EnableComp + Argos Health announced that the company’s board of directors would appoint Randy Dobbs as their new Chief Executive Officer.

As reported by PRNewswire, Dobbs will lead the company's pursuit of new strategic growth opportunities to establish EnableComp + Argos Health as a first-of-its-kind specialty revenue cycle platform, including a focus on expanding the capabilities of the Company's proprietary technology Enforcer360.

Dobbs has previously held senior leader positions at various companies including the CEO roles at General Electric and Phillips, to name a few. "Randy is a world-class leader and has an established record of transforming businesses under his leadership to achieve operational excellence," said Ed Sobol, General Partner at WCAS. "His experience will be invaluable to EnableComp + Argos Health as the Company augments its technology platform, expands product offerings, and continues to enhance its ability to serve customers. Randy is uniquely positioned to accelerate growth while supporting a fantastic employee culture focused on client service.”

"I am thrilled to join EnableComp + Argos Health because the opportunity to partner with hospitals and support their financial health is an incredibly important mission," said Dobbs. "I believe we can make a real difference in the healthcare space by continuing to improve customers' ability to collect what they are owed, enabling them to reinvest in delivering high quality healthcare."

Randy Dobbs will continue in the direction of his successor Brent McCarthy, to make the two newly merged companies the market leader in complex claim solutions.