GRAND RAPIDS, Mich., Dec. 5, 2011 /PRNewswire/ — On the heels of last week’s announcement that Business Strategy, Inc. was acquired by an Atlanta-based firm, comes today’s announcement that Business Strategy’s healthcare division is now BSI Healthcare Audit Services LLC (BSI Healthcare Services). Building on decades of successful cost reduction services, BSI Healthcare Services will offer the same expertise, best in class procure-to-pay recovery audit, and consulting services exclusively to the healthcare industry. The streamlined company secures its position as top service provider to healthcare with continued commitment to serving health system customers with the most comprehensive skill set in healthcare procure-to-pay process and deep rooted relationships with the nation’s largest Group Purchasing Organizations.

The transition is expected to generate continued growth for BSI Healthcare; the healthcare service segment had been the corporation’s fastest growing division, and the nation’s top healthcare recovery service provider. “This move simply made sense,” stated Charlie Fayon, CEO BSI Healthcare Services. “The opportunity to focus efforts on the healthcare industry – internally and externally – is a win/win; both for the organization and customers.” Fayon added, “We have the benefit that our organization had been operating rather autonomously and has an organizational structure and sales force already in place – there is tremendous talent retained in this organization.”

Fayon, former CEO of Business Strategy, was named CEO of BSI Healthcare; the original shareholders also remain. The 20-year old firm will retain its healthcare employees and remain headquartered in Grand Rapids, MI, with satellite offices in Cleveland, Phoenix, and San Diego.

“This move strengthens our position by offering even greater value to our customers and partners,” said Teri Harkins, Vice President of Sales. “In addition to strategic benefits of streamlining the corporation’s focus, we can now tailor our service offerings to the healthcare industry’s needs. At a particularly challenging time for this industry, our singular focus propels us even further into a leadership role with our valued customers and partners.”

Director of Operations, Dan Hutchins, added, “We have consistently been an industry leader – founded on employee success, customer satisfaction, and best in class service offerings; we are committed to leading the industry by investing in our associates. Our focused service offerings will reduce complexity and our depth of knowledge will increase service levels — all to the benefit of our customer.”

About BSI Healthcare Services

Based in Grand Rapids, Michigan, BSI Healthcare Audit Services, LLC provides consulting and cost containment services for healthcare systems and hospitals. By reducing costs, improving controls, and recovering profits BSI Healthcare has helped over 700 healthcare organizations control financial risks for more than 20 years. More information about BSI Healthcare: www.bsihealthcare.com

SOURCE BSI Healthcare Audit Services, LLC