Expanding healthcare revenue cycle management firm moving HQ facility
Chicago – March 7, 2016 – CBRE recently brokered a 31,505-square-foot lease for HFRI LLC at 2500 Westfield Drive in Elgin, Ill.
Kyle Kamin and James Otto of CBRE represented HFRI in the transaction.
HFRI, a healthcare revenue cycle services firm that focuses on collecting insurance bills for client hospitals, will be moving its headquarters from nearby Schaumburg.
The firm’s initial move will establish 250 employees at the Elgin facility. In recent years, HFRI has experienced significant growth and shifting to a larger facility will strategically position the company for the future to better service its clients.
This move will provide HFRI with the ability to expand to over 400 revenue cycle specialists at this location.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2014 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.
About HFRI, LLC.
HFRI, LLC. , headquartered in Chicago area with operational service offices in both Schaumburg, Illinois and Arizona, has been assisting healthcare organizations improve A/R performance for almost 20 years. HFRI serves healthcare organizations, including, Academic Medical Centers, Regional Healthcare Systems and Community Hospitals throughout the entire United States. HFRI partners with clients to increase cash collections, decrease unpaid claims and reduce denied claims and uncollectible write-offs. Delivering best in class out-placement of AR, HFRI’s customized business office solutions combine revenue cycle knowledge, talent, technology and advanced workflow systems to enhance the revenues for their clients.
