ModuleMD, a leading healthcare technology and services company, announced that it has acquired Diversified Health Care Management, Inc. (“Diversified”) and MedEase Practice Management software (DBA Professional Management Services, Inc. or “MedEase”), two pioneers in the Revenue Cycle Management (“RCM”) industry with over 75 years of combined experience. With the addition of Diversified and MedEase, ModuleMD expands its commitment and investment in healthcare claims management.
Diversified and MedEase have a proven track record with their leading Practice Management platform and full RCM services. The combination of Diversified and MedEase with ModuleMD will enable clients to automate several Payer and Provider functions, increase efficiencies, and improve financial performance. It will further establish ModuleMD as a top technology partner for ambulatory care practices, medical billing companies and enterprises.
“The Healthcare claims management industry is evolving rapidly, with changes in reimbursement and care delivery models, including virtual care and value-based care. At ModuleMD, we are integrating technological capabilities from Robotic Process Automation (RPA), Analytics, and AI across the entire claims value chain,” said ModuleMD CEO, Abhinay Rao Penugonda. “Healthcare IT, including Electronic Health Records and Practice Management software have been through the cycle of being presented as unbundled solutions to a single bundled product. Now, with new technologies, once again, we are seeing this phase of unbundled point-focused solutions that deliver efficiency and transparency to meet the needs of Payers and Providers. Clients are at different stages of technological adoption, but the common thread is that there is significant room for automation and intelligence in Practice Management software. We are excited about the synergies that will arise from combining our talents and resources with Diversified and MedEase.”
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Along with a substantial client-base in the northwestern United States region, Diversified and MedEase bring an exceptional team of professionals with a wealth of experience and fresh perspectives to ModuleMD. As part of the acquisition, Diversified and MedEase’s key executives and all staff members will join the ModuleMD team, ensuring a seamless transition and continued excellence in service delivery.
The acquisition is expected to yield numerous benefits for clients, including expanded service offerings and enhanced technological capabilities, all under the umbrella of a single system of record. Clients of ModuleMD, Diversified Health Care, and MedEase will now have access to a broader suite of solutions that address their specific RCM challenges.
SOURCE: PRNewswire