AdvantEdge Healthcare Solutions Acquires COMPUDATA

▤ Summary

Warren, NJ, April 07, 2012 --( COMPUDATA processes thousands of claims each year, representing millions of dollars in physician receivables.The company, primarily focused on specialty and primary care physician practices, provides clients a complete range of medical billing services including coding, data entry, paper and electronic claims submission, accounts receivable management and follow-up, payment posting, and electronic Medicare and Medicaid payment capture.COMPUDATA also assists clients with bank deposits, fee schedule and insurance contract tracking, accounting, bookkeeping, payroll, and reporting.Our growth is indicative of the increasing demand for effective technologies and services that help practices manage their financial performance and allow physicians to focus on patient care.” “As billing costs continue to climb and reimbursements decline, outsourcing billing operations can have a dramatic cost and resulting cash flow savings to one’s practice,” says Ken Lewis, President and CEO of COMPUDATA, Inc. “Ongoing changes to medical regulations have put pressure on small- to mid-size medical billing companies, which are faced with costly technology upgrades to meet new standards.The company, primarily focused on specialty and primary care physician practices, provides clients a complete range of medical billing services including coding, data entry, paper and electronic claims submission, accounts receivable management and follow-up, payment posting, and electronic Medicare and Medicaid payment capture.

▦ Linked Companies

Advantedge Healthcare Solutions

$10M to $25M