Warren-based AdvantEdge Healthcare Solutions, a provider of health care financial management solutions, announced Wednesday it has acquired Professional Management Inc., a Baltimore-based medical billing company.
The acquisition will further AdvantEdge’s client base in the Mid-Atlantic region.
“As health care becomes a more challenging environment for specialty physicians with compliance regulations, performance-based reimbursement models and increasing market competition, they are looking for companies that can provide a full range of revenue cycle management and analytical solutions for their practices,” said David Langsam, CEO and president of AdvantEdge.
“PMI’s footprint and long-standing reputation as an exceptional billing service for hospital-based specialties makes this combination a great fit for AdvantEdge as we continue to execute our growth plan, and for PMI and its clients as the health care eco-system becomes even more complex, sophisticated and technology dependent.”
Financial terms were not disclosed.
“AdvantEdge and PMI share a deep commitment to Client FirstSM service and collecting the most reimbursement that our clients are legally and ethically entitled too,” said Dave Nicholson, former president of Professional Management Inc. and now executive vice president with AdvantEdge.
“The strategic decision to align our company with AdvantEdge was about expanding our resources to enhance that commitment to excellence. With AdvantEdge’s expertise across all aspects of revenue cycle management, interfacing with EMRs, clinical information platforms, and their web-based business analytics reporting tools, AdvantEdge Analytics, we’ll be able to strengthen and expand our combined range of services, resources, and expertise.”