ModuleMD snaps up Diversified and MedEase to become healthcare RCM powerhouse
ModuleMD, a leader in healthcare technology and services, announced a game-changing acquisition of Diversified Health Care Management, Inc. (“Diversified”) and MedEase Practice Management software (DBA Professional Management Services, Inc. or “MedEase”). These are two veteran players in the Revenue Cycle Management (RCM) industry, boasting over 75 years of combined experience. The acquisition marks a significant expansion in ModuleMD’s commitment to healthcare claims management.
Seamless Integration Elevates ModuleMD’s RCM Services
By integrating Diversified and MedEase, ModuleMD sets the stage for heightened automation in both Payer and Provider functions. This strategic move promises to elevate efficiency and financial performance for its clients. The acquisition further cements ModuleMD’s position as a top technology partner for ambulatory care practices, medical billing companies, and enterprises. ModuleMD, along with Diversified and MedEase, aims to transform healthcare claims management by leveraging technological advancements.
A Message from ModuleMD’s CEO: Towards a Tech-Driven Future
“Changes in healthcare claims management are occurring at an accelerated pace, impacted by shifts in reimbursement and care delivery models such as virtual and value-based care,” said Abhinay Rao Penugonda, CEO of ModuleMD. “At ModuleMD, we are incorporating cutting-edge technologies like Robotic Process Automation (RPA), Analytics, and AI across the RCM value chain. The goal is to bring automation and intelligence into Practice Management software. The integration with Diversified and MedEase will generate synergies that benefit our shared mission.”
A Merger of Expertise: What it Means for Clients
The merger brings together an exceptional team of professionals from both Diversified and MedEase. Key executives and staff members from both companies will join the ModuleMD team, ensuring a seamless transition and ongoing excellence in service delivery. Clients of ModuleMD, Diversified, and MedEase can expect expanded service offerings and enhanced technological capabilities—all consolidated under a unified system.
Management Voices Optimism for Future Synergies
Mike Beaty, Business Manager for Diversified and MedEase, stated, “We anticipate growing with ModuleMD and are excited for Diversified and MedEase to become fully integrated as part of the ModuleMD family.” Joeseph Beaty, President and CEO at Diversified and MedEase, added, “This partnership with ModuleMD opens up exciting opportunities for innovation and growth.”
Quality Commitment Stays Strong
During the transition period, ModuleMD assures its commitment to maintaining high service quality standards. Existing and future clients of ModuleMD, Diversified, and MedEase can continue to expect excellence in healthcare claims management and RCM solutions.
In summary, the acquisition sets the stage for ModuleMD, Diversified, and MedEase to be at the forefront of shaping the future of Revenue Cycle Management in healthcare. This strategic move is expected to drive significant innovation and elevate the industry standard.