The History of MedData’s Role in Healthcare Technology
MedData was founded in 1980 as a data service bureau for medical offices and clinics. Since our inception, we quickly emerged as a leader in the medical billing services sector through industry innovation, which includes being the first company of its kind to employ coders.
During our first decade we were the pioneers in developing and launching a formal documentation feedback process to physicians, including onsite training to ensure proper review of supporting documentation when assigning services, procedures and diagnoses. These distinctions clearly set MedData apart from others.
In the 1990s, with a continued focus on client services, MedData greatly expanded our compliance and auditing resources, launched www.meddata.com, and rolled out our market-leading online physician portal to clients.
The new millennium brought about significant expansion for the MedData family.
MedData was acquired by Baird Capital in 2007, an employee-owned wealth management, capital markets, asset management and private equity firm.
MedData acquired revenue cycle management companies Peak Emergency Medical Billing and Summit Health Care Services.
MedData acquired Data Management Inc., a leading provider of physician billing services to pathologists and emergency departments, and MedDirect, a Grand Rapids, Michigan-based patient services company.
MedData acquired Cardon Outreach, one of the nation’s largest providers of integrated revenue cycle management services. Cardon Outreach was the result of the merger between Cardon Healthcare Network and Outreach Services in 2012. The company acquired Diversified Healthcare Resources in 2015.
Throughout the history of MedData, we’ve developed significant programs to serve both patients and hospitals. Today, our unified organization is stronger and better positioned to deliver complete solutions to reduce costs, recover revenue, optimize your operations, and engage the patient throughout the entire care continuum. MedData has solidified our leadership position within the industry by expanding upon and redefining the typical management processes of coding & billing, our unique patient balances solution, eligibility, third party liability, social security disability, workers’ compensation and denials management – all with a proven compliance record.
MedData currently serves well over 10,000 physicians across a growing network of 2,000+ facilities throughout the U.S., having built a national presence by becoming experts at the state level. To date, we have handled billing for 200 million patient visits.
Our corporate headquarters is located in Brecksville, OH, with 29 regional offices across the United States.