Brecksville, Ohio ( September 21, 2015) – MedData, a leading national provider of “patient-focused” revenue cycle management and patient financial lifecycle services, today announced the acquisition of Alegis Revenue Group, a leading national provider of comprehensive eligibility screening and enrollment solutions.
Founded in 2008 by healthcare executives, Alegis specializes in revenue recovery on accounts that require heightened expertise, labor, and capital including third party eligibility, third party liability, and account resolution and appeals. Alegis manages more than $3 billion in charges for more than 240 hospitals nationwide and is focused on helping clients navigate the complex, and constantly evolving, federal and state regulatory environments in order to maximize revenue. Their patient advocacy approach to eligibility and enrollment reduces revenue cycle time from referral to remittance – improving patient satisfaction and boosting the bottom line for their clients.
“This acquisition adds to our operational scalability and strengthens MedData’s leadership position in the healthcare industry,” said Ann Barnes, president of MedData. “Leveraging Alegis’ expertise in third party recoveries further emphasizes our commitment to delivering industry-leading and patient-focused revenue cycle management solutions to our growing network of more than 1,000 hospital sites nationwide.”
“We’re extremely excited about what this means for our business,” said Scott Willey, chief executive officer of Alegis. “MedData is committed to helping Alegis expand our presence and ensures our clients are well positioned to succeed in a rapidly changing healthcare environment.”
Alegis will continue to operate out of its Texas locations in The Woodlands, Amarillo, and Dallas.
MedData is one of the nation’s leading providers of a range of patient-focused medical revenue cycle management services including billing, coding, collections, and patient satisfaction. For more than 30 years, the Company has been providing innovative billing solutions to the medical community and serving millions of patients across numerous medical specialties. MedData currently serves more than 3,000 physicians at 700 facilities across 43 states from its headquarters in Brecksville, OH, as well as from offices in Grand Rapids, MI, Roseville, CA, Bellevue, WA, and Peoria, IL.
To learn more about MedData’s patient-focused medical revenue cycle management solutions, please visit the MedData website.
Alegis combines industry and legal expertise, process flexibility and cutting-edge technology to achieve superior results for hospitals and large healthcare providers on their third party recovery accounts. Alegis currently serves more than 240 hospitals nationwide from its headquarters in The Woodlands, TX. To learn more, please visit the Alegis website.