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Atlanta, GA |
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In May 2007, MedAssets also acquired Texas-based XactiMed, Inc. which offers extensive claims management solutions. The addition of MD-X and XactiMed solutions to the MedAssets Net Revenue Systems’ portfolio will offer an expanded suite of technologies and services to improve the integrity of hospital revenue cycle processes so that hospitals are paid fairly for services provided, and in a timely manner. |
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MedAssets’ push into revenue cycle management is to further deliver on its mission to improve healthcare providers’ margin and cash flow by solving significant problems in revenue cycle and operating costs management – all through one business partner providing integrated customized program with guaranteed financial improvement. MedAssets current revenue cycle offerings include chargemaster management, charge capture auditing, defensible pricing, as well as supply item file and chargemaster linkage. The addition of these services will enhance the overall mission of MedAssets to improve cash flow and margins for healthcare providers. |
MD-X, based in Mahwah, New Jersey, offers web-based tools for:
Accounts Receivable & Denials Management Workflow Technology,
Cash and 835 Allowance Posting, Mapping and Reconciliation,
Concurrent Review and Case Management,
Coding Clarification and Optimization,
Risk Management Tracking and Reporting,
Infectious Disease Tracking and Reporting,
Quality and Core Measures Tracking and Reporting,
Patient Access process improvement, and
Dynamic Business Intelligence Reports across all MD-X applications.
MD-X was advised by the investment banking firm of VRH Partners. Terms and conditions of the MD-X agreement are not being disclosed.
About MedAssets
MedAssets partners with healthcare providers to improve operating margins and cash flow while supporting quality of care goals. MedAssets implements integrated solutions to address the greatest opportunities for financial and process improvement and drives performance in revenue cycle, supply chain and clinical service line management. MedAssets is a business partner to more than 2,400 hospitals and 30,000 non-acute care healthcare providers. For more information, visit www.medassets.com.
About MD-X Solutions
MD-X Solutions is a national leader in the development and deployment of advanced revenue cycle solutions and services for hospitals MD-X's solutions include Revenue Cycle Re-engineering Services, “Silent PPO” Discount Recovery, Comprehensive Denial Management Solutions, Compliant HIM Documentation and Coding Services, Outsourced Accounts Receivable Services, and Workflow Management / Business Intelligence Systems that allow hospitals to maximize reimbursement and achieve industry best practice. For more information, visit www.md-x.com.
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