MEDNAX, a national medical group focusing on anesthesia and several physician services, has entered an agreement to acquire revenue cycle management services company MedData.
MedData offers professional and facility coding, billing and collections solutions.
"This transaction marks an important step in our strategic growth. We believe it will provide us with a very attractive platform through which to provide management services to facilities and physician groups beyond our existing footprint, a capability we anticipate to grow in demand as reimbursement structures continue to evolve," said MEDNAX CEO Roger J. Medel, MD.
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MedData offers professional and facility coding, billing and collections solutions.
"This transaction marks an important step in our strategic growth. We believe it will provide us with a very attractive platform through which to provide management services to facilities and physician groups beyond our existing footprint, a capability we anticipate to grow in demand as reimbursement structures continue to evolve," said MEDNAX CEO Roger J. Medel, MD.
More articles on coding and billing:
ICD-10 resource: CMS webcast for small practices
Bundled payments build steam, despite recent failure
USPI, Mnet Financial partner for patient payment plans