MDaudit Finalizes Acquisition of Streamline Well being

MDaudit, an award-winning cloud-based steady danger monitoring platform for RCM that permits the nation’s premier healthcare organizations to reduce billing dangers and maximize revenues, has finalized its acquisition of Streamline Well being Options, Inc., a number one supplier of options that allow healthcare suppliers to enhance monetary efficiency. The addition of Streamline’s pre-bill integrity options to its sturdy billing compliance and income integrity platform positions MDaudit to bridge essential RCM gaps, thereby mitigating billing compliance dangers and strengthening and streamlining the income cycle.

First introduced in Could, the acquisition brings collectively two healthcare RCM powerhouses supporting healthcare organizations with a mixed internet affected person income of greater than $300 billion. The businesses’ shared perception in centering buyer satisfaction whereas leveraging the most recent applied sciences converges into a robust platform able to assembly head-on the income cycle realities confronting organizations in in the present day’s complicated healthcare surroundings.

“Navigating the unrelenting monetary and operational pressures of the present income cycle panorama requires a strategic strategy to income cycle administration, one by which real-time knowledge, AI, analytics, and automation present an uninterrupted view throughout the income cycle continuum,” says Ritesh Ramesh, CEO of MDaudit. “This acquisition permits us to offer healthcare organizations with the data- and AI-driven options they should implement an efficient, resilient, and adaptive RCM technique.”

The award-winning MDaudit platform streamlines healthcare income integrity utilizing augmented intelligence. It quickly analyzes billions of rows of information, screens coding, billing, and fee processes, and makes use of AI-powered instruments to democratize insights and automate workflows. Benchmarking helps determine cost seize and denial points, whereas retrospective audits drive employees schooling to stop errors.

Streamline Well being’s RCM options empower healthcare suppliers to handle and optimize their income streams extra effectively. Its suite of complete options focuses on pre-bill cost and coding integrity, guaranteeing that each one expenses and coding are correct earlier than billing and fee. By stopping misplaced income and minimizing denials, Streamline Well being permits suppliers to safe the reimbursement they deserve.

Cain Brothers, a division of KeyBanc Capital Markets, acted as unique monetary advisor to Streamline, which is now a non-public firm and wholly owned subsidiary of MDaudit. Troutman Pepper Locke LLP served as Streamline Well being’s authorized counsel. Goodwin Proctor, LLP served as authorized counsel to MDaudit.