MedData, Inc., a leading national provider of “patient-focused” revenue cycle management and patient financial lifecycle services, recently 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.”
To read the full press release, click here.