Troy, New York, April 30, 2014 (GLOBE NEWSWIRE) -- Etransmedia Technology, Inc recently announced the acquisition of Pittsburgh-based company, Medical Billing Solutions (MBSS). MBSS provides a range of revenue cycle management and accounts receivable management services to the healthcare industry. This acquisition links Etransmedia's reach west to Medigistics, a recently acquired Columbus location. As one of the largest providers of healthcare IT and revenue cycle management solutions, Etransmedia delivers a comprehensive package of solutions that automate processes to maximize cash.
"MBSS is Etransmedia's second acquisition this year," said Vikram Agrawal, CEO of Etransmedia. "Not only does this expand our geographic presence, it positions us as a top 10, large scale RCM services business. We are dedicated to efficiently managing the payment pressures and changes related to the adoption of ICD 10 to ensure our clients can benefit from the cash flow generated by our faster turnaround times with a higher rate of return."
MBSS' expert team and its office location in Pittsburgh, Pennsylvania will continue to service the esteemed customer base, as well as the growing Etransmedia client base in the surrounding states. MBSS adds a solid base of clients and further growth to Etransmedia's strategic RCM services business. Etransmedia is a larger-scale RCM services business (in the top 10 nationally) and has positioned its RCM services for accelerated growth as the physician market embraces more outsourcing to efficiently manage payment pressures and changes related to the adoption of ICD 10.
Etransmedia's additional products and services include connectivity and the Connect2Care software platform, which includes an integrated EHR/PM, patient engagement and personal health record, health information exchange, and ACO tools that support financial, clinical and quality of care reporting and analytics. This portfolio of proprietary software applications bundles a large array of functional components into a SaaS solution that can be delivered as a complete set, or as independent modules to leverage existing enterprise investments. Additionally, Etransmedia is working on several other exciting product and acquisition opportunities and is positioned for significant growth events in 2014.
Since 2000, Etransmedia has developed and delivered integrated cloud-based software and services to hospitals, health systems and physicians nationwide. Etransmedia's solutions include revenue cycle management service, the Connect2Care software platform, which includes an integrated EHR/PM, financial analytics, care coordination and patient engagement. Etransmedia is committed to providing the right solutions to build an effective community of care, driving revenues and efficiencies for ambulatory, acute and diagnostic facilities, and increasing the availability of information to providers making critical care decisions. Etransmedia serves more than 13,000 providers and 40,000 users. Etransmedia is the recipient of seven consecutive Inc. 500/5000 awards, and three consecutive Deloitte Technology Fast 500 Awards. For additional information www.etransmedia.com. Follow us @EtransmediaNews