Modernizing Medicine, developer of a cloud-based electronic health record system, has completed its acquisition of Aesyntix Health, Inc., expanding its specialty-specific product offerings with billing, inventory management and group purchasing services.
A privately held company based in Roseville, Calif., Aesyntix serves medical practices with three specialty-specific offerings: Aesyntix Billing Solutions for revenue cycle management (RCM), Aesyntix Inventory Management, and Aesyntix Physician Network, a medical group purchasing organization.
Boca Raton, Fla.-based Modernizing Medicine, which recently closed on $15 million of an expected $20 million funding round, says the specialty RCM service combines technology that streamlines claim processing and collections, comprehensive support services and specialty certified billing managers to deliver RCM expertise to end users who select the service with its Electronic Medical Assistant (EMA) EHR system.
Our new specialty-specific RCM service along with EMA can create more efficient, streamlined billing processes at the point of care to help reduce denials, monitor and maximize reimbursements, decrease the cost of collections and increase revenue for providers, said Daniel Cane, CEO and co-founder of Modernizing Medicine, in a written statement. Nearly 5,000 physicians already use EMA, and most prefer one vendor for both their RCM service and EMR system. It means there is a single source for services, systems and support plus an opportunity for greater efficiencies and cost savings when customers choose combined offerings.
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