MediGain, a global full-service revenue cycle management and healthcare analytics company, announced last week that it has acquired ASC Billing Specialist, LLC, a Phoenix-based premier practice management, accounts receivable management company specializing in Ambulatory Surgery Centers (ASCs).
Founded in 2002, ASC Billing provides revenue cycle management for all doctors affiliated with ASCs including surgeons, anesthesiologists and ancillary specialists. ASC Billing clients have consistently experienced a high 90-percentile collection activity in their accounts receivables.
“At ASC Billing Specialist we are experts at working with the major insurance companies to help get our doctors more cash, faster. We see this acquisition as a tremendous opportunity for growth,” said Kelly Webb, CEO of ASC Billing Specialist, LLC. “MediGain brings us additional management experience, capital investment and operational efficiencies, so we can focus on providing the best service to a wider network of ASCs. Our clients will be able maximize their reimbursements by working with MediGain’s Chief Medical Officer, a full time medical doctor, an MBA and certified coder who is an expert at overcoming any coding issue.”
By acquiring ASC Billing Specialist, MediGain expands its offering to the rapidly growing number of Ambulatory Surgery Centers. “At ASC Billing, we have highly trained, educated teams that are incentivized and motivated experts at working denials, underpayments and getting our clients reimbursements into the 90 plus percentile,” said Suzanne Webb, President of ASC Billing Specialist, LLC. “We still do the hard, labor-intensive work of tracking every claim for payment. We also teach, train and enhance our physicians’ staffs to correct any issues that may affect cash. We understand how a doctor gets paid in today’s insurance market.”
“The addition of ASC Billing Specialist, will expand MediGain’s service offerings and broaden our presence across the country,” said Greg Hackney, CEO of MediGain. “This acquisition reflects our strategic focus on identifying and acquiring great companies with impressive management teams.”
Kelly Webb and Suzanne Webb, founders of ASC Billing Specialist, LLC will join the MediGain executive team. Mr. Webb will become the GM and VP of the ASC Billing Division, while Ms. Webb will become VP of Operations for the ASC Billing Division.