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AdvancedMD Completes Acquisition of NueMD

AdvancedMD further solidifies position as market-leading cloud platform

July 9, 2018 – South Jordan, Utah-based AdvancedMD, the creator of Rhythm, an end-to-end cloud platform that automates all aspects of clinical and business workflow for independent physician practices and medical billing services, today announced that it has acquired Marietta, Georgia-based Nuesoft Technologies (“NueMD”). The transaction adds to AdvancedMD’s leading market position and extends the feature and functionality both companies will be able to provide practices across the broader ambulatory market.

With over half of independent medical practices still on legacy on-premise software, AdvancedMD continues to benefit from discrete, disconnected workflow moving to a unified end-to-end platform that combines next generation electronic health records and practice management with automated patient engagement applications. By adding NueMD to the AdvancedMD platform, NueMD clients now gain access to a much broader, feature-rich platform with unified clinical and patient engagement solutions. In addition, AdvancedMD clients will benefit from NueMD’s clearinghouse capabilities which further expand upon its unified platform and continue to enhance the value proposition and client experience. With the NueMD acquisition closed, AdvancedMD continues to evaluate further M&A to accelerate its organic growth strategy.

“The acquisition of NueMD is the logical next step for expanding our cloud network of practitioners and physicians who have learned to use end-to-end workflow automation to improve their bottom line and the health of their patients,” said Raul Villar, chief executive officer of AdvancedMD. “NueMD has been a formidable competitor for many years and now we are combining our capabilities to deliver better products and services for all of our clients. We are also extremely excited about adding experienced HCIT experts to the AdvancedMD team and extending our geographic footprint in the Atlanta metro area.”

“We have been on a path similar to AdvancedMD since the beginning,” said Massoud Alibakhsh, CEO and founder of NueMD. “Together, we have tremendous capabilities to disrupt traditional solutions offered to independent physicians, solve the most difficult challenges our practices face and provide them with even better service. AdvancedMD is the category leader and we are excited to be joining forces to become the premier company serving the ambulatory sector with a unified cloud platform built for physicians.”

As a result of the transaction, AdvancedMD’s North American footprint will increase by 27%, expanding the total number of medical practice clients and practitioners to 11,000 and 33,000, respectively. AdvancedMD will retain NueMD offices in Marietta, Georgia.

AdvancedMD is owned by Marlin Equity Partners, a global investment firm with over $6.7 billion of capital under management.

About AdvancedMD

AdvancedMD revolutionized medical office software in 1999 with the introduction of the industry’s first true cloud solution. Today, the company continues to lead MedTech innovation with Rhythm, a complete cloud suite of smart applications that work in unison, accelerating collaborative workflow for every role of the practice. With Rhythm, staff members are empowered to thrive in the online age of healthcare and value-based reimbursement with essential clinicalfinancialpatient engagement and reputation management applications that are unified and available anytime, anywhere on any device. AdvancedMD strives to be the technology heartbeat of healthcare for providers, patients and payers for a healthier world. Visit www.advancedmd.com.

About NueMD

NueMD is a multi-tenant, SaaS platform providing practice management, clinical and medical billing applications to simplify all aspects of running an independent practice.  NueMD clients operate more efficiently and profitably leveraging NueMD’s innovative direct to payer clearinghouse that delivers same day claims processing to practices in nearly all specialties. NueMD also offers medical billing outsourcing services and has 340 medical billing company partners who leverage the NueMD platform to process claims and provide transparency and practice management automation to their clients.

About Marlin Equity Partners

Marlin Equity Partners is a global investment firm with over $6.7 billion of capital under management. The firm is focused on providing corporate parents, shareholders and other stakeholders with tailored solutions that meet their business and liquidity needs. Marlin invests in businesses across multiple industries where its capital base, industry relationships and extensive network of operational resources significantly strengthen a company’s outlook and enhance value. Since its inception, Marlin, through its group of funds and related companies, has successfully completed over 130 acquisitions. The firm is headquartered in Los Angeles, California with an additional office in London. For more information, please visit www.marlinequity.com.

July 9, 2018 I Written By

John Lynn is the Founder of the HealthcareScene.com blog network which currently consists of 5 blogs containing over 11,000 articles with John having written over 5500 of the articles himself. These EMR and Healthcare IT related articles have been viewed over 18 million times. John also manages Healthcare IT Central and Healthcare IT Today, the leading career Health IT job board and blog. John is co-founder of InfluentialNetworks.com and Physia.com. John is highly involved in social media, and in addition to his blogs can also be found on Twitter: @techguy and @ehrandhit and LinkedIn.

New Medical Billing Service from Nuesoft Called Nuetopia

Nuesoft recently announced a new medical billing service they call Nuetopia. Here’s a video in true Nuesoft style that talks about medical billing:

Here’s the full press release:

Nuesoft to Offer NuetopiaTM Billing Services for Medical Practices

ATLANTA, GA–(Marketwire – January 10, 2011) – Nuesoft Technologies Inc. today announced the availability of Nuetopia, a new service combining the company’s NueMD® electronic health records and medical billing software with the revenue cycle management expertise of a credentialed team of medical billers and coders.

“Nuetopia is a natural extension of our software offering,” said Nuesoft CEO Massoud Alibakhsh. “After nearly 20 years of providing medical practice management software solutions, we have amassed a great deal of institutional knowledge about medical billing. We decided to harness that proficiency for small and medium-sized medical practices, for which medical billing, coding and claims processing are many times not core competencies.”

Nuesoft has operated its own clearinghouse and Electronic Data Interchange (EDI) departments since 1999, and that has allowed staff to acquire specialized expertise in claims processing. The company also spent nearly two years researching the billing challenges unique to smaller medical practices and has added a team of certified medical billers and coders. This cumulative knowledge has allowed Nuesoft to begin offering Nuetopia to existing clients in 2010.

“What we’ve learned leading up to today’s launch is that it is rare to find a medical practice that is running optimally,” said Alibakhsh. “We see many practices that take on the ambitious task of handling billing and compliance on their own, but it often becomes difficult for them to keep abreast of the complex world of changing insurance rules and evolving regulations.”

Before signing up, Nuetopia subscribers receive a free 9-step analysis of their practice’s financial sustainability. That assessment is the basis of a customized plan that includes measurable objectives linked to each practice’s unique challenges.

On average, medical offices should anticipate a 10 percent increase in net payments by subscribing to Nuetopia.

“Nuesoft was able to take over our billing in one hour,” said Renee Drabik, practice administrator at Cadillac Urology in Cadillac, Mich., which has been using Nuetopia since September. “Our net payments have increased by 40 percent, and the transparency between our office and the service has far exceeded our expectations.”

About Nuesoft Technologies
Nuetopia is a division of Nuesoft Technologies, the leading Internet-based practice management solution for physicians’ offices, billing companies and university health centers. Established in 1993, Nuesoft was one of the first companies to pioneer software as a service (SaaS) and has the datacenter facilities to support secure and HIPAA-compliant application hosting. The company has an established U.S. customer base of more than 15,000 users in 49 states, and, as an independent clearinghouse, processes 3.5 million claims transactions per year. For more information about Nuetopia or Nuesoft, visit http://www.nuesoft.com or call (800) 401-7422.

January 10, 2011 I Written By

John Lynn is the Founder of the HealthcareScene.com blog network which currently consists of 5 blogs containing over 11,000 articles with John having written over 5500 of the articles himself. These EMR and Healthcare IT related articles have been viewed over 18 million times. John also manages Healthcare IT Central and Healthcare IT Today, the leading career Health IT job board and blog. John is co-founder of InfluentialNetworks.com and Physia.com. John is highly involved in social media, and in addition to his blogs can also be found on Twitter: @techguy and @ehrandhit and LinkedIn.