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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.

NueMD Announces Partnership with Leading EHR Company to Provide Integrated Solution for Medical Practices

Nuesoft Technologies, Inc., the first healthcare IT company to offer cloud-based medical practice management software, today announces a strategic partnership between NueMD, the company’s flagship brand, and Practice Fusion, the country’s largest doctor-patient community.

Atlanta, GA May 29, 2013

Nuesoft Technologies, Inc., the first healthcare IT company to offer cloud-based medical practice management software, today announces a strategic partnership between NueMD, the company’s flagship brand, and Practice Fusion, the country’s largest doctor-patient community. Practice Fusion is based out of San Francisco, and offers a free web-based electronic health record (EHR) system to physicians.

The alliance between two leaders in their respective fields will provide medical practices with an affordable, fully integrated solution for managing scheduling, clinical information and billing. This step is part of NueMD’s long-term vision to provide cost- saving solutions for small- to medium-sized medical practices. This critical segment of physicians faces increased competition as more practices are purchased by hospitals and corporations. Nuesoft anticipates significant company growth as a result, and additional development and sales opportunities will be available at its corporate office, as well as throughout the United States.

“We are thrilled to be partnering with Practice Fusion, bringing together two of the most technologically advanced systems created for physicians,” said Massoud Alibakhsh, President and CEO of Nuesoft, makers of NueMD. “Since 1993, we have committed ourselves to providing the most flexible, affordable and user friendly solution for small- to medium-sized practices. This partnership affirms our commitment to meeting the needs of these physicians.”

According to Dan O’Neill, Senior Director of Business Development at Practice Fusion, “We are serious about building a platform that lets all of our physicians find the services they need to run a successful practice. In NueMD, we found an innovative partner who offers advanced Internet-based billing software and services. The end result of our partnership will be a simple, streamlined user experience for our medical practices.”

Beta testing on the system integration begins this month, with anticipated rollout later this summer. Kim Cannon, owner of Cannon Managerial Office Consulting Co. (CMOCC), is participating in the test phase. “From our preliminary review, I anticipate saving at least five hours each day. Streamlining the data entry process for all the practices I work with will save them and me immeasurable time and expenses. As a longtime client of NueMD, I find they are always quick to offer solutions that will benefit their users.”

Nuesoft Technologies began in 1993 at the Georgia Institute of Technology’s renowned Advanced Technology Development Center (ATDC) and became an immediate success by delivering the first platform independent medical software program to the medical community. Since then, the company has continued to develop groundbreaking technology, including producing the first wholly Internet-based medical practice management system in the form of NueMD. In addition to software development, Nuesoft offers medical billing services for small- to mid-sized medical practices.

May 29, 2013 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.