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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.

AdvancedMD to be Acquired by Marlin Equity Partners from ADP

Largest cloud EHR and practice management ecosystem dedicated to independent physicians

South Jordan, UT – August 6, 2015 – AdvancedMD®, a division of ADP® (NASDAQ: ADP) and the pioneer in cloud technology for physician practices, today announced that it has entered into a definitive agreement to be acquired by global investment firm Marlin Equity Partners. AdvancedMD is one of the most comprehensive technology ecosystems designed for private practices and serves an expansive national footprint of more than 17,500 practitioners and 500 medical billing companies. AdvancedMD includes fully-integrated electronic health records, practice management, patient relationship management, as well asbig data reporting and business intelligence tools designed to automate and optimize workflow in all areas of the practice.AdvancedMD solutions are proven to accelerate revenue capture, streamline workflow and productivity, and facilitate improved patient health and satisfaction.

Raul Villar, ADP AdvancedMD president, will continue as CEO of the independent company following a 26-year career with ADP as a corporate vice president. “We are thrilled to take the next step in our extraordinary journey of providing medical practices the freedom to remain independent,” commented Raul Villar. “AdvancedMD was the pioneer in cloud solutions for medical practices and today we are the largest provider of clinical and financial solutions to small, independent medical practices. Marlin Equity Partners is a perfect fit for AdvancedMD as Marlin is committed to our vision of enabling medical practices to increase cash flow, reduce administrative burden and improve patient care. Under Marlin ownership we are well positioned to accelerate product investment and will continue to deliver best-in-class implementation and service to our loyal clients and partners.”

“AdvancedMD cloud-based technology along with its unmatched sales, marketing and implementation model provides a scalable platform to execute several growth initiatives already underway,” said Michael Anderson, a principal at Marlin. “We believe that AdvancedMD is poised to continue its impressive growth and we look forward to providing financial and operational support to help expand and enhance the company’s product solutions to meet the evolving needs of the rapidly changing healthcare IT market.”

Closing of the transaction is expected in the third or fourth quarter of calendar 2015 and is subject to customary closing conditions, including the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act.

About Marlin Equity Partners

Marlin Equity Partners is a global investment firm with over $3 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 strengthens a company’s outlook and enhances value. Since its inception, Marlin, through its group of funds and related companies, has successfully completed over 90 acquisitions. The firm is headquartered in Los Angeles, California with an additional office in London. For more information, please visit www.marlinequity.com.

About AdvancedMD

AdvancedMD is a leading provider of cloud-based PM, EHR and RCM solutions focused on the independent physician practice market. The company’s comprehensive portfolio allows physicians to drive additional revenue and reduce administrative burden by automating medical practice processes, optimizing patient schedules and encounters, streamlining insurance claim creation, managing prescription and order processes, and tracking and analyzing financial performance. AdvancedMD is widely recognized as a leader in its industry, and has earned the #1 ranking from KLAS, the leading independent industry analyst, in a number of categories including product quality, functionality and integration. For more information, please visit www.advancedmd.com.

August 6, 2015 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.

ADP AdvancedMD Unveils iPad App for Medical Practices

ADP AdvancedMD 2012 Summer release also adds UI upgrades, ICD-10 tools

SALT LAKE CITY, UT – (July 17, 2012) – ADP® AdvancedMD®, a leader in all-in-one, cloud-based electronic health record (EHR), practice management (PM), and medical scheduling software as well as medical billing services, today announced the successful deployment of its 2012 Summer release, which introduces the company’s user-friendly Apple iPad® app, additional ICD-10 tools, and best practices workflow for pediatric practices.

“Physicians are using iPads en masse and expect practical and easy-to-use applications that allow them to be untethered from their desk and practice,” said Raul Villar, president, ADP AdvancedMD. “In this release we focused on delivering the most critical scheduling, messaging and charting functions in a way that makes them fun and easy to use.”

iPad use by U.S. doctors has nearly doubled in the past year according to Manhattan Research, which also found that more than 60 percent of doctors use an iPad for professional purposes. “Although many medical practice software vendors offer iPad compatibility, our iPad solution has been designed from inception to combine the intuitive iPad interface with the important mobile functions in the EHR and PM,” said Steve ZoBell, vice president of product development, ADP AdvancedMD. “Based on detailed input from our physician council, we have made increasing physician productivity on a mobile solution remarkably simple.”

“Rapid information retrieval and input is essential for efficient EHR workflows and healthcare. It is no surprise that doctors are adopting iPads at an incredible rate due to their ease of use and portability,” said Joseph Martins, managing director, Data Mobility Group. “This latest release by AdvancedMD shows how strong investment in a well thought-out product, combined with wise platform choices, such as the iPad, help make physicians’ lives easier.”

“The most important thing for me is to have something mobile that will give me instant access to patient information,” said Robert Carlin, M.D., internal medicine. “Everything from medicine history, to the last time I saw the patient, to chart access in real-time is key to patient safety. The AdvancedMD iPad app is an amazing, easy-to-use tool that has allowed me to have this critical data at my fingertips anytime, anywhere.”

“One thing I’m excited about with AdvancedMD on the iPad is the use of the scheduler when we greet people,” said Hugh Glatts, administrator, Mittleman Eye Center. “The iPad is the first piece of technology they see and it is sure to ‘wow’ our patients while giving our team an elegant way to verify patient and resource schedules.”

The AdvancedMD iPad app will be available later this summer as a free download through the Apple App Store.

Additional improvements available in the 2012 summer release demonstrate continued strong investment from ADP in AdvancedMD cloud software, and include:

  • User Experience – A simple, retooled new look to the desktop environment makes it easier to work across all aspects of the solution for greater clarity and ease of use.
  • Enhanced Credit Card Management – As a continuation of the robust and integrated credit card solutions, practices can simplify their process of collecting the patient portion of their services. Add patient credit cards, manage payments, automatically process and collect balances prior to generating statements, all within the AdvancedMD cloud.
  • Credit Balance Transfer – A practice now can apply credit patient balances within a family from one patient to another, improving speed of payment as well as patient satisfaction.
  • Patient Photos – Adding a photo through an easy one-step process keeps a visual reminder with the patient record so everyone in the practice can provide quicker, more personal service to patients and help avoid wrong chart mistakes.
  • Pediatric Workflow – Improvements to pediatric EHR workflow enables faster data entry during charting and simplified steps to accomplish commonly used functions such as vaccine entry and creating and printing growth charts.
  • ICD –10 codes – While the regulations have not been finalized, a change from ICD-9 is inevitable. The ADP AdvancedMD 2012 Summer Release allows practices to begin familiarizing themselves with the migration to the next generation of clinical coding.

ADP AdvancedMD Resources

About ADP

Automatic Data Processing, Inc. (NASDAQ: ADP), with about $10 billion in revenues and approximately 570,000 clients, is one of the world’s largest providers of business outsourcing solutions. Leveraging over 60 years of experience, ADP offers a wide range of human resource, payroll, tax and benefits administration solutions from a single source. ADP easy-to-use solutions for employers provide superior value to companies of all types and sizes. ADP is also a leading provider of integrated computing solutions to auto, truck, motorcycle, marine, recreational vehicle, and heavy equipment dealers throughout the world. For more information about ADP or to contact a local ADP sales office, call 800 225-5237 or visit www.ADP.com.

July 17, 2012 I Written By