Press Releases

MDaudit Recognized by SaaS Cloud, Golden Bridge Awards Programs for its Innovative SaaS Billing Compliance and Revenue Integrity Platform

Posted in Press Releases on Wednesday, July 19, 2023.

The MDaudit platform is used by more than 70 of the nation’s top 100 health systems for compliance and revenue integrity outcomes.

Wellesley, MA — July 11, 2023 — MDaudit, an award-winning provider of technologies and analytics tools that enable premier healthcare organizations to minimize billing risk and maximize revenues, announced today that it has received two 2023 Golden Bridge Awards for its industry leading billing compliance and revenue integrity platform. The platform was also shortlisted in the 2023 SaaS Awards program in the Best SaaS Product For Healthcare category.

AGS Health Recognized as an RCM Leader by Everest Group

Posted in Press Releases on Friday, June 30, 2023.

WASHINGTON, D.C. – June 27, 2023 – AGS Health, a leading provider of tech-enabled revenue cycle management (RCM) solutions and strategic growth partner to healthcare providers across the U.S., has been named a Leader in Revenue Cycle Management (RCM) Operations by Everest Group for the third consecutive year.

Everest Group Revenue Cycle Management (RCM) Operations PEAK Matrix® Assessment evaluated 25 RCM providers’ market impact and ability to successfully deliver services based on subdimensions, including market adoption, portfolio mix, value delivered, and strategic vision and capability. Results were then used to determine each organization’s overall market leadership position – Aspirant, Major Contender, or Leader.

FutureRx Appoints Eric Grossman as Chief Commercial Officer

Posted in Press Releases on Tuesday, June 20, 2023.

TAMPA, Fla. – June 20, 2023 – FutureRx (FRx) announced today the appointment of Eric Grossman as its Chief Commercial Officer, tasked with all aspects of the commercial strategy related to its innovative FRx cloud-based healthcare platform and FRx Marketplace for health plans and pharmacy benefits managers (PBMs). Grossman will oversee FRx product and partner development, marketing, sales, and customer service strategies to build market share and maximize revenues.

“Eric brings to FutureRx a remarkable track record of developing highly effective commercial strategies for healthcare technology companies that deliver innovative SaaS solutions to the payer market,” said Anil Kottoor, CEO of FutureRx. “He will be an exceptional asset as FutureRx embarks on an aggressive growth strategy focused on providing health plans and PBMs with access to a highly unique suite of technology tools and services that lets them reclaim control over their pharmacy benefits programs.”

Harris Data Integrity Solutions White Paper Explores Healthcare’s $6 Billion Patient Matching Problem

Posted in Press Releases on Wednesday, May 10, 2023.

NIAGARA FALLS, N.Y.  – May 10, 2023 – Harris Data Integrity Solutions, the leading provider of best-in-class patient data integrity services and software, has released a white paper that undertakes an in-depth examination of the healthcare industry’s chronic people matching problem. In addition to dissecting the challenges and impacts patient misidentification has on care safety, outcomes, and costs, People Matching in Healthcare: Challenges, Impact and Solutions explores efforts underway on multiple levels to identify a system-wide resolution to the problem.

FutureRx Expands the FRx Marketplace with Pharmacy and Medical Rebate Management Solutions from Nuwae

Posted in Press Releases on Wednesday, April 26, 2023.

TAMPA, Fla. and COLLINSVILLE, Conn. – April 26, 2023 – FutureRx (FRx) and Nuwae, a member of the Goodrootcommunity of companies, announced today the addition of Nuwae’s pharmacy and medical rebate services and software to the FutureRx Marketplace, providing FRx health plan and pharmacy benefits manager (PBM) customers with streamlined access to rebate optimization and management solutions. With Nuwae on the FRx Marketplace, FRx customers can easily integrate solutions designed to lower prescription drug costs for both patients and payers from a company focused on solving the issues that drive medication prices to astronomical levels – thereby lowering out-of-pocket costs and providing equitable access and outcomes for stakeholders.

AGS Health Recertified by KLAS Research, Censinet for Cybersecurity Transparent Designation

Posted in Press Releases on Thursday, March 30, 2023.

WASHINGTON, D.C. – March 29, 2023 – AGS Health, a leading provider of tech-enabled revenue cycle management (RCM) solutions and strategic growth partner to healthcare providers across the U.S., has earned recertification of its KLAS Cybersecurity Transparent designation. It was one of 25 healthcare vendors to achieve or sustain their designation, which AGS originally earned in 2022 after completing a voluntary risk assessment process and program from Censinet and KLAS Research.

AGS Health Announces Expansion into the Philippines

Posted in Press Releases on Tuesday, March 07, 2023.

WASHINGTON, D.C. – March 7, 2023 – Revenue cycle management solutions leader AGS Health is pleased to announce the launch of operations in Manilla, Philippines. Serving as a strategic growth partner to more than 100 major healthcare providers across the U.S., the expansion will offer AGS Health and its customers increased access to global talent.

Identified as one of the most popular outsourcing destinations in the world, the Philippines is known for the quality of skills offered in the business process outsourcing (BPO) sector. With strong medical backgrounds and voice-based skills, AGS Health aims to focus on supporting end-to-end accounts receivable services. “By augmenting our service line with patient calls, responding to patient queries, and timely patient follow-ups, the addition of our Philippines operations represents an exciting added value to our customers,” said Patrice Wolfe, CEO of AGS Health.

AGS Acquires Offshore Patient Access BPO Unit from Availity

Posted in Press Releases on Tuesday, February 21, 2023.

WASHINGTON, D.C. – February 21, 2023 – AGS Health, a leading provider for tech-enabled revenue cycle management (RCM) solutions and strategic growth partner to healthcare providers across the U.S., announces the acquisition of the India-based patient access outsourcing business unit of the Florida-based healthcare technology company Availity.

With more than half of U.S. hospitals anticipating a year of negative margins, achieving full and accurate reimbursement for services has never been more critical. With this expansion, AGS Health is positioned to provide faster, more flexible financial clearance solutions at an even greater scale to help increase customers’ first-pass reimbursements rates.

FutureRx Launches Paradigm-Shifting Healthcare Platform for Health Plans and PBMs

Posted in Press Releases on Tuesday, February 21, 2023.

TAMPA, Fla. – February 21, 2023 – FutureRx (FRx) announced today the launch of its first-of-a-kind healthcare platform for health plans and pharmacy benefits managers (PBMs) that combines modular technology solutions and, if needed, seamless access to pre-vetted fully integrated service providers on a single platform. FRx is a cloud-based, modular, user-configurable technology platform that was built from the ground up to meet complex and continuously evolving compliance requirements in today’s Medicare and Medicaid environment. As such, it is 100% compliant with government-sponsored regulations out of the box.

Once on the platform, health plan and PBM users can select from a full range of technology modules – including Rx Prior AuthorizationAppeals/Grievances, Part D Stars, Drug Management Programs (DMP) and more – that are preconfigured out of the box with workflow and letters, and fully integrated with SureScripts and CoverMyMeds, as well as fax, phone, email, and mail capabilities that eliminate costly and time-consuming implementations.

Engage Venture Partners Announces Lead Investment in VOCxi Health

Posted in Press Releases on Thursday, December 22, 2022.

The Minnesota-based medtech venture capital firm marks continued growth of its research-driven model leveraging deep industry expertise and an inclusive investment vehicle.

MINNEAPOLIS, MN. – December 21, 2022 – Engage Venture Partners, a venture capital (VC) firm committed to building a funding community for early-stage medical technology companies and their investors, announces its investment in VOCxi Health. This marks the third investment for Engage since the firm’s launch earlier this year and the first time it has led a funding round.

Engage was founded in July 2022 to provide clients access to extensively vetted investment opportunities in the medical device, digital health, and healthcare software sectors. The firm’s Special Purpose Vehicles (SPVs) allow investors to choose the startups they wish to fund. This flexible, investor-friendly model also has lower fees than traditionally structured venture capital funds

Engage Venture Partners Launches as New Medtech Venture Capital Firm, Announces Initial Investment

Posted in Press Releases on Friday, December 09, 2022.

Founded by a team with proven track records in healthcare, medical devices, investing, and startup operations, the firm’s innovative investment approach leverages industry access and provides a flexible, investor-friendly structure.

MINNEAPOLIS – July 14, 2022 – Engage Venture Partners, a new venture capital (VC) firm focused on medical technology companies, announces its launch and inaugural company investment. Backed by deep technical expertise, extensive due diligence capabilities, and specialized industry knowledge, Engage was established to address the need for a more accessible, lower-friction funding community for seed- and early-growth stage medtech companies and their investors.

Engage also announced its first investment with Minnesota-based medical device manufacturer Melodi Health. Melodi offers surgical solutions to women undergoing breast surgery by developing a novel absorbable scaffold intended to support soft tissue and improve patient outcomes.

MDaudit Annual Benchmark Report Reveals 82% of Claim Denials are Associated with Medicare, Increasing Pressure on Healthcare Organizations to Protect Revenues

Posted in Press Releases on Monday, November 14, 2022.

Declining patient volumes, staffing, and resource shortages, and higher third-party audit demands create an unprecedented threat to revenues.

Wellesley, MA — November 7, 2022 — With 82% of 2022 claims denials associated with Medicare, and third-party audit volume rapidly climbing, hospitals and health systems are under intense pressure to protect and grow revenues. These were among the key findings of the 2022 MDaudit Annual Benchmark Report released today by MDaudit, the healthcare technology company that harnesses the power of analytics and its proven track record to allow the nation’s premier healthcare organizations to retain revenue and reduce risk.

AGS Health Recognized as a Leader in Medical Coding Operations by Everest Group

Posted in Press Releases on Monday, November 14, 2022.

WASHINGTON, D.C. – November 10, 2022 – AGS Health, the tech-enabled revenue cycle management solution provider for major healthcare organizations across the U.S., has been named a Leader in Everest Group’s Medical Coding Operations PEAK Matrix® Assessment 2023. The company, which was recognized in the top quartile of the market, was also recognized by Everest Group earlier this year as a Leader and a Star Performer in the Revenue Cycle Management (RCM) Operations PEAK Matrix Assessment 2022.

MDaudit Launches Revenue Integrity Suite to Proactively Mitigate High-Impact Denial Risk and Prevent Revenue Leakage for Healthcare Organizations

Posted in Press Releases on Thursday, August 25, 2022.

Wellesley, MA — August 25, 2022 — MDaudit, the healthcare technology company that harnesses the power of analytics and its proven track record to allow the nation’s premier healthcare organizations to retain revenue and reduce risk, announced today the launch of MDaudit Revenue Integrity Suite which brings fully integrated risk capabilities and supporting workflows together on a single platform.  The only end-to-end denials analytics technology designed to pre-emptively protect against revenue leakage by identifying and resolving systemic risks based on historical data and applied insights, MDaudit Revenue Integrity Suite proactively addresses the issues that lead to costly inpatient and outpatient claim denials.

Mobile OptiX’s Caregiver Program Benefits from Generous Modern Optical International Eyewear Donation

Posted in Press Releases on Wednesday, May 18, 2022.

TAMPA, Fla. – (May 18, 2022) – The eye health of caregivers is just as important as the patients for whom they care. That is why Mobile OptiX, an innovative startup that’s revolutionizing access to high quality eye care with its state-of-the-art mobile vision practice, launched its Caregiver Program to provide caregivers and their families with low-cost eye examinations and glasses. Now, during Healthy Vision Month, Mobile OptiX is pleased to announce that Modern Optical International is supporting the program’s launch by donating up to 1,000 pairs of its high-quality, fashionable frames.