AdvancedMD
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AdvancedMD is a cloud-based healthcare software-as-a-service platform for medical billing, healthcare management, and electronic health records (EHR).[1][2][3] It is based in South Jordan, Utah and is owned by Global Payments.[1]
History
[edit]It was founded in 1999 as Perfect Practice.MD, which was later rebranded in 2000 to AdvancedMD.[1][4]
In 2008, AdvancedMD was acquired by Francisco Partners, a San Francisco-based private equity firm.[5]
In 2010, AdvancedMD introduced the AdvancedBiller billing service partner program for additional billing services support.[6] A year later, AdvancedMD acquired PracticeOne.[7]
In March 2011, AdvancedMD was acquired by ADP and was renamed as ADP AdvancedMD.[8][9]
In 2012, AdvancedMD expanded its revenue cycle management software by acquiring PhyLogic Healthcare RCM. Additionally, Apple iPad App was introduced and the iPad Charge became available for mobile charge capture.[10]
In May 2013, AdvancedMD launched a new website called MyICD-10 to assist medical practices in preparing for the transition to the ICD-10 coding system, which was scheduled to take effect on October 1, 2014.[11] In May 2013, MyICD-10, a new website aimed at helping medical practices prepare for the October 1, 2014, ICD-10 transition, was launched.[11]
In 2015, AdvancedMD was acquired by Marlin Equity Partners and began operating as a stand-alone company.[12]
In July 2018, AdvancedMD acquired NueMD software with proprietary clearinghouse.[13]
In August 2018, Global Payments announced the acquisition of AdvancedMD from Marlin Equity Partners for $700 million.[14][12]
Platform
[edit]AdvancedMD's EHR platform is a cloud-based system that enables healthcare providers to access patient records from various locations.[2] The platform includes customizable templates for different medical specialties, allowing for customization at the note and subnote levels.[2] It also features a visual task management tool called "Task Donuts," which is designed to assist medical staff in prioritizing and managing their workload.[2] The system supports electronic integrations, including digital faxing and e-prescribing, and provides analytics tools that provide insights into operational efficiency and support Clinical Quality Reporting.[2]
AdvancedMD's medical billing software is integrated with its EHR system to provide a unified platform.[3] This integration includes a "One-click" feature designed to facilitate the collection of copays by displaying patient information, copays, and eligibility status.[3] The billing software also integrates with credit card processing systems, allowing charges to be automatically posted to a patient's account after a card swipe.[3]
References
[edit]- ^ a b c "=". Fortune.
- ^ a b c d e Jonas P. DeMuro (March 8, 2023). "AdvancedMD EHR Review: Pros & Cons, Features, Ratings, Pricing and more". TechRadar.
- ^ a b c d updated, Jonas P. DeMuro last (January 15, 2020). "AdvancedMD Medical Billing review". TechRadar.
- ^ "Our Story | AdvancedMD".
- ^ "Francisco acquires AdvancedMD, names new CEO | Modern Healthcare".
- ^ "AdvancedMD launches new billing partner channel program". Healthcare Finance News.
- ^ "AdvancedMD Buys EHR Provider PracticeOne". Healthcare Innovation. June 24, 2011.
- ^ https://slenterprise.com/images/pdf/189V_2_6_12.pdf
- ^ "ADP acquires AdvancedMD | Modern Healthcare".
- ^ "Doctors on the go are using the iPad for charge capture". MobiHealthNews. December 10, 2012.
- ^ a b Mag, H. M. T. (July 25, 2013). "Industry Watch August 2013". Healthcare Innovation.
- ^ a b Haithman, Diane (January 24, 2019). "Marlin's $700M Health IT Deal Sets Stage".
- ^ "AdvancedMD completes acquisition of NueMD: 4 things to know". www.beckersasc.com. July 9, 2018.
- ^ https://www.spglobal.com/marketintelligence/en/news-insights/trending/nF_gNYvVQd6uiPftN1qEmA2