MedVision Launches Merger Advisory Service for Medical Practices
Arthur D. Perrone, M&A Dealmaker and Investment Banker, joins MedVision Advisory Board to Assist Physicians with Revenue Optimization through Mergers and Practice Consolidation
Tustin, CA (PRWEB) January 7, 2011
MedVision, a premier revenue cycle management company for physician specialty practices, today announced that it has launched a merger advisory business to further help physicians achieve their goal of revenue optimization. “While we do not advocate mergers for all practices, due to increasing client and market demand, MedVision has created this new service to ensure that certain practices are well-positioned to grow not only their revenue but also to increase their profitability through consolidation,” stated Sandra Hunnicutt, president of MedVision.
Many analysts and health experts believe that for small practices to survive in the next chapter of American medicine, they must merge in order to achieve economies of scale, reduce expenses, gain purchasing power, and increase revenue.
“We have always taken a holistic approach to the medical revenue dilemma, and this is just an extension of ensuring that practices aren’t left by the wayside due to colossal legislative change,” added Ken Alston, chairman of MedVision. “With Mr. Perrone’s deep and unique experience in mergers and acquisitions and our expertise within the revenue cycle, MedVision believes that we have the requisite skill sets to assist practices with strategic decisions.”
Mr. Perrone was co-founder and vice-chairman of the Geneva Companies, constantly a leader in middle market mergers and acquisitions and completed over 300 transactions during his tenure. “What we’re seeing today in the medical community is similar to other industries that have undergone sweeping regulatory change,” observed Mr. Perrone. “Like those businesses before them, it is critical for physicians to be a few steps ahead of the legislative curve. Mergers can hedge risk and provide innumerable benefits, but they are rife with landmines without thoughtful guidance. What MedVision wants to ensure is that when the music stops, the small practices aren’t left without a chair.”
About MedVision
MedVision is a premier revenue cycle management company focused on medical billing, collections, and practice management solutions. Since 1994, we have partnered with practices to optimize physician revenue allowing doctors to focus on medicine and positive outcomes. MedVision materially increases collections and decreases accounts receivable for clients, in some cases in excess of 100 percent - dramatically increasing revenue and cash flow. We achieve these results through our integrative revenue solution - a pioneering balance of deep and unique billing experience, financial analysis, exhaustive collections, and appeals - all built on a robust technology platform. DLA Piper, one of the world’s largest law firms, advises MedVision on corporate and legal matters.
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