Troy, NY, June 21, 2012 (GLOBE NEWSWIRE) -- Etransmedia Technology, Inc acquires Associated Billing Services, Inc (ABS), a Phoenix based company which provides a range of Revenue Cycle Management and accounts receivable management services to the healthcare industry. This acquisition solidifies Etransmedia's position as a leading national provider of healthcare IT and Revenue Cycle Management solutions. Etransmedia delivers a comprehensive package of solutions that automate processes, maximize cash flow and enable seamless communication to create a connected healthcare environment.
"Our acquisition of ABS further enhances Etransmedia's emergence as a national leader of healthcare solutions, and demonstrates our commitment to servicing our customers coast to coast. We are principally focused on solutions that will ensure clients can benefit from the cash flow generated by our faster turnaround times with a higher rate of return," said Vikram Agrawal, CEO of Etransmedia.
ABS's expert team, and its office location in Phoenix Arizona, will continue to service the esteemed ABS customer base, as well as to service the growing Etransmedia client base on the west coast.
ABS adds a solid base of high profile clients, new strategic geographic location and further growth to Etransmedia's strategic RCM services business. With this acquisition, Etransmedia has created a significantly larger-scale RCM services business (in the top 10 nationally) and positioned it's RCM services for accelerated growth as the physician market embraces more outsourcing to efficiently manage payment pressures and changes related to the adoption of ICD 10.
Etransmedia's additional products and services include connectivity and integration solutions, patient portal and personal health record, health information exchange, and ACO tools that support financial, clinical, and quality of care reporting and analytics. This portfolio of proprietary software applications bundles a large array of functional components into a SaaS solution that can be delivered as a complete set, or as independent modules to leverage existing enterprise investments. Additionally, Etransmedia is working on several other exciting product and acquisition opportunities and is positioned for significant growth events in 2012.
About ABS
ABS is a full-service medical billing company, handling a range of services from credentialing and claims submission to payment posting and accounts receivable follow-up. ABS' integrated offering encompasses all key steps necessary to the claims and reimbursement process. Founded more than three decades ago, ABS has established a proven track record in helping its clients improve their billing and collections. Over the years, ABS has emerged a leading medical billing provider, ranking in the top five percent of medical billing companies nationally, based on volume of billed charges, according to the Healthcare Billing and Management Association.
About Etransmedia Technology, Inc
Etransmedia is a premier provider of information solutions to the healthcare industry, delivering comprehensive integrated software, service and connectivity solutions to simplify critical functions in the healthcare community. Etransmedia is committed to providing the right solutions to build an effective community of care, driving revenues and efficiencies for ambulatory, acute and diagnostic facilities, and increasing the availability of information to providers making critical care decisions. For additional information go to www.etransmedia.com