Rehab therapy support company WebPT has acquired billing and collections company BMS Practice Solutions, in an undisclosed deal.
WebPT is a rehab therapy platform that helps care providers with their workflow including billing, scheduling, documentation, business reporting and electronic medical records software, among others.
US-based BMS provides therapy practices with a technology platform to handle the billing costs and collections, as well as building real-time reports. The platform streamlines medical bills so that payments are timely and ensures necessary regulations are met.
This acquisition will offer out-patient rehab providers an end-to-end solution streamline workflow, complete defensible electronic documentation, ensure compliance, obtain fast and accurate payments, and ensure high-quality care. Alongside this, WebPT will be able to bolster its revenue cycle management services and add an all-in-one billing option.
WebPT CEO Nancy Ham said, ?Now more than ever, practice owners and providers must have visibility into the entire patient journey ??from patient acquisition to the close of a claim.
?With WebPT and BMS joining forces, our customers will be able to choose from a wide array of innovative products and services to build the packages that not only work best for them, but also enable them to streamline efficiencies, improve revenue and revolutionize clinical care.p>
Last year, WebPT acquired patient relationship management company Strive Labs to add practices and relationship management solutions to its platform.
FinTech solutions supporting the healthcare sector has seen a rise in activity in recent months. Last week, Univfy closed a $6m Series A to expand its curren IVF treatment solutions. The company implements machine learning and AI technology to make treatment more affordable.
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