AdvantEdge Healthcare Solutions Features Successful Growth by Acquisition Strategy at the William Blair & Company 15th Annual Private Equity Conference
Posted by | September 25, 2012
Last week, Safeguard Scientifics’ healthcare IT partner company, AdvantEdge Healthcare Solutions (AdvantEdge) presented at the William Blair & Company’s 15th Annual Private Equity Conference in Chicago, Ill.
The conference provided an opportunity for private companies to introduce their business to an audience of the leading private equity, bankers, and venture investors in the U.S. In recent years, the conference has hosted more than 50 companies and more than 400 investors from more than 260 private equity firms.
As one of the select companies chosen to participate, AdvantEdge’s President and CEO, David Langsam, described how AdvantEdge has grown both organically and through a disciplined acquisition strategy to become one of the largest providers in the medical billing, coding and practice management industry. In an industry that is experiencing increasing regulation and cost pressures, acquisitions are one of the most efficient solutions to the challenge of achieving the scale needed to make the investment in technology that enables providers to comply with increasingly complex government reporting while also reducing unit costs for healthcare professionals.
In his presentation, David also explained that AdvantEdge’s acquisition program is continually looking for new opportunities because of the highly fragmented nature of the market. AdvantEdge’s disciplined approach has enabled the company to acquire established, profitable, successful billing companies with favorable characteristics, including reputations for outstanding performance. AdvantEdge then implements its “Integrate, Migrate, Operate” program to rapidly migrate acquisitions onto its proprietary Virtual Manager platform to achieve scale, increase operating leverage, and improve performance for their clients.
Here is a link to the AdvantEdge presentation:
AdvantEdge is a technology-enabled provider of revenue cycle management services, informatics, and expertise which enable healthcare providers to maximize financial performance and eliminate compliance risks. AdvantEdge has over 500 employees in eight operating centers and collects over $1 billion for its physician clients using its own proven technology. In an industry with over 1,000 companies, AdvantEdge is recognized as one of the top 10 medical billing, coding, and practice management companies in the nation. AdvantEdge clients include hospital-based physicians, hospitals, ambulatory surgery centers, and large office-based groups. AdvantEdge is an IBM Business Partner for physician billing solutions. For more information about AdvantEdge, please visit our website at www.ahsrcm.com, like our Facebook page (www.facebook.com/AdvantEdgeHealthcareSolutions), or follow AdvantEdge on Twitter @DoctorBilling.
