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Med Metrix

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Med-Metrix Company Research Report





Company Overview



  • Name: Med-Metrix

  • Mission: Relentlessly raising Revenue Cycle Management (RCM) yield by providing cutting-edge solutions and maintaining collaborative engagement with clients.

  • Founded: August 2010

  • Founders: No specific founder names are provided.

  • Key People:

  • Joseph H. Davi - Chief Executive Officer

  • Robert J. Wright, Jr. - Co-President

  • Garett M. Kreitz - Co-President

  • Danielle Pannullo - Chief Operating Officer & Executive Vice President

  • Sheri Ann DaCosta - Chief Administration Officer & Executive Vice President, Finance

  • Steven R. Kamen - Chief Legal Officer & Executive Vice President

  • Frank Colombo, CPA - Chief Financial Officer & Senior Vice President

  • John Stefanowicz - Chief Operating Officer, Physician Division & Senior Vice President

  • Cristina Stoica - Chief Technology Officer

  • Jennifer McNair, M.D. - President, Physician Advisory Division

  • Christina Milone, Esq. - CEO, Denials and Eligibility Services

  • Arif Bashir Shaikh - Chief Software Architect

  • Headquarters: 9 Entin Road, Parsippany, NJ 07054

  • Number of Employees: No specific information available.

  • Revenue: No specific revenue information available.

  • Known For: Med-Metrix is renowned for being a performance and revenue cycle management service and technology provider in the healthcare industry, known to improve the RCM yield by 2-5% on average for its end-to-end clients.


Products



  • End-to-End Services: Comprehensive revenue cycle management support ranging from patient intake to revenue collection, delivering a ROI of 4x-10x.

  • Patient Intake Stack: Optimizes front desk operations, from scheduling and authorization management to payment processing.

  • Revenue Integrity Stack: Focuses on coding audits, charge master audits, and reimbursement audits to improve cash flow and reduce compliance risk.

  • Revenue Collection Stack: Enhances billing, collections, and denials management through advanced workflow segmentation and automation.

  • Business Insights Stack: Provides business insights through reporting, contract management, valuation, and cost accounting.


Key Features



  • AI and Automation: Implementation of AI and robotic process automation in revenue cycle processes for efficiency.

  • Denials Management: Expertise in overturning 60-70% of denials on average.

  • Collection Workflow: Increases yield by 1.5-3% on contracted revenue.

  • Comprehensive Tech Solutions: Custom-built tech stacks that integrate smoothly with existing EMR systems to improve productivity by 10-20%.


Recent Developments



  • Acquisitions and Partnerships:

  • 2021: Acquisition of Miller & Milone, LLC, enhancing denial management capabilities.

  • 2022: Acquisition of ARMCO Partners, boosting coding and billing service capabilities. Acquisition of PatientPal, expanding patient intake technology.

  • 2023: Acquisition of Tritech Healthcare Management, enhancing complex claims solutions.


  • Rebranding: April 2023, Med-Metrix rebranded to unify all acquired brands under a singular modern identity.

  • Technology Upgrades: Continues to upgrade its tech offerings to provide seamless integration and robust AI applications to maximize clients' revenue cycles.


  • International Expansion: Planned expansion includes opening an office in India by June 2024.


Conclusion



Med-Metrix stands out as a leader in Revenue Cycle Management, setting new standards through innovative technology and comprehensive service offerings. The company has consistently enhanced its capabilities through strategic acquisitions and partnerships, promoting streamlined revenue processes for hospitals and physician groups nationwide.



Note: This report compiles all available data and any missing information is noted as not provided.