– Change Healthcare has acquired doctor credentialing firm Modio Well being for an undisclosed time period.
– Modio and CHG are combining forces to enhance credentialing for CHG workers and the hundreds of suppliers and healthcare services it really works with, making the method quicker, safer, and more cost effective.
Revenue cycle management firm, Change Healthcare has acquired Modio Health, a San Francisco, CA-based doctor credentialing supplier. The acquisition will enhance credentialing for Change Healthcare workers, suppliers, and healthcare services.
Gradual, Cumbersome Credentialing Course of
Doctor credentialing and licensing is among the most important processes in healthcare: a doctor can’t see sufferers in the event that they don’t have the correct credentials. A sluggish or inaccurate credentialing course of creates main roadblocks for sufferers making an attempt to entry care and for physicians and healthcare organizations making an attempt to function effectively.
Within the period of doctor burnout and shortages, these two corporations merging are setting the stage for extra versatile, modernized medication. Collectively they hope to enhance credentialing, making the method quicker, safer, and more cost effective for CHG workers, hundreds of suppliers, and healthcare services. Based in 2014, Modio serves greater than 400 shoppers throughout the nation together with hospitals, medical teams, MSOs, income cycle corporations, and pharmacies.
“CHG has set the stage for versatile, modernized medication,” says John Bou, COO, and co-founder, Modio Well being. “We’re very excited in regards to the alternatives this partnership brings as we combine Modio’s expertise with CHG’s deep information of the trade and its giant community and attain.”
After the acquisition by CHG, Modio will retains its title, management workforce, and 30 workers primarily based in San Francisco and Virginia Seaside, VA. Monetary particulars of the acquisition weren’t disclosed.