NASHVILLE, Tenn.--(BUSINESS WIRE)--Ludi, Inc. (“Ludi”) the leader in provider compensation management, today announced its acquisition of MDComp’s cutting-edge wRVU calculator and dashboard tool. This strategic acquisition underscores Ludi’s commitment to addressing the increasing complexities of physician compensation with the most innovative, efficient, and reliable technology in the market.
Accurate and timely wRVU data is essential for healthcare organizations managing production-based provider compensation. Many organizations, however, face significant challenges in this area, including ensuring the data is accessible, intuitive, and accurate for their physicians; navigating outdated or multiple CMS fee schedules; and overcoming the complexities of electronic health record (EHR) systems. These hurdles can make provider compensation administration cumbersome and error-prone, ultimately reducing trust in provider compensation.
MDComp’s SaaS-based wRVU calculator and dashboard tool, designed by industry experts, addresses these challenges with precision and flexibility. Users get real-time visibility into accurate data and enhanced trust in provider compensation.
“This acquisition marks a pivotal moment in our journey as the only comprehensive platform for provider compensation management,” said Danielle O’Rourke, CEO of Ludi. “With the increasing complexities of managing wRVUs and production-based compensation, MDComp’s cutting-edge calculation tool is a game-changer. It seamlessly integrates with our innovative DocTime® platform, empowering us to deliver unmatched precision, transparency, and efficiency in calculations and data management to healthcare organizations. This acquisition strengthens our commitment to revolutionizing provider compensation management at every level, and we’re thrilled to welcome MDComp’s clients and capabilities into the Ludi family as we set a new standard for the industry.”
Ludi and MDComp already share several mutual healthcare clients, underscoring the synergy between their solutions and the real-world benefits of this exciting acquisition.
About Ludi
Ludi is the leader in provider compensation solutions, leveraging innovative technology and exceptional client support to streamline provider arrangements and payments. Our industry-leading DocTime® platform empowers healthcare organizations nationwide to reduce costs, ensure regulatory compliance, and foster collaborative provider relationships. By addressing the complexities of provider compensation, DocTime delivers clarity, efficiency, and data-driven insights to support confident decision-making. In 2023, Ludi announced a growth recapitalization in partnership with leading healthcare investment firm Great Point Partners to advance its commitment to impactful healthcare solutions.
About Great Point Partners
Great Point Partners, founded in 2003 and based in Greenwich, CT, is a leading health care investment firm with 30 professionals, investing in the United States, Canada, and Western Europe. GPP is currently making new minority and majority private equity investments from GPP IV. Great Point manages approximately $1.7B of capital (including committed and uncalled capital) in its private funds and public life sciences equity strategy (BioMedical Value Fund). Great Point Partners has provided growth equity, growth recapitalization, and management buyout financing to more than 100 growing health care companies. The private equity funds invest across all sectors of the health care industry with a particular emphasis on biopharmaceutical services and supplies, alternate site care, medical device contract manufacturing and information technology enabled businesses. The firm pursues a proactive and proprietary approach to sourcing investments and tuck-in acquisitions for its portfolio companies.
