FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Intermedix Corporation, the leading provider of technology-based business services to the emergency healthcare services industry, announced today it has acquired the assets of Comprehensive Medical Billing Solutions, Inc. (“CMBS” of Oklahoma City, Oklahoma).
CMBS is a leading provider of revenue cycle management services for hospital-based emergency physicians. For 10 years, CMBS has specialized in coding, billing and reimbursement services and is particularly focused on optimizing the reimbursement process. Bryan Vinyard and Robert Thomas, co-founders of CMBS, will join the Intermedix Leadership Team. Bryan will serve as Executive Vice President of the Intermedix Emergency Department Revenue Cycle Management business. Robert will become a Senior Vice President of Operations.
Ken Cooke, President of the Intermedix Revenue Cycle Management business, commented, “The acquisition of CMBS represents the strategic expansion of our emergency physician revenue cycle management services. This acquisition will continue to strengthen our national market leadership. CMBS and Intermedix are both known for delivering superior results and highly-personalized customer service. We plan to integrate our respective best practices, technologies and services to further enhance the overall customer experience. We are excited to welcome the clients and the people of CMBS to Intermedix. I am particularly pleased that Bryan and Robert have agreed to join the Intermedix management team as their leadership, both in our Company as well as the industry, will be enormously valuable to Intermedix and our clients.”
Bryan Vinyard, President and CEO of CMBS, stated, “The decision to join Intermedix was based on our shared core values of compliance, teamwork, integrity and a commitment to client satisfaction. Our client partnerships are our top priority, and with Intermedix, we are now able to provide additional resources which will further enable their success. We are thrilled to join the Intermedix team.”
Doug Shamon, CEO of Intermedix Corporation, stated, “At Intermedix, we are building an extraordinary Company that is uniquely focused upon providing technology and technology enabled business services to the emergency healthcare services industry. Our products and services help healthcare providers to optimize the provision of care and promote healthy patient recoveries. Our Revenue Cycle Management Division is the industry leader in the emergency healthcare segment and the addition of CMBS extends our leading market-share. More importantly, the addition of the CMBS executive team and its outstanding people will enable Intermedix to be even more capable of providing a unique level of service to all of our clients.”
About Intermedix Corporation
Intermedix (www.intermedix.com) focuses on the highly fragmented emergency healthcare system by delivering healthcare information technology and business solutions to manage the revenue cycle, promote preparedness and interoperability, and support incident response management, documentation and reporting.
Intermedix provides revenue cycle management services for emergency physicians and hospital emergency departments, emergency medical services (ambulance) agencies, urgent care centers, and fire departments throughout the United States and has collected billions of dollars for its clients. The Company also provides hosted technology solutions for state and local public health agencies, hospitals, emergency medical services agencies, and fire departments using the brand names EMResource™, EMTrack™, ResponseManager™, TripTix®, EMRegistry™, and Fleeteyes.
About CMBS
Comprehensive Medical Billing Solutions (CMBS) is a full-service medical billing, coding, and consulting firm designed to meet the business needs of Emergency Physicians across the United States. CMBS provides Practice Management, Accounts Receivables Management, and a variety of billing related services for Emergency Physicians. CMBS is one of the twenty largest providers of Emergency Medical Billing Services in the USA.
This press release may contain forward-looking statements within the meaning of the "safe harbor" provision of the United States Private Securities Litigation Reform Act of 1995. While these statements represent our best current judgment, they are subject to risks and uncertainties that could cause actual results to vary. These statements may involve risks and uncertainties. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual outcomes may vary materially from those indicated.