MD On-Line, Inc., a Parsippany, NJ-based provider of electronic data interchange (EDI) solutions that facilitate the critical connection between providers, insurance companies, pharmacies, laboratories, pharmaceutical companies, and other stakeholders. has received a minority investment from Abingworth.
The investment will enable the company to solidify its position in the market.
Led by President and CEO Bill Bartzak, MD On-Line offerings enable electronic data capture and entry, as well as claim and transactional data submission to payers. In addition to claims processing, the company offers electronic health records, real-time services for eligibility verification, claim status inquiries, and electronic remittance advice (ERAs). The company’s solutions encompass a network of more than 2,000 payer organizations and are utilized by more than 45,000 healthcare providers nationwide.
In conjunction with the transaction, David Mayer, a Partner at Abingworth, has joined MD On-Line’s Board.
FinSMEs
18/05/2011