Mediware Information Systems, Inc., a Lenexa, Kan.-based portfolio company of TPG Capital, acquired MEDTranDirect, Inc., a provider of software solutions for healthcare revenue cycle management and an approved network service vendor for Medicare.
The amount of the deal was not disclosed.
The transaction adds complementary revenue cycle and claims processing capabilities that enhance Mediware’s position as software leader in the healthcare and human services markets. MEDTranDirect’s capabilities will eventually integrate with other Mediware software products that collectively provide customers with comprehensive software solutions across the entire care continuum – including home health, hospice, rehabilitation, home infusion, medication management, blood management, and more.
Established in 1986 by Kalon Mitchell, president, MEDTranDirect serves several hundred customers, including providers in the home health, hospice, skilled nursing facility, rehabilitation and rural hospital markets. Its platform streamlines the submission and processing of providers’ claims to Medicare, Medicaid, and commercial payers, and supports eligibility and remittance transactions, thereby accelerating revenue cycles and improving cash flow. In addition, it is approved to use the Medicare Limited Data Set files to develop analytics solutions for the home health and hospice markets.
Led by Bill Miller, CEO, Mediware provides software for healthcare and human service providers and payers. Core Mediware solutions include blood management technologies for hospitals and blood centers; cell therapy solutions for cord blood banks, cancer treatment centers, and research facilities; medication management solutions for hospitals, behavioral health facilities, infusion and specialty pharmacy providers; and rehabilitation therapy and respiratory care solutions.
FinSMEs
26/01/2018