AdvancedMD, headquartered in Draper, Utah, provides a market-leading Software-as-a-Service (SaaS) electronic health record and practice management software platform delivered to more than 10,000 providers and 300 billing service providers nationwide. As a complete Medical Practice Optimization solution, the product combines the clinical with the financial to improve workflow and revenue capture. Our software suite allows for configurable charting through an integrated EHR, with rich features such as patient portal, scheduling, electronic eligibility verification, electronic prescribing, and mobile access for the practice, as well as sophisticated, efficient claims processing, denial tracking and revenue management for the billing professional.
The Difference Experience Makes
Processing more than 1.5M claims per month through our clearinghouse, AdvancedMD is able to identify payer rule changes quickly and continuously adjust our software to reflect those changes, yielding first-pass claim acceptance rates of 95% or better, compared to the national average of 70%. With ten-fold growth since 2006, we are the #1 web-based medical practice optimization software on the market.
Corporate Strength
AdvancedMD stands out among our peers with regard to corporate strength and financial viability, particularly during the recent economic cycles. We have been in business since 2000 and have experienced rapid sustained growth over the past decade.
Financial Viability & Stability
In January 2008, AdvancedMD was acquired by Francisco Partners. With $5B of capital under management, Francisco Partners is one of the largest technology-focused private equity firms in the world. With this acquisition, AdvancedMD gains access to substantial resources, enabling us to further accelerate the company's growth and solidify our leadership position in SaaS-based health care software and information technology.
