Imaginesoftware Broadens Its Products Offerings By Acquisition Of...

Imaginesoftware Broadens Its Products Offerings By Acquisition Of Exchange EDI

Healthcare Tech Outlook | Monday, August 01, 2022

The integration of ImagineSoftware's Exchange EDI services will significantly improve the functionality of patient billing and collections.

FREMONT, CA: Medical billing regulations must evolve with the times while still being focused on reducing financial losses for healthcare companies. The task for the medical billing process is to adapt to the billing regulations, prevent unexpected medical billing, and improve the medical billing process through billing automation and personalized healthcare solutions. Exchange EDI, LLC, one of the premier patient engagement and workflow automation companies, is acquired by Technology Partners, LLC, one of the leading medical billing automation software and revenue cycle management providers. Exchange EDI expands on ImagineSoftware's service capabilities and will improve patient billing and collection operations.

"Since our founding, ImagineSoftware has focused on bringing solutions that center around our clients and their patients, adding ExchangeEDI builds on that mission. With our combined technology and the insights it provides, we are uniquely positioned to improve communication between providers and their patients." says Sam Khashman, president and CEO of ImagineSoftware.

ImagineSoftware has experienced substantial growth in its patient financial engagement products over the past year. ImagineSoftware adds ExchangeEDI to its existing strong portfolio of EDI solutions, significantly extending the product roadmap. The united company wants to address important market developments, such as the persistent rise of patient consumerism. With the acquisition, a top-tier patient estimate engine will be made available, helping educators. Additionally, it will offer the tools necessary to simplify the difficult prior authorization process.

"Our two companies already have amazing synergy and have long worked together side-by-side in health care technology. Both companies are passionate about leveraging technology to improve the RCM process. By joining forces, we will be able to expand the efficiencies we can create." says Patti Velasco, CEO of Exchange EDI.

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