Med-Metrix, LLC (“Med-Metrix”, or the “Company”), a leading provider of Revenue Cycle Management (“RCM”) and Business Intelligence (“BI”) solutions, along with subsidiaries Medi-Centrix, LLC and Physician Advisors On-Call, LLC, announced today that it has received investments from A&M Capital Partners (“AMCP”), existing strategic partner Hackensack Meridian Health (“HMH”) and senior management to support the Company’s next phase of growth. In conjunction with the transaction, Med-Metrix also merged with Miller & Milone, P.C. (“Miller & Milone”), a leading provider of healthcare denial management and other RCM related services.
“We are excited to welcome AMCP as new partners and to continue our successful multi-year strategic partnership with HMH,” said Med-Metrix Founder and CEO Joseph Davi. “We are eager to add and invest into our best-in-class, technology-enabled RCM service offerings as illustrated by our merger with Miller & Milone.”
Founded in 2010, Med-Metrix is a leading technology-enabled services platform providing RCM and BI solutions for health systems and physician groups across the United States. Med-Metrix provides RCM and BI services via the Company’s full suite of proprietary performance improvement technology. The Company serves its customers through its Med-Metrix LLC, Medi-Centrix LLC, Physician Advisor On-Call, LLC and Miller & Milone divisions.
Also Read: Kingscom – Marrying Media with Creative Expertise
“Med-Metrix has been a value-added partner of ours and we are excited about the opportunity to continue our strategic relationship with them going forward,” said Robert Glenning, President, Financial Services and Information Divisions and Chief Financial Officer of HMH. In connection with the transaction, Mr. Glenning has joined the board of the consolidated Company.
“The Miller & Milone team believes the merger with Med-Metrix is an outstanding business and cultural fit. The combination of our market leading offerings along with those of Med-Metrix creates truly differentiated services for our customers and will prove to be value-added for all involved,” said Christina Milone, Founder and CEO of Miller & Milone.
“Joe Davi, Rob Wright, and the long-standing management team at Med-Metrix have built a world-class RCM platform that provides the Company’s clients with a comprehensive suite of software and services that delivers superior results,” said Rob Haisch, a Partner of AMCP. “AMCP looks forward to supporting Med-Metrix’s experienced leadership with resources to continue the Company’s current growth trajectory, including through potential new customer introductions as well as through additional M&A.”
Med-Metrix was advised by VRA Partners LLC and Sills Cummis & Gross P.C. on the transaction. A&M Capital was advised by McDermott Will & Emery. Hackensack Meridian Health was advised by Raymond James.