February 1, 2012

Cover Story

CEO of the Year

Utah’s business landscape is rich with professionals who have le...Read More

Featured Articles

Did you go Skiing this winter?

Around Utah

Sections

Spotlight
Martin Plaehn

Spotlight
Karen Sendelback

Legal Briefs
Social Media and Employers: Friends or Enemies?

Money Talk
The Case for HSAs

Economic Insight
Time to Show Up

Lessons Learned
Make a Move

TechKnowledge
In the Lab

EntrepreneurEdge
Rent to Own

Business Trends
Back from the Dead

Executive Living
Artful Inspiration

Features
A Breath of Fresh Air

Features
Worst-Case Scenario

Regional Report
Northern Utah

Focus
Measure Up

Industry Outlook
Travel & Tourism

Players
Players

Article

ADP Acquires PhyLogic Healthcare

Press Release

February 1, 2012

ADP announced the acquisition of privately-held PhyLogic Healthcare, a highly-respected Revenue Cycle Management (RCM) company that has served small- and mid-size U.S. medical practices since 2001. The ADP medical office software division, ADP AdvancedMD, a provider of leading cloud practice management, electronic health record, medical scheduling, and billing applications, now offers outsourced medical billing services to practices seeking to improve revenue and offload costly and complex medical claims processing.

According to ST Advisors, LLC, the U.S. RCM market is projected to grow from approximately $4B in 2010 to more than $9B by 2018, spurred in part by expected medical reimbursement regulation changes. "With the acceleration of regulatory compliance challenges, including the move to ICD-10 coding standards, an increasing number of medical practices are outsourcing medical claims management," said Raul Villar, president, ADP AdvancedMD.

While other national billers focus on large institutions, ADP has vast experience with the small business market, serving more than 400,000 clients. Continued Villar, “Trust and peace of mind for the health care provider are critical when deciding to outsource billing and ADP has a long-standing history of serving medical professionals in practices of all sizes. The addition of revenue cycle management is a natural extension of our value-add to independent physicians.”

"Having partnered with ADP AdvancedMD for years, we are excited to expand our RCM capability and maximize reimbursement for our medical provider clients," commented Markus Muhlhauser, CEO, PhyLogic. "ADP AdvancedMD has an intense focus on maximizing collections for clients. We have built a successful medical billing company by helping clients realize income faster. Our commitment and expertise together are well matched and with all of our clients already familiar with ADP AdvancedMD’s innovative cloud-based software, we’re looking forward to a seamless transition for our entire client base with increased resources."
(2.1.12)

Utah Business Social
UB Events View All
Content Marketing BootcampUtah Business Event
Oct 28, 2014
Please join Utah Business Magazine and Adobe, along with our other sponsors: Boostability, Right ...
Sustainable Business Awards 2014Utah Business Event
Nov 13, 2014
Utah Business magazine along with presenting sponsor Big D Construction, is pleased to announce t...
Best Companies to Work For 2014Utah Business Event
Dec 11, 2014
Utah Business magazine along with our sponsors Diversified Insurance and Miller Motor Sports Park...
Community Events View All
Deal Forum - Salt Lake City
Oct 22, 2014
This Deal Forum is a live pitch event and will feature a number of entrepreneurs who are seeking ...
Interwest Paper - Recycling Brokerage Tour
Oct 22, 2014
Learn about the recycling services ecosystem and what it takes to support customers in nine state...

info@utahbusiness.com  |  90 South 400 West, Ste 650 Salt Lake City, Utah 84101   |  (801) 568-0114

Advertise with Utah Business

Submit an Event

* indicates required information
* Event Name:
Price (general):
Website (if applicable):
Coordinator's Name:
Coordinator's Email:
Coordinator's Phone:
Venue Name:
Venue Address:
Venue City:
Venue Zip:
Event Capacity:
Date(s):
to
* Event Description:
  Cancel