VMG Health, a leading full-service healthcare compliance, strategy, and transaction advisory firm, is pleased to announce it has acquired Compliance Risk Analyzer (CRA) from DoctorsManagement. VMG Health is owned by VMG Health employees and Northlane Capital Partners. NCP invested in VMG Health in March 2020.
CRA is a suite of software-based auditing and predictive analytics tools developed by industry experts Frank Cohen and Scott Buchanan. These tools help healthcare organizations enhance coding compliance and mitigate the risk of potential recoupments and penalties.
“We are excited to have Frank, Scott, and the CRA team join VMG Health,” said Greg Koonsman, Founder and CEO of VMG Health. “Addressing recoupments is both costly and time-consuming.
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CRA will further help our clients proactively identify and address areas of risk. The combination of the CRA technology with our existing expertise in billing and coding audits, training, and compliance program development will ensure VMG Health can meet the ever-changing needs of our clients.”
The software supports risk-based auditing by analyzing billing and coding patterns in healthcare organizations. CRA offers clients a comprehensive solution for assessing risk in both outpatient and inpatient billing to establish best-in-class compliance programs tailored to their needs.
“DoctorsManagement supported the initial build of the CRA platform, and that partnership was both positive and transformative,” said CRA Founder Frank Cohen. “VMG Health is the right next partner for us as we seek to expand into more health systems and accelerate our product development. This combination will empower us to deliver even greater value to our clients.”
SOURCE : BusinessWire