MINNEAPOLIS--(BUSINESS WIRE)-- ABILITY Network Inc™, the nation’s largest and most secure web-based health network, announced today an acquisition from Peak Revenue that extends the ability of DDE users in the hospital, home health care and hospice marketplace.
ABILITY has a long history of demonstrating innovation, listening to their clients and anticipating product functionality that will add value. This acquisition enhances ABILITY’s existing product suite with improved functionality that aids in the claims filing, status checking, and resubmitting processes completed by those responsible for home health agencies and hospice organizations billing practices when submitting claims on behalf of Medicare patients.
“As a leader in simplifying, consolidating and streamlining complex healthcare electronic workflows, we love bringing new functionality to our clients that makes their work life easier,” said Mark Briggs, CEO of ABILITY. “We recently announced a $27 million capital investment from Bain Capital Ventures and Lemhi Ventures that will help drive our desire to expand products and services both organically and through acquisition to continually meet the needs of our clients.”
“We have had the privilege of hearing directly from the market and listening to our clients in order to bring them the services they need,” said Garry Keute, Vice President, Sales at ABILITY. “Because of the great success we have had in the home health market simplifying administrative processes, we are now introducing this product to our hospice and hospitals clients as well.”
ABILITY is continuing to expand its product and service offerings with tools that streamline administrative workflows and improve the Medicare reimbursement process.
About ABILITY Network™
ABILITY works to save lives by facilitating information exchange and knowledge-sharing among every participant within the healthcare spectrum – hospitals, physician practices, home care providers, DMEs, and private and government payers – as well as the Centers for Medicare and Medicaid Services (CMS). In use for more than a decade in more than 3,000 hospitals across the country, ABILITY’s network supports healthcare decision makers in their quest to promote care coordination and collaboration, reduce record fragmentation, participate in new and emerging care models, and access the Direct Project network and state and community-based Health Information Exchanges (HIEs).
For ABILITY Network:
203-504-8230 ext. 107
KEYWORDS: United States North America Minnesota New Jersey
INDUSTRY KEYWORDS: Technology Data Management Internet Security Practice Management Health Professional Services Finance Insurance General Health Managed Care