MDaudit, a provider of all-in-one medical billing, coding compliance, and revenue integrity software solutions for health systems, hospitals, and provider groups, received a growth investment from Bregal Sagemount and Primus Capital.
The financial terms of the equity funding deal were not disclosed.
Powered by analytics and augmented intelligence, MDaudit enables healthcare organizations to reduce compliance risk, improve efficiency, and retain more revenue streams by providing workflow automation, risk monitoring, and built-in analytics and benchmarking capabilities – all in a single integrated cloud-based platform.
As of today, MDaudit serves 700K+ providers across 2500+ facilities with an Aggregate Net Patient Revenue of $225B+ in the U.S.
The growth funds will be invaluable in helping us further accelerate our growth and continue our market leadership to provide continuous risk monitoring capabilities to the healthcare industry, Ritesh Ramesh, CEO of MDaudit, said in a press statement.