Dallas-based VMG Health, a full-service healthcare compliance, strategy, and transaction advisory firm, has acquired Compliance Risk Analyzer from DoctorsManagement.
VMG Health is owned by VMG Health employees and Maryland-based Northlane Capital Partners, which invested in VMG Health in March 2020. Financial terms of the acquisition were not disclosed.
Compliance Risk Analyzer is a suite of software-based auditing and predictive analytics tools developed by industry experts Frank Cohen and Scott Buchanan. The tools help healthcare organizations enhance coding compliance and mitigate the risk of potential recoupments and penalties, VMG said.
“Addressing recoupments is both costly and time-consuming. CRA will further help our clients proactively identify and address areas of risk,” VMG Founder and CEO Greg Koonsman said in a statement. “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.”
VMG said that the software supports risk-based auditing by analyzing billing and coding patterns in healthcare organizations. CRA said it offers 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,” CRA founder Frank Cohen said in a statement. “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.”
VMG Health is a leader in healthcare compliance, strategy, and transaction advisory services.
Since 1995, the company said it’s been committed to delivering thought leadership and solutions to clients related to all types of healthcare organizations, facilities, and compensation arrangements. VMG has offices in Dallas, Chicago, Denver, Minneapolis, Nashville, New York, Phoenix, and Reno.
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