MediGain Raises $8.5 Million in New Funding in Q4 2012 to Continue Acquisition and Expansion Plans

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MediGain, a global full-service revenue cycle management and healthcare analytics company, announced today that it raised $8,500,000 in capital during the last quarter of 2012. Greg Hackney, CEO of MediGain, stated the funds would be used for additional acquisitions to continue the company's growth across the U.S.

MediGain has quadrupled in size and revenue since being acquired in March 2011.

“MediGain has quadrupled in size and revenue since being acquired in March of 2011,” said Hackney. "We anticipate continued growth as we expand into other healthcare verticals. The $8.5 million in funding came from the F&M Bank in Dallas and from current MediGain investors."

MediGain has been expanding from their core business as a medical billing and reimbursement provider for physicians offices to include ambulatory surgery center billing and revenue cycle analysis / consulting for small to medium size hospitals. Within the three verticals of physicians offices, ambulatory surgery centers and hospitals, MediGain will be offering a variety of services including billing and reimbursements, consulting, and revenue cycle analytics and automation software.

About MediGain Services, Inc.
MediGain is a global full-service revenue cycle management and healthcare analytics company devoted to improving billing, collections, and outcomes for healthcare providers and the patients they serve. With over 400 employees, MediGain provides solutions for physician groups, provider networks, ambulatory surgery centers and hospitals enabling them to reach their maximum potential through improved operational, financial, and clinical outcomes. For more information on how MediGain can maximize revenue, reduce expenses and allow you to spend more time on providing your patients with quality healthcare, visit our web site at http://www.MediGain.com.

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Clint Hughes
clint.hughes@medigain.com
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