AdvancedMD is a cloud-based healthcare software-as-a-service platform for medical billing, healthcare management, and electronic health records (EHR). [1] [2] [3] It is based in South Jordan, Utah and is owned by Global Payments. [1]
It was founded in 1999 as Perfect Practice.MD, which was later rebranded in 2000 to AdvancedMD. [1] [4]
In 2008, AdvancedMD was acquired by Francisco Partners, a San Francisco-based private equity firm. [5]
In 2010, AdvancedMD introduced the AdvancedBiller billing service partner program for additional billing services support. [6] A year later, AdvancedMD acquired PracticeOne. [7]
In March 2011, AdvancedMD was acquired by ADP and was renamed as ADP AdvancedMD. [8] [9]
In 2012, AdvancedMD expanded its revenue cycle management software by acquiring PhyLogic Healthcare RCM. Additionally, Apple iPad App was introduced and the iPad Charge became available for mobile charge capture. [10]
In May 2013, AdvancedMD launched a new website called MyICD-10 to assist medical practices in preparing for the transition to the ICD-10 coding system, which was scheduled to take effect on October 1, 2014. [11] In May 2013, MyICD-10, a new website aimed at helping medical practices prepare for the October 1, 2014, ICD-10 transition, was launched. [11]
In 2015, AdvancedMD was acquired by Marlin Equity Partners and began operating as a stand-alone company. [12]
In July 2018, AdvancedMD acquired NueMD software with proprietary clearinghouse. [13]
In August 2018, Global Payments announced the acquisition of AdvancedMD from Marlin Equity Partners for $700 million. [14] [12]
AdvancedMD's EHR platform is a cloud-based system that enables healthcare providers to access patient records from various locations. [2] The platform includes customizable templates for different medical specialties, allowing for customization at the note and subnote levels. [2] It also features a visual task management tool called "Task Donuts," which is designed to assist medical staff in prioritizing and managing their workload. [2] The system supports electronic integrations, including digital faxing and e-prescribing, and provides analytics tools that provide insights into operational efficiency and support Clinical Quality Reporting. [2]
AdvancedMD's medical billing software is integrated with its EHR system to provide a unified platform. [3] This integration includes a "One-click" feature designed to facilitate the collection of copays by displaying patient information, copays, and eligibility status. [3] The billing software also integrates with credit card processing systems, allowing charges to be automatically posted to a patient's account after a card swipe. [3]