MediGain LLC, a Plano, TX-based provider of revenue cycle management services and analytics for the healthcare industry, raised $38m in funding from Prudential Capital Group.
The company intends to use the funds for organic growth and make a number of strategic acquisitions.
Led by Greg Hackney, Chief Executive Officer and President, and Dinesh Butani, Chairman, MediGain provides a suite of revenue cycle management services. The company’s end-to-end product and service offerings span the entire spectrum of RCM functions, ranging from front-end services such as eligibility verification to back-end services such as accounts receivable collections.
It currently serves over 400 clients, including independent physician groups, hospitals, and ambulatory surgery centers.