Provana, a well-known company that offers tech-based managed services, has announced that it has bought MEG Business Management, a respected company that helps independent physical therapy clinics with their practice management. This move shows Provana’s dedication to providing healthcare providers with smart, cost-effective solutions that handle all aspects of business management and revenue cycle services.
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By adding MEG Business Management to its team, Provana is growing its role as a top provider of revenue cycle management in the physical therapy and wellness areas. The new combined company will offer complete administrative and revenue solutions that use AI and have strong operational know-how, offering better support to independent practices.
Since it started in 2006, MEG Business Management has helped thousands of physical therapists in their private practices by offering personalized coaching, marketing help, credentialing services, and effective tools for managing their practices. Merging MEG’s specific expertise with Provana’s team of over 4,000 professionals will create a strong organization that delivers advanced revenue cycle management and business solutions. These new solutions are made to help independent practices stay successful in a tough healthcare market.
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Sandeep Bhargava, CEO and Co-Founder of Provana, said, “Acquiring MEG Business Management strengthens Provana’s ability to help private physical therapy practices deal with their unique challenges. Together, we will become the top tech-enabled RCM provider in the physical therapy and wellness industries. Using our AI platform and data insights, we will make operations easier, improve practice results, and allow therapists and practice owners to focus on giving great patient care while we handle all the administrative services they need.”
This partnership is a major step forward in helping independent physical therapy clinics. By combining MEG’s deep industry knowledge with Provana’s global operations, automation, and predictive analytics, practice owners will have the tools they need to succeed in a competitive environment. Brian Gallagher, CEO and Founder of MEG Business, added, “Joining Provana is an exciting opportunity to expand our impact in the physical therapy and wellness industries. Our goal is to reduce the burden of administrative tasks by giving physical therapists advanced technology and expert remote administrative services, so they can focus on delivering excellent patient care.”
With this acquisition, Provana is moving closer to its goal of innovating in the wellness and physical therapy industries. By offering integrated, technology-based billing, credentialing, and practice management services, Provana aims to make administrative tasks easier, speed up the revenue cycle, and improve patient satisfaction, helping it stay a leader in the market.
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