Medical Mastermind, a provider of revenue cycle management (RCM) software and services to US healthcare providers, announced today that it has acquired Physician Data Management (PDM) of St. Louis, MO, a leading RCM service provider focused exclusively on pathology laboratories. The PDM acquisition strengthens the Company’s RCM platform and accelerates the Company’s specific focus within the pathology laboratory segment.
“The addition of Physician Data Management accelerates Medical Mastermind’s overall growth trajectory and adds significantly to the Company’s expertise in the path lab segment, a specialty area that is core to our growth objectives,” said Walter Beinecke, Chairman of Medical Mastermind and Partner at Brook Venture of Wakefield, MA.
PDM will serve as the pathology laboratory center of excellence within Medical Mastermind under the continued leadership of founder Michael Ferrie, an industry-recognized expert in private pathology practices and pathology/clinical laboratories. PDM will maintain all its employees in its current St. Louis office and will continue to operate under the PDM brand as a wholly owned subsidiary of Medical Mastermind. PDM’s clients range from small practices to large independent reference labs located nationwide.
“The transaction with Physician Data Management adds a very seasoned group of exceptional management to our team. I am particularly excited about Michael Ferrie joining the Medical Mastermind team; Michael is a nationally recognized expert and will be a significant addition to our senior team,” said Stephen Grubbs, CEO of Medical Mastermind.
The PDM acquisition is the fourth RCM acquisition completed by Medical Mastermind. Complimenting strong organic growth, the Company expects to execute additional strategic acquisitions in attractive specialties including laboratory, orthopedics, cardiology, anesthesiology, radiology/oncology and surgery centers as part of its overall growth plan.
About Medical Mastermind
The company provides comprehensive revenue cycle management software and services on behalf of healthcare providers nationwide. Products and services include: Practice management Software, Electronic Health Records software and RCM services including billing, coding, data entry, claim follow up, denial management and accounts receivable among others. The company is headquartered in Baltimore, MD with additional offices in Novi, MI, St Louis, MO, and Chandigarh, India.