Doherty & Associates, announced the acquisition of Medical Billing Management, Inc.
Doherty & Associates, will increase their portfolio of expertise to offer a broader range of services to healthcare practices including: medical, dental, chiropractic and physical therapy service providers.
Medical Billing Management Inc. was established in 2012. As a new medical division, Medical Billing Management will augment the services already provided by Doherty & Associates.
Doherty noted that its accounting practice commonly sees large account receivables, especially with health care clients. That impedes the practice’s cash flow and in turn stymies growth. In addition, with the Affordable Care Act, many practices with limited staff are being challenged by increased patient load, working with various insurance companies, managing complex compliance issues and dealing with operating costs. Doherty & Associates consulted with their clients and it was evident that outsourcing enables growth for healthcare practitioners by providing a lower cost yield and expanded revenue channels, the release stated
Doherty & Associates reported the company “will will deliver high value at a low cost to the overall medical billing and collection process with a staff of professional, experienced individuals who have the know how”to work through red tape and to get things done efficiently and effectively”
Medical Billing Management also brings the medical coding expertise and a negotiation strategy, with insurance companies, to ensure billing is done right the first time, the release stated.
Founded in 2001 by CEO and President, Debbie Doherty, Doherty & Associates brand is a tax and financial services company with an experienced staff that has increased over the years to accommodate an expanded client base ranging from start-up companies to companies with revenues of as much as $45 million. The company manages numerous corporate accounting departments, including daily account management and personalized services customized for each individual business.
Doherty & Associates has expanded over the years from general Bookkeeping Services to adding full CFO services, virtual CFO, IRS representation, tax preparation services, tax planning, business consulting, personal finance management and now medical billing. Doherty & Associates represents clients throughout the United States and worldwide. Doherty is based in the Pike Creek area between Newark and Wilmington.
