WebPT, the electronic medical record (EMR) company, has made a strategic acquisition to expand it’s offering beyond electronic documentation to become a full, cloud solution that helps improve patient care and the clinic’s bottom line. Here are some stats on WebPT:
- Now at 12,000 users with a 99% customer retention rate (highly unusual in the EMR space)
- Has more than 13M electronic health records stored safely in it’s cloud environment
- Will double in size again this year (fourth year in a row)
- With this acquisition and integrations with billing software such as Kareo, WebPT is aiming to be much more than just a documentation software
Acquisition is Part of WebPT’s Effort to Become a Complete Cloud Solution for Physical Therapy Clinics
(Phoenix, Ariz. June 14, 2012) – WebPT, developer of cloud-based physical therapy software that makes physical therapy clinics more efficient, has announced the acquisition of Health Data Solutions, Inc., a company that specializes in physical therapy and chiropractic billing and revenue cycle management. WebPT began offering billing services to its customers in 2011 and launched the service on a national basis earlier this year. This acquisition is part of their effort to be a one-stop management solution for PT clinics for everything from documentation to scheduling to billing.
“The talent and business intelligence that comes with this acquisition is very exciting for us. This is an important step for WebPT and a great opportunity for Health Data Solutions,” says Paul Winandy, CEO of WebPT. “Health Data Solutions has been successful in the billing industry for ten years, specifically with PT clinics. With this acquisition we’re able to expand our market reach and provide an even better service to our current customer base. WebPT has not only gained a proven service offering, we have also added experienced team members who share our commitment to fanatical customer service.”
WebPT has brought on Health Data Solutions’ co-founder Robin Roach as the director of billing services to oversee the department. Roach’s responsibilities include the overall management of the department and championing the growth of WebPT’s billing service offerings.
“Our customers have been using WebPT for years. Our missions are aligned as well as our customers’ needs. This is a great fit for both companies,” says Roach. “Since WebPT’s entry into the market, we have been impressed with what they deliver in terms of quality and customer service. I look forward to seeing the results of the combination of minds and technologies, and am proud to be part of such an innovative, fast growth company.”
WebPT formally announced its revenue cycle management service in April of this year. The integrated billing service manages aspects such as posting and reconciling payments, as well as investigating, correcting and appealing insurance denials. Also available is real-time, 24/7 access to billing and claim information, which users can access from any computer or mobile device. WebPT customers also have easy access to daily, weekly and monthly reports for their review. The advanced reporting dashboard gives insight into account aging, revenue per visit, and payer mix to help provide a deeper understanding into the cash flow of their clinic.
WebPT initially launched as an electronic medical record (EMR) system in 2008. The company has since evolved to offer practice management features specific to needs of physical therapy clinics that provide actual ROI. From automated scheduling reminders to cloud-based home exercise programs and now billing, WebPT is becoming the full package for PT clinics that want to improve patient care and their bottom line.
WebPT, Inc. is the fastest growing Web-based EMR for physical therapists. It is the easiest, most affordable, and most complete solution for private practice physical therapy clinics on the market today. WebPT ensures compliance, security and efficiency while providing a truly mobile solution that meets the needs of today’s PT. More information can be found at http://www.webpt.com.