CHARLOTTE, N.C. | July 21, 2022 - Technology Partners, LLC (dba ImagineSoftware™), a leading provider of medical billing automation software and revenue cycle management applications, announces the acquisition of Exchange EDI, LLC, a leading patient engagement and workflow automation organization. The addition of Exchange EDI builds on ImagineSoftware's service offerings and will further optimize patient billing and collections functionality.
“Since our founding, ImagineSoftware has focused on bringing solutions that center around our clients and their patients; adding ExchangeEDI builds on that mission," said Sam Khashman, president and CEO of ImagineSoftware. "With our combined technology and the insights it provides, we are uniquely positioned to improve communication between providers and their patients."
Over the past year, ImagineSoftware has seen significant growth in its patient financial engagement tools. Through the acquisition of ExchangeEDI, ImagineSoftware complements an already robust suite of EDI solutions that further expand the product roadmap. The combined entity aims to address key trends in the industry, including the ongoing growth of patient consumerism. The acquisition will provide a best-in-class patient estimation engine that will assist providers with education. In addition, it will provide the functionality to help streamline the complexity of the prior authorization process.
"Our two companies already have amazing synergy and have long worked together side-by-side in health care technology," said Patti Velasco, CEO of Exchange EDI. "Both companies are passionate about leveraging technology to improve the RCM process. By joining forces, we will be able to expand the efficiencies we can create."
Technology Partners, LLC (dba ImagineSoftware™)
ImagineSoftware is the leading provider of medical billing automation software and revenue cycle management applications. Offering powerful technology solutions for medical billing offices, practices, and hospitals for over 20 years, ImagineSoftware currently serves more than 75,000 physicians across 43 specialties. ImagineSoftware solutions improve financial efficiency, build provider reputation, and ultimately enhance the patient experience. For more information, visit imagineteam.com and follow us on Twitter @ImagineTeam or connect with us on LinkedIn "ImagineSoftware (Technology Partners, LLC)."