Fi-Med Management, Inc. Acquires California and Utah-based Mediplete, Looks Ahead to Another Year of Growth

Thursday, January 31, 2008 General News
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WAUWATOSA, Wis., Jan. 30 Wisconsin-based Fi-MedManagement, Inc. announced last week the acquisition of Mediplete, a growingmedical billing firm with offices in Utah and southern California.

(Logo: http://www.newscom.com/cgi-bin/prnh/20080130/AQW173)

The acquisition, completed on Dec. 28, 2007, comes at the confluence oftwo goals: for Mediplete, the need to bring new, more efficient technologieson board for their clients in an IT-savvy environment, and for Fi-Med, thedesire to expand its presence into the western U.S.

"It was a natural for the two companies to merge," says Fi-Med PresidentAdrian Velasquez. "Fi-Med had proven technology with proven results. Medipletewas able to bring more value to their clients without having to increase thecost to the client."

Fi-Med has welcomed aboard all existing Mediplete employees, including thecompany's owners and management team. Mediplete clients, many of them surgicalcenters and anesthesia groups, will continue to receive the same top-notchservices they received before the acquisition, with the addition of Fi-Med'srepertoire of financial medical management services and cutting-edgetechnology. Fi-Med's current clients will benefit from the additionalknowledge and expertise of Mediplete's contracting and coding specialists.

Fi-Med Management Inc., founded in 1993, provides billing, receivablesmanagement, lockbox services, collections, credentialing services and otherfinancial management and reporting services to independent physicians, labsand medical centers across the country. Fi-Med's unique combination oftechnology and expertise has helped increase cash flow and reduce compliancerisk for its clients, and its success has earned Fi-Med local and nationalrecognition and numerous business growth awards.

SOURCE Fi-Med Management, Inc.


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