Revenue Management Solutions Acquires Healthcare MedRx

Revenue Management Solutions, LLC (RMS) announced today the acquisition of the MedRx(R) healthcare industry business from Critical Technologies, Inc. Terms of the acquisition were not disclosed. RMS provides streamlined, end to end solution to processing healthcare receivables. The addition of the MedRx(R) business will broaden RMS’s comprehensive processing of healthcare receivables.

"The selling of the MedRx business was a strategic move for Critical Technologies that allows us to focus on Critical’s core product offerings, including iMagio(R), our hosted document management services and mVault(R), our mortgage loan processing platform. RMS has built an impressive healthcare receivables organization, and the acquisition of MedRx from Critical is another step in their commitment to the healthcare industry," said Critical Technologies president, Patrick Castleberry.

Tom Dean, CEO of RMS, commented that, "the MedRx(R) business is a great fit to our existing revenue receivable platform for the healthcare industry. Our company is committed to providing the premier revenue receivable management solution for the healthcare industry and the MedRx(R) acquisition underscores our commitment to growth. We continue to build our organization via acquisitions, development, and experienced healthcare, banking and technical professionals. Coupled with the acquisition of the MedRx(R) business, our electronic technology platform and related services will make RMS an industry leader in the medical banking market space."